ED attaches asset worth Rs 70 lakh in bank fraud implicating Hyderabad-based Jasleen Enterprises
New Delhi [India], March 28 (ANI): The Directorate of Enforcement (ED) has attached an immovable property valued at Rs 70 lakh in a bank fraud case involving Jasleen Enterprises headquartered in Hyderabad. The Hyderabad division of the ED attached the fixed asset in accordance with the stipulations outlined in the Prevention of Money Laundering Act (PMLA) of 2002. ED initiated investigation on the basis of First Informati.....»»
ED attaches immovable assets worth Rs 4.81 crore of four individuals in J-K bank fraud case
New Delhi [India], March 11 (ANI): The Enforcement Directorate (ED) has provisionally attached immovable properties worth Rs 4.81 crore of four individuals, including two jewellers and two engaged in tours and travels service, in Jammu and Kashmir linked to a bank fraud case. The attached properties are in the form of 18 Kanal of land and building which pertains to Isfaq Ahmad Zargar of Nikha Ornaments (12.5 marla), Khali.....»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
Maharashtra signs MoUs of over Rs 4 lakh crore at World Economic Forum, says CM Shinde
Davos [Switzerland], January 17 (ANI): Maharashtra Chief Minister Eknath Shinde on Wednesday said that the state has signed MoUs of more than Rs 4 lakh crore, i.e., around 46 billion, here on the sidelines of the World Economic Forum Annual Meeting. Speaking to ANI, CM Shinde said, "People are excited to invest in Maharashtra. Including today and yesterday, various MoUs were signed. We expected around 3 lakh crores, but M.....»»
Maharashtra signs MoUs of over Rs 4 lakh crore at World Economic Forum, says CM Shinde
Davos [Switzerland], January 17 (ANI): Maharashtra Chief Minister Eknath Shinde on Wednesday said that the state has signed MoUs of more than Rs 4 lakh crore, i.e., around 46 billion, here on the sidelines of the World Economic Forum Annual Meeting. Speaking to ANI, CM Shinde said, "People are excited to invest in Maharashtra. Including today and yesterday, various MoUs were signed. We expected around 3 lakh crores, but M.....»»
45 crore Jan Dhan accounts have accumulated Rs 2.1 lakh crore: Anurag Thakur
New Delhi [India], February 17 (ANI): Union Minister Anurag Thakur on Friday inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank and asserted that under the Jan Dhan scheme around 45 crore bank accounts have been opened. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price. Reca.....»»
45 crore Jan Dhan accounts have accumulated Rs 2.1 lakh crore: Anurag Thakur
New Delhi [India], February 17 (ANI): Union Minister Anurag Thakur on Friday inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank and asserted that under the Jan Dhan scheme around 45 crore bank accounts have been opened. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price. Reca.....»»
Retired SC Justice Carpio on ChaCha: “it’s a fraud … we have to oppose this”
DAVAO CITY (MindaNews / 26 February) – The aim of those who want to change the 1987 Constitution is political rather than economic and this “fraud” must be exposed in various fora and in campuses, retired Supreme Court Senior Associate Justice Antonio Carpio said on Sunday. “It’s a fraud. That’s why we have to oppose […].....»»
Rs 4.94 lakh crore DRDO-developed weapon systems in Indian defence forces, says DRDO chief
By Ajit DubeyNew Delhi [India], January 25 (ANI): Defence Research and Development Organisation chairman, Dr Samir V Kamat on Thursday said that nearly Rs 4.94 lakh crores worth of DRDO-developed products have either been inducted or have received the Acceptance of Necessity (AoN) from the Defence Acquisition Council (DAC). In an interview with ANI, the chief of DRDO said that over 60 per cent to 70 per cent of the induct.....»»
Rs 4.94 lakh crore DRDO-developed weapon systems in Indian defence forces, says DRDO chief
By Ajit DubeyNew Delhi [India], January 25 (ANI): Defence Research and Development Organisation chairman, Dr Samir V Kamat on Thursday said that nearly Rs 4.94 lakh crores worth of DRDO-developed products have either been inducted or have received the Acceptance of Necessity (AoN) from the Defence Acquisition Council (DAC). In an interview with ANI, the chief of DRDO said that over 60 per cent to 70 per cent of the induct.....»»
Metrobank earns record P42.2 billion in 2023
Metropolitan Bank & Trust Co. posted record-high earnings of P42.2 billion in 2023, driven by asset expansion, higher margins, improving efficiency levels and better asset quality......»»
Euromoney recognizes Metrobank as Best Bank for Ultra High-Net-Worth Filipinos
Metropolitan Bank & Trust Co. (Metrobank) remains the preferred bank for affluent Filipinos as it receives the Best Bank for Ultra High-Net-Worth (UHNW) award at the Euromoney Global Private Banking Awards 2024......»»
ED attaches assets under PMLA in Kamla Landmarc case
Mumbai (Maharashtra) [India], February 29 (ANI): The Directorate of Enforcement (ED), Mumbai, has issued two provisional attachment orders under the provisions of Prevention of Money Laundering Act (PMLA), 2002, attaching assets worth Rs. 48.67 crore of Jitendra Jain, Director in various partnership firms and private companies owned by Kamala Landmarc Group of companies and assets worth Rs. 15.29 Crore of Parvath Shetty,.....»»
ED attaches assets under PMLA in Kamla Landmarc case
Mumbai (Maharashtra) [India], February 29 (ANI): The Directorate of Enforcement (ED), Mumbai, has issued two provisional attachment orders under the provisions of Prevention of Money Laundering Act (PMLA), 2002, attaching assets worth Rs. 48.67 crore of Jitendra Jain, Director in various partnership firms and private companies owned by Kamala Landmarc Group of companies and assets worth Rs. 15.29 Crore of Parvath Shetty,.....»»
Maharashtra signed MoUs of over Rs 4 lakh crore at World Economic Forum, says CM Shinde
By Ravi KhandelwalDavos [Switzerland], January 17 (ANI): Maharashtra Chief Minister Eknath Shinde on Wednesday said that the state has signed MoUs of more than Rs 4 lakh crore, i.e., around 46 billion, here on the sidelines of the World Economic Forum Annual Meeting. Speaking to ANI, CM Shinde said, "People are excited to invest in Maharashtra. Including today and yesterday, various MoUs were signed. We expected around 3.....»»
Maharashtra signed MoUs of over Rs 4 lakh crore at World Economic Forum, says CM Shinde
By Ravi KhandelwalDavos [Switzerland], January 17 (ANI): Maharashtra Chief Minister Eknath Shinde on Wednesday said that the state has signed MoUs of more than Rs 4 lakh crore, i.e., around 46 billion, here on the sidelines of the World Economic Forum Annual Meeting. Speaking to ANI, CM Shinde said, "People are excited to invest in Maharashtra. Including today and yesterday, various MoUs were signed. We expected around 3.....»»
ADB approves USD 100 mln loan to support small and medium-sized enterprises in Sri Lanka
Manila [Philippines], March 19 (ANI): The Asian Development Bank (ADB) has approved a USD 100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. SMEs play a critical role in Sri Lanka's economy, contributing 52 per cent to the country's gross domestic product and employ 45 per c.....»»
DoubleDragon bolstering asset portfolio
DoubleDragon Corp., the property developer chaired by Edgar “Injap” Sia II and Tony Tan Caktiong, is bolstering its asset portfolio this year as the company looks to sustain its momentum after profit grew by nearly a quarter last year......»»
Indian banking sector continues to improve with better asset quality, high credit growth: Survey
New Delhi [India], March 21 (ANI): The health of the Indian banking sector continues to improve with better asset quality and high credit growth, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) showed. The eighteenth round of the survey was carried out for the period July to December 2023. Those banks that were surveyed together represent about 77 per cent of the banking i.....»»
DPWH to fund P5.385B worth of projects in Lapu-Lapu in 2025
LAPU-LAPU CITY, Cebu — The Department of Public Works and Highways (DPWH) will fund P5.385 billion worth of projects for Lapu-Lapu City in 2025. These projects were submitted to Mayor Junard “Ahong” Chan during its City Development Council (CDC) meeting. The amount has four components, which consist of the Asset Preservation Program, National Road Network.....»»
American wanted for fraud falls
An American fugitive wanted for fraud was arrested in Cebu on April 3 while attempting to apply for a permanent resident visa, the Bureau of Immigration reported yesterday......»»