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ED summons Anil Ambani in a massive money laundering case involving fake bank guarantees, Rs.6,500 cr in diverted loans, and Rs.10,000 cr in alleged financial irregularities linked to Reliance Group firms

Bank loan frauds: ED summons Anil Ambani for questioning on Aug 5

Team PGurus - August 1, 2025

Subodh Kumar Goel, ex-CMD of UCO bank was arrested in this case on May 16th for playing a substantial role in sanction of loans of more than Rs.1460 cr to CSPL which later turned into NPA

ED chargesheets ex-UCO Bank CMD Goel. Attaches Rs.106-cr assets

ED conducted raids at over 35 locations in Mumbai and Delhi linked to a Rs.3,000 crore loan fraud involving Yes Bank and Anil Ambani Group firms

ED raids in Rs.3,000-cr bank loan ‘fraud’ against Anil Ambani group companies. Raids at 35 places

For Indian users especially, who heavily depend on UPI for day-to-day transactions, this step provides newfound ease and access in global commerce

UPI goes global: Indian users can now pay internationally via PayPal

The move comes as RCom is currently under the corporate insolvency resolution process as per the Insolvency and Bankruptcy Code

SBI to declare Anil Ambani’s RCom loan as ‘fraud’; to report case to RBI

The CBI has filed an FIR for criminal conspiracy, cheating, forgery, and misconduct by bank officials under IPC/BNS and the Prevention of Corruption Act

CBI unearths over 8.5 lakh mule accounts in 700 bank branches...

Team PGurus - June 26, 2025 0

According to police, Gupta redirected funds from these accounts into stock market investments, which eventually led to substantial financial losses

ICICI Bank fraud: 41 victims, Rs.4.58 crore stolen, lost in stock...

PGurus Newsdesk - June 6, 2025 1

Surge driven by reclassification of 122 past cases per SC ruling; digital and loan frauds dominate

Banking frauds triple in FY25, public sector banks face highest losses

Team PGurus - May 29, 2025 3

Former Chief Economic Advisor Subramanian used his official position to pressure the Union Bank to purchase his book in large quantities

Union Bank probes lapses in procurement of Subramanian’s book costing Rs.7.25...

Team PGurus - May 6, 2025 1

Mule accounts are used by fraudsters to move illegal funds through the banking system

Indian Banks Association seeks power to freeze accounts in illicit transaction...

Team PGurus - April 13, 2025 1

This marks the fourth such technical disruption within a single month, raising concerns about the resilience of India’s leading digital payment system

Nationwide UPI outage disrupts digital payments across major platforms

PGurus Newsdesk - April 12, 2025 2

Mallya cited the Finance Ministry's 2024–25 report to claim banks recovered Rs.14,131.8 crore—over twice the Rs.6,203 crore awarded by the Debt Recovery Tribunal

Indian banks recovered over Rs.14,000 crore, twice what he owed, claims...

Team PGurus - April 7, 2025 2

The complaint was filed by Indian Overseas Bank against Truedom EPC Limited. Notably, Minister Nehru’s brother, N Ravichandran, is a director in the firm

ED raids Tamil Nadu Minister K N Nehru’s premises in bank...

PGurus Newsdesk - April 7, 2025 1

Chartered accountants' apex body ICAI may review the financial statements of IndusInd Bank, which is grappling with discrepancies in accounting estimated to be Rs.2,100 crore

RBI directs IndusInd to complete remedial action this month; assures customers...

Team PGurus - March 15, 2025 0

New PF withdrawal card aims to enable ATM-based fund access

EPFO to introduce ATM withdrawals for Provident Fund savings starting January...

PGurus Newsdesk - December 12, 2024 0

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