Tag Archives: nirav modi

Self Loans!… A New Dimension of Bank Frauds

Posted on March 4, 2018 by Vijayashankar Na

After the PNB Fraud in which over Rs 11400 crores are suspected to have been lost came to light, many other frauds are slowly tumbling out the closets of E Banking. Leaving aside the fact that the lenders of different … Continue reading →

Posted in Cyber Law | Tagged ACL, ARBUTUS, Bank frauds, CAAT, computer assisted audit techniques and tols, finacle, IDEA, mehul chokshi, naavi, nirav modi, PNB fraud, SBI fraud | 1 Comment

RBI is making a mistake in the PNB fraud case

Posted on February 15, 2018 by Vijayashankar Na

As expected, media is crying as if Rs 11500 crores have been lost by PNB. Congress as expected is talking as if it is not Nirav Modi who is in question but Mr Narendra Modi himself. Both may be excused … Continue reading →

Posted in Cyber Law | Tagged finacle, fraud, nirav modi, PNB | 1 Comment

PNB Fraud of Rs 11500 crores was waiting to happen.

Posted on February 15, 2018 by Vijayashankar Na

The Rs 11500 crore fraud in India in Punjab National Bank (PNB) was a fraud which was waiting to happen due to the negligence of the Bank and the software developers supporting the Banking operations. It appears that those who … Continue reading →