Rs.100 crore fraud in Syndicate Bank, ED attaches property worth Rs.5 crore

- Advertisement -

The Enforcement Directorate (ED) has attached properties worth Rs 5 crore belonging to accused persons in the Rs 100-crore Syndicate Bank fraud case.

According to a press release by the ED, a complaint was filed last month before a special court against Vijay Akkash and 18 others in the Syndicate Bank fraud case, and the court had taken cognizance of the same on April 1. The Central Crime Branch had investigated and charge-sheeted the case.

The scam involved closing fixed deposits worth Rs 100 crore belonging to the Karnataka State Agricultural Marketing Board using fake/fabricated documents of KSAMB, such as board resolution, ID card, letterhead, etc., and transferring the same to fake current accounts opened for perpetrating the fraud, as per the ED’s release.

- Advertisement -

Share this article...

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News...

Latest

Rs.7000 crore Bitcoin Ponzi Scam, ED seizes property of Raj Kundra

Rs.7000 crore Bitcoin Ponzi Scam, ED seizes property of Raj Kundra

Rs.26 lakh Bank Fraud in Mumbai

Rs.26 lakh Bank Fraud in Mumbai

Woman arrested in Brazil for using dead man to sign loan in Bank

Woman arrested in Brazil for using dead man to sign loan

Election Training Video, Know how to use EVM, VVPAT and conduct Elections

Election Training Video, Know how to use EVM, VVPAT and conduct Elections

17 million dollar Bank Fraud in US

17 million dollar Bank Fraud in US

Royal Bank of Scotland closes 18 Branches as customers are using more Online Banking

Royal Bank of Scotland closes 18 Branches as customers are using more Online Banking

Micro Observer Election Duties and Format PDF

Micro Observer Election Duties and Format PDF

Bank Cashier fight with customer over cash withdrawal in Mirzapur

Bank Cashier fight with customer over cash withdrawal in Mirzapur

12th BPS Update: Bank Unions held Discussions on remaining issues with IBA

12th BPS Update: Bank Unions held Discussions on remaining issues with IBA

Bank Employees beaten by Loan customer in Uttar Pradesh

Bank Employees beaten by Loan customer in Uttar Pradesh

Latest News