Tag: , , , ,

'PNB's $1.8 bn fraud is failure of various audits, RBI inspection'

‘PNB’s $1.8 bn fraud is failure of various audits, RBI inspection’

The $1.8 billion fraud at the government-owned Punjab National Bank (PNB) shows the failure of various kinds of audits in the bank, including the RBI’s inspection, said a senior chartered accountant. According to him, the Reserve Bank of India has to carry out a deep investigation, forensic audit of the accounts involved in the alleged

Chit Fund Company

Fraud case slapped against Chit Fund Company

A fraud gang was busted by Punjab State Crime Branch Inspector Kulwant Singh who arrested eight accused. Another fraud case was slapped against Chit Fund Company. Fraud of worth Rs. 1500 Crore has been done. Gang was doing fraud on the name of Crown Credit Chit Fund Company. Many people have been duped by the

Cash strapped Punjab Govt distributes old age pension to the dead

On one hand, the Punjab government is struggling with financial constraints, on the other hand, more than 65000 dead are being given old age pension. Rs 500 are given every month in the form of old age pension in the state. From the fraud, the government has so far lost Rs 50 crore. This fraud

Father and son booked for making fraud of Rs. 1 crore 16 lakh

Subhash Kakkar Ferozepur, October 27, 2017 : – City Ferozepur Police booked a person and his son U/S 420/465/467/471/120B IPC for making fraud grabbing money worth Rs. 1 crore and 16 lakhs with the connivance of the officials of the municipality Ferozepur.As per information mentioned in the FIR No. 326 dated 27-10-2017 the accused Gurwinder Singh

VB arrests three for Rs 4.35 crore fraud with JIT

Kusum Arora , Jalandhar, September 13:-VB arrests. Four years after it was exposed, the Vigilance Bureau (VB) officials have arrested three persons for committing Rs 4.35 crore fraud in connivance with Jalandhar Improvement Trust (JIT) officials. The three persons impersonated as farmers with fake names, documents and bank accounts to claim compensation for land acquired

Bank manager arrested by for Rs 62-lakh fraud

Bank manager arrested Rupee 62 lakh fraud mansa. The Sardulgarh police have arrested a former relationship manager of a private bank for a fraud of Rs 62.70 lakh. A case was registered with the Mansa police in 2016.Gurmeet Singh of Sadhuwala village of Mansa district had applied for a loan in HDFC Bank in 2014.

NRI marriages

Fraudulent NRI marriages on the rise in Punjab

Fraudulent NRI marriages on the rise in Punjab. Police have arrested a man who used to take NRI as a victim of betraying girls in Punjab and marry and have sexual relations with them. The alleged traffic agent, who had taken four marriages to take a foreign trip after being taken abroad, was arrested from

Unauthorized travel agents, Ielts centers & ticketing agents put on notice

Unauthorized travel agents, Ielts centers & ticketing agents put on notice. Deputy Commissioner, Diprava Lakra, had conducted a raid on the unauthorized travel agents, Ielts centers and ticketing agents. He said that that on the directions of Punjab government, the checking of unauthorized travel agents, Ielts center and ticketing agents was conducted in Bathinda city.

China’s ‘Elevated Bus’ Turned Out To Be A Scam

Last year, China unveiled the model prototype of a straddling bus that could solve the nation’s traffic congestion. Chinas Elevated Bus.The Transit Explore Bus, that could accommodate 1,400 people at a time, has now turned out to be a scam which the Chinese authorities are investigating.The officials are now looking into the fundraising techniques of

Education department gets cheated, did teacher’s job for 7 years

Moga: In a fake passport case, the Delhi Police has imposed a fine of Rs 15,000 on the under-trial conviction after Moga police has registered a case against the government school Glauti has registered fraud case against Teacher.Police Kot Isse Khan’s ASI Mukhinder Singh said that in a written complaint to the SSP of Moga

Youth cheated on providing job at baba farid university

Youth cheated on providing job at baba farid university

Youth cheated providing job baba farid university. Few people in the village of Maqqi were made a victim of cheating. In which around two and a half lakhs cash were taken from them.The money was taken in the name of getting jobs in Baba Farid University. The police has registered a case against three persons

Youth of Punjab bundled between unauthorised IELTS and study centres

Faridkot: In the present time, the urge to go abroad in the youth is increasing day by day. With the aim of taking advantage of this ambition, the IELTS and study Centres are being opened in large numbers throughout the Punjab. The common man remains entangled in their dazzle and does not understand that which

To avoid fraud, know which of the authorized travel agents of Ludhiana?

District Administration lists the list of authorized travel agents on the website to avoid fraud. Advice to check the list when applying for those wishing to go abroad. Strict action will be taken against unregistered / unauthorized travel agents- Deputy Commissioner. The District Administration has listed the list of registered travel agents on the website

Industrialist held for `10 crore fraud

Ludhiana: The division number 5 police have arrested a city based industrialist for 10 crore fraud on Wednesday. The local court has issued non bailable warrants against the accused. The accused identified as Gurvinder Singh Chabbra of Model town was arrested from bhai Bala Chowk. According to police, Chabbra has taken ten crore loan from Religare

Cong’s claim of ‘debt waive’ another ‘fraud’ with farmers: SAD

Ruling Shiromani Akali Dal (SAD) in Punjab on Monday described the Congress’ claim of “waiving debt” after coming to power as “another fraud with farmers of the state.”“The recent ploy of Congress to allure the farmers with their loan waiver scheme will be another fraud by the party with the innocent farmers of the state,”

Gurgaon builder booked for Rs 9-crore fraud

Gurgaon: Senior officials of Empathy Infrastructure & Engineering Private Limited and a few others have been booked on charges of cheating and fraud involving Rs 9 crore, the city police said on Wednesday. A case under the Indian Penal Code (IPC) sections relevant to hatching of conspiracy, cheating, fraud, and preparing and using fake papers

Five booked for committing fraud

Ludhiana: Following the recommendation of District Transport Officer (DTO), the city police have slapped fraud case against five persons for allegedly obtaining duplicate registration copies (RCs) of vehicles instead of paying fine for traffic violation. The original RCs of the vehicles of the accused were seized by the traffic police for different traffic violations but instead

Restaurant owner Kawalpreet Singh alias Minta booked for fraud

Ludhiana: The owner of city’s leading restaurant chain namely Basant Resorts, Kawalpreet Singh alias Minta has been booked for allegedly fraud on the pretext of getting Rs.6.20 lakh for arranging admission in sacred Heart Convent School. The accused also give fake receipts of the school to the complainant. Following an inquiry, a case has been registered

Man arrested for Job deceive in Amritsar

Amritsar:  The accused Gurjeet Singh was arrested for deceiving money from Jagbir singh in Amritsar. Jagbir Singh, who gave Rs 2.22 lakh to Gurjeet singh to get job in Shiromani Commity. Police have started the further investigation on

Nursing college principal & accountant booked for fraud

Ludhiana: Sigma Nursing College, Principal and accountant have been booked on the charges of cheating by Shimlapuri police here on Sunday.A case under Sections 420 and 120-B of the IPC has been registered against the accused. They are accused of duping 22 students of the college for Rs.14.30 lakh and threatening them. The students also alleged