CBI carried out searches at seven locations across Chandigarh and Panchkula as part of a fraud probe involving IDFC First Bank and AU Small Finance Bank. The case, handed over by the Haryana government, investigates allegations that bank officials allegedly conspired with public servants to misappropriate government funds. Authorities claim the wrongdoing was routed through jewelry showrooms and private entities, widening the inquiry into how credit and payments were potentially manipulated.
CBI has arrested fugitive Kamlesh Parekh after his extradition from the UAE to India in connection with a decade-old bank fraud case worth Rs 2,672 crore. Parekh is accused in the Shree Ganesh Jewellery House case and had been facing CBI charges. Authorities say the arrest marks a major breakthrough after years of efforts to bring him back.
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A Rs 7.31 crore gold loan fraud has surfaced at a Canara Bank branch in Jalna, Maharashtra. Police say ornaments linked to gold loan accounts were stolen and replaced with counterfeit jewellery. Two people have been arrested so far, while the probe continues to check whether a wider network was involved beyond the suspects already taken into custody.
Homebuyers across NCR say subvention schemes have turned into debt traps: builders allegedly abandon projects while banks pursue repayments. With more than 1,200 petitions filed, the Supreme Court is now examining whether a wider, allegedly fraudulent loan arrangement is driving the crisis—pushing the issue beyond individual disputes toward systemic wrongdoing.
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