calendar_todayThursday, 27 August 2026
Fraud Briefing
A curated intelligence snapshot of fraud incidents, regulatory actions, and emerging threat patterns detected in the past 24 hours across India's BFSI sector.
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Regulatory and Compliance
2 itemsThe Enforcement Directorate, Gurugram, conducted PMLA search operations at seven residential and business premises of Vatika Limited and its promoter-directors across Delhi-NCR, seizing three luxury vehicles, jewellery, and freezing bank accounts and securities worth approximately Rs 33 crore.
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Entity InvolvedVatika Limited (real estate group, Delhi-NCR); promoter-directors Rajendra Kumar Chaudhary and associates
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New Fraud Typologies and Scams
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Institutional Impact
1 itemState Bank of India suffered a loss of approximately Rs 160.55 crore from fraudulent loan diversion by Bilpower Limited. The company held banking arrangements with SBI since 2005, including cash credit, working capital term loan, FITL, corporate loan, and non-fund-based facilities.
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ImpactED has frozen bank accounts worth Rs 27 lakh, three lockers, and seized physical assets tied to the fraud.