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Centralised Public Grievance Redress and Monitoring System (Hindi: केंद्रीकृत लोक शिकायत निवारण और निगरानी प्रणाली; abbreviated as CPGRAMS) is a centralised system that allows anyone to file complaints against any department of the Central or State Government of India. it is one of the flagship initiatives for ...
This closed a case of bank fraud in which Chatwal had been embroiled for over a decade. Along with four others, Chatwal was charged with being part of a "criminal conspiracy" to defraud the Bank of India's New York branch of ₹ 28.32 crore (US$3.3 million). Four charges were filed by the CBI, with Chatwal named a defendant in two.
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra.It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [11]
The Serious Fraud Investigation Office (SFIO) is a statutory agency in India tasked with investigating corporate fraud. It operates under the Ministry of Corporate Affairs , Government of India , with the mandate of detecting and prosecuting or recommending prosecution for white-collar crimes .
Mehta used the ready forward deal and applied it to the Bank Receipts system of the Indian financial systems. This system was the most flawed system as the Janakiraman Committee restructured the entire Bank Receipts system after the 1992 scam. [11] Mehta used forged BR's to gain unsecured loans, and used several small banks to issue BRs on demand.
The Nagarwala case or Nagarwala scandal refers to an Indian fraud case where Rustom Sohrab Nagarwala allegedly imitated Prime Minister of India Indira Gandhi and convinced Ved Prakash Malhotra to withdraw ₹60 lakhs from the branch of the State Bank of India where he was the head cashier. However, there has been some controversy over the ...
Hunter Fraud Score is a rating score in India prepared by the credit information company Experian to help detect fraud in credit applications through analytical approach. The score was launched in 2016 and is used by Indian banks and insurance companies to help them lower their losses.
The IC3 was founded in 2000 as the Internet Fraud Complaint Center (IFCC), and was tasked with gathering data on crimes committed online such as fraud, scams, and thefts. [1] Other crimes tracked by the center included intellectual property rights matters, computer intrusions , economic espionage , online extortion , international money ...