Banking Ripoffs

 Banking Frauds Essay




• AYESHA KHAN - doze


• RACHNA RAUT - twenty-four

• SONIA PAL- forty


Project report submitted to:

Ms. Darshana Ma'am


|SR. NO |TOPIC | |1. |Introduction to Bank | |2. |Introduction to fraudulence | |3. |Introduction to Bank Scam | |4. |Types of Frauds | |5. |Preventions | |6. |Case Examine | |7. |Conclusion | |8. |References


Traditional bank is an institution pertaining to lending. Credit, exchanging, giving or shielding money. a bank can be a financial organization exactly where people deposit their cash to keep it secure.

According to the bank regulation work of 1949, defines " a company which will transacts the organization of banking in India. ”

Beneath section 5(b)banks as " accepting when it comes to lending of investment of deposits of money from the community repayable on demand or perhaps other wise and revulsion by cheques, draft, other or otherwise. ”

A bank provides convenient payment and withdrawal center to its customers by means of cheques and drafts, additionally, it brings financial institution money in blood circulation. this funds is in the type of cheques, breezes, etc . a bank supplies various banking facilities to its consumers. they consist of general utility services and agency companies. a financial institution acts as a connecting link between borrowers and lenders involving. banks acquire money by those who have excess money and give the same to prospects who may need money.


Fraud is a deliberate misrepresentation which in turn causes another person to suffer damages, usually budgetary losses. A lot of people consider the act of lying to get fraudulent, but in a legal feeling lying is only one small element of genuine fraud. Various fraud circumstances involve complicated financial ventures conducted simply by 'white training collar criminals', business professionals with specialized expertise and criminal intent. Fraudulence is a crime, and also a detrimental law violation. A great unscrupulous expense broker may possibly present consumers with a way to purchase stocks in precious metal repositories. Fraud is not easily proven in a court of law. Laws relating to fraud may vary from state to state, however in general many different conditions has to be met. Several employees of a giant company might sell a product or offer a service with out personal familiarity with a deception. The bank account representative who sold a fraudulent insurance plan on behalf of a great unscrupulous workplace may not possess known the policy was bogus in the time the sale....



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