Mumbai: Fino Payments Bank has appointed KPMG to investigate complaints of a fraud in the company.
The bank said it has received complaints from a client in Mumbai as well as several merchants, distributors, and individuals in Gujarat and Maharashtra. The complaints, conveyed via email, revolve around allegations of non-receipt or repayment of funds connected to potentially fictitious schemes purportedly initiated by certain Bank employees in their personal capacity.
We also published the following articles recently
The bank said it has received complaints from a client in Mumbai as well as several merchants, distributors, and individuals in Gujarat and Maharashtra. The complaints, conveyed via email, revolve around allegations of non-receipt or repayment of funds connected to potentially fictitious schemes purportedly initiated by certain Bank employees in their personal capacity.
We also published the following articles recently
Task fraud bust: 6 held for providing bank a/cs, SIMs
The city police in Vadodara, India, have arrested six individuals involved in a cybercrime case where a man lost Rs 21.97 lakh. The accused facilitated the fraud by opening bank accounts using personal details of people they knew and providing connections for the registered phone numbers. The investigation led to the involvement of finance agents, banking agents, and contractors. The police discovered that several complaints had been made about the fraudulent bank accounts on the National Cyber Crime Reporting Portal. The accused will undergo further investigation.
The city police in Vadodara, India, have arrested six individuals involved in a cybercrime case where a man lost Rs 21.97 lakh. The accused facilitated the fraud by opening bank accounts using personal details of people they knew and providing connections for the registered phone numbers. The investigation led to the involvement of finance agents, banking agents, and contractors. The police discovered that several complaints had been made about the fraudulent bank accounts on the National Cyber Crime Reporting Portal. The accused will undergo further investigation.
4 jail inmates get pre-arrest bail in bank fraud cases
Four individuals who are currently in jail for cheating and defrauding a nationalized bank of Rs 152 crore have been granted anticipatory bail by a special judge in Panchkula. The accused are directors and promoters of SRS real estate company. Two other partners also received anticipatory bail. The defense argued that the accused had been cooperating with the investigations and were never arrested by the CBI. The accused had taken loans from Canara Bank which were not repaid, leading to scrutiny of the loan application and disbursals.
Four individuals who are currently in jail for cheating and defrauding a nationalized bank of Rs 152 crore have been granted anticipatory bail by a special judge in Panchkula. The accused are directors and promoters of SRS real estate company. Two other partners also received anticipatory bail. The defense argued that the accused had been cooperating with the investigations and were never arrested by the CBI. The accused had taken loans from Canara Bank which were not repaid, leading to scrutiny of the loan application and disbursals.
4 jail inmates get pre-arrest bail in bank fraud cases
Four individuals, including directors and promoters of SRS real estate company, have been granted anticipatory bail by a special judge in a cheating and fraud case involving a nationalised bank. The accused, who have been cooperating with investigations for the past three years, were never arrested by the CBI. The bail application was supported by rulings from the Bombay High Court. The accused had taken loans worth Rs 152 crore from Canara Bank, which came under scrutiny due to default on repayment and documentation issues.
Four individuals, including directors and promoters of SRS real estate company, have been granted anticipatory bail by a special judge in a cheating and fraud case involving a nationalised bank. The accused, who have been cooperating with investigations for the past three years, were never arrested by the CBI. The bail application was supported by rulings from the Bombay High Court. The accused had taken loans worth Rs 152 crore from Canara Bank, which came under scrutiny due to default on repayment and documentation issues.
