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The bank then complained to the CBI, who is currently investigating the scam apart from ED and Reserve Bank of India.CBI named key officials Usha Ananthasubramanian, former CEO of PNB, executive directors KV Brahmaji Rao and Sanjiv Sharan in a chargesheet holding them responsible for failure to implement several circular and caution notices ...
In February 2018, the Indian government's Central Bureau of Investigation (CBI) launched an investigation of Modi, acting on a complaint from the Punjab National Bank. The complaint alleged that Modi and his partners defrauded the bank of ₹28000 Crore (approximately US$4 billion) by conspiring with bank officials to fraudulently obtain ...
This broker goes to another bank and tries to sell the securities and vice versa for buying. Since Mehta was a renowned broker, he issued cheques in his name instead of the bank. When the bank wanted money for the securities, he approached another bank and repeated the same process, and invested the bank money in the stock market. [10]
The CBI, which unfroze ₹ 21 crore (US$2.4 million) in a London bank in accounts held by Bofors, accused Quattrocchi and his wife Maria in 2006 but facilitated his travel by asking Interpol to take him off its wanted list on 29 April 2009.
The bank had filed the original complaint with the CBI in 2003. [2] At the sentencing, the CBI reported that the accused had acquired large properties with the amounts that were defrauded. [2] In October 2004, the Times of India reported Shakir was arrested and released on bail by the Bangalore police in connection with a separate land dispute ...
The Central Bureau of Investigation (CBI) has booked Jay Polychem for a bank fraud of Rs. 1800 crores. [ 6 ] [ 7 ] The CBI issued look-out circulars against the owners of the company. [ 6 ] An audit by Ernst & Young revealed fictitious transactions, syphoning of funds and forgery .
She left the CBI in March 2023 and took up a post at Barclays as a managing director to lead the bank's environmental, social, and corporate governance policy. [6] After the dismissal of Tony Danker in early April 2023 following complaints of misconduct, Newton-Smith was appointed as the CBI's new Director General. [5] [6]
The Directorate General interfaces with the Central Vigilance Commission, the Central Bureau of Investigation, field formations of CBDT who are also having their Vigilance wings and others in all the matters relating to Vigilance, preliminary investigation of complaints, obtaining CVC/CVO's first stage advice, wherever required, assistance to ...