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Mallya's extradition case verdict on Dec 10

Thursday, September 13, 2018, 11:47 AM

London's Westminster Magistrates' Court will pronounce the verdict in the extradition case of liquor baron Vijay Mallya on December 10. India wants to extradite Mallya, an alleged financial offender, from the United Kingdom to face charges of money laundering and bank fraud, amounting to Rs.9,000 crore. Earlier, Mallya said that he is making an effort to repay loans but banks are not supporting him.
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E-transaction rip-off value up by over 350%

Monday, August 6, 2018, 12:38 PM

Amid the big push towards digital transaction ever since demonetisation happened, it would be sobering to note that the case count of e-transaction frauds involving more than Rs 1 lakh jumped by over 100% and the value of the loss by over 350% in just two years. Most of cases were registered in a few states like Maharashtra, Haryana, Delhi, Tamil Nadu and Karnataka.
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Better to reject loan than running after defaulters: Madras High-Court

Friday, June 29, 2018, 10:45 AM

In significant observations amid bank fraud cases rocking the country, the Madras High Court said. Justice S Vaidyanathan made the observation in his order rejecting a petition by an aspiring nursing student seeking a direction to the State Bank of India for sanctioning her an education loan after the bank denied it on the ground that her father was a defaulter.

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