Banking Frauds

BCom grad dupes retailers of lakhs of rupees by exploiting 'schedule payment' option in RTGS

July 25, 2024

BCom grad dupes retailers of lakhs of rupees by exploiting 'schedule payment' option in RTGS

E G Abhishek (23), a resident of Aroli in Kannur's Pappinisseri, was arrested Tuesday evening.

July 24, 2024
Highrich scam: Court extends custody of promoter, says no evidence to prove his innocence

According to the ED, the Highrich promoters paid their depositors Rs 1,422.16 crore of the Rs 1,673.10 crore raised, and the remaining Rs 250 crore was siphoned off.
July 19, 2024
Karadka co-op society fraud: 3 booked for extorting Rs 3.5 lakh in the name of cops

The fraud, reported to police in May, was allegedly committed by Ratheeshan K (38), the secretary of the society.
July 18, 2024
Iriveri co-op bank fraud: Cong claims accused close to top CPM leader, demands ED probe

The Kannur DCC has alleged that people close to M V Jayarajan were involved in the fraud.
July 02, 2024
Infopark-based bizman loses Rs 6cr to online trading fraud; Rs 20 cr loss in four cases

The DCP said some officials of certain private banks outside the state have been colluding with the fraudsters.
June 28, 2024
Karuvannur bank fraud: ED names CPM accused in case, seizes party assets

ED confiscated assets worth Rs 29 crore, including that of CPM and other individuals involved in the case, Manorama News reported.
May 23, 2024
How a bank official used his school buddies to siphon off Rs 6 crore from Dena

Balakrishnan Nair, who was a senior accountant at the Kollam branch of Dena Bank, will serve seven-year rigorous imprisonment for the fraud.

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