ED arrests alleged 'middleman' in NSIC fraud case

Nov 18, 2021

New Delhi [India], November 18 : The Enforcement Directorate (ED) has arrested an alleged 'middleman and main beneficiary' in a case related to loss...

Rajasthan approves automated e-Stamping for bank guarantees

Nov 11, 2022

Automated e-Stamping with SWIFT India makes the stamp duty payment process 'paperless' for businesses and is a critical step in facilitating digitalisation of bank...

TRAI recommends rationalization of entry fees, bank guarantees

Sep 19, 2023

Entry fees are one-time payments that new entrants must make to access the market, while bank guarantees act as financial safeguards to ensure licensees...

Surety Bond: A Game-Changer for Indian EPC Companies and the Construction Industry

Nov 29, 2024

New Delhi [India], November 29: In India's rapidly growing construction and infrastructure landscape, securing contractual obligations is paramount. Traditionally, bank guarantees have served as...

Bank frauds case: Accused sentenced to rigorous imprisonment of 1 year, 23 days

Dec 12, 2024

The accused Yogender Prasad was found guilty of conspiring to prepare bogus and forged bank guarantees in favour of government entities.

ED raids residences of former NSIC, UBI officers in Rs 173 crore bank fraud case

Dec 09, 2021

New Delhi [India], December 9 : A search operation was carried out by the Enforcement Directorate (ED) at residences of officers of National Small...