Bitcoin Forum
October 21, 2018, 02:00:25 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2] 3 4 5 6 7 8 »  All
  Print  
Author Topic: 5904 banks frauds in 3 months in India  (Read 1921 times)
First77
Member
**
Offline Offline

Activity: 266
Merit: 32


View Profile
June 16, 2018, 01:07:11 PM
 #21

It's ironic that these banks doesn't want to recognize bitcoin due to its bad reputation towards scam/illegal activities and yet here they are, putting their investors money from their hand to frauds. What a waste! They don't see the reality that it isn't about the currency (fiat/crypto) , it's about the people who uses it.

Think, what will happen if Bitcoin/cryptocurrencies is legalized in India when a billionaire scams a bank among top 5 banks
1540130425
Hero Member
*
Offline Offline

Posts: 1540130425

View Profile Personal Message (Offline)

Ignore
1540130425
Reply with quote  #2

1540130425
Report to moderator
1540130425
Hero Member
*
Offline Offline

Posts: 1540130425

View Profile Personal Message (Offline)

Ignore
1540130425
Reply with quote  #2

1540130425
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1Referee
Legendary
*
Online Online

Activity: 1666
Merit: 1205


View Profile
June 16, 2018, 01:21:16 PM
 #22

What a waste! They don't see the reality that it isn't about the currency (fiat/crypto) , it's about the people who uses it.

They know what's going on, but they just don't care because they have to continue running their criminal empire in the way they have been doing it for decades. Bitcoin is a disturbing factor because it grants people an alternative option, which is something people didn't really have before. Banks want to drag you further down by showering you as average person in debt.

All they care about is that you continuously are filling up their pockets, and that's exactly what has been happening.

Banks are amongst the worst criminals ever and they don't ever try to better themselves, because why would they? This system allows them to do it. They keep gambling on financial markets with people's assets, and when the book billions in profits they privatize them, and when they book billions in losses, they socialize all the losses where the average person ends up paying for their actions.

taiwww
Sr. Member
****
Offline Offline

Activity: 532
Merit: 257


View Profile
June 16, 2018, 02:09:05 PM
 #23

That might seems huge amount for us but in perspective of whole country it is really not much amount. However it will does affect the bank economic sphere for sure because it is huge amount in that much sphere. PNB will have to repay ex share to the reserves as that amount has been confiscated forever now and may not be obtained by the bank itself. They might cease the Nirav Modi's assets in India but that surely wont be enough. As whole I dont see any effect of this on the country's economy at all. I mean there would have been some sort of loan over India taken from another country which they failed to payback then that could have been worst case scenario.

   

██████████████     ████████████    █████          ███              ██████              █████           ███          ████████▀    ████████▀    ███        ███
█████████████       ▄██████████▄    ███  ██        ███             ███████             ███  ██         ███        ███                 ███                  ███       ███
█████                               ████            ███   ██       ███            ███     ███           ███   ██        ███        ███                 ███                    ███   ███
████                                 ████            ███    ██      ███           ███        ███          ███    ██      ███        ███                 ███▀▀▀▀▀▀          ██████
█████████████▄             ████            ███     ██     ███         ████████████        ███     ██     ███        ███                 ███▀▀▀▀▀▀          ██████ 
███                                   ████            ███       ██   ███        ███               ███      ███       ██   ███        ███                 ███                     ███   ███
███                                   ████            ███        ██  ███      ███                   ███    ███        ██  ███        ███                 ███                    ███      ███
███                           ▄██████████▄    ███          █████    ███                       ███  ███          █████         ████████▄   ████████▄       ███         ███
███       

.EXCHANGE MADE SIMPLE.
                                                                                                   
           
                                                                                                 

|
The Next Generation Exchange
WhitePaper ⋄❖⋄ Telegram ⋄❖⋄ Facebook ⋄❖⋄ Twitter
Medium ⋄❖⋄ Youtube ⋄❖⋄ Linkedin ⋄❖⋄ Reddit
|
PUBLIC ICO COUNTDOWN
.═⟹  ICO WEBSITE  ⟸═.
[/c
Harribel03
Newbie
*
Offline Offline

Activity: 99
Merit: 0


View Profile
June 16, 2018, 02:33:25 PM
 #24

What happens to India? I thought that this country has good citizens. In fact, when I read the history about India, it is a country where we can find warm hearted people because of their beliefs. As of now, I am just currently scammed by an Indian Project also and all I can say that some Indians, destroy the goodness of their countrymen. Almost 6K banks are fraud in India, well it is quiet unrelated in cryptocurrency but the worst here is that, we should take care of our money because even banks, they are untrustworthy.
RamonBTC
Full Member
***
Offline Offline

Activity: 322
Merit: 106


View Profile
June 16, 2018, 03:16:07 PM
 #25

There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18

The biggest bank fraud is Punjab National Bank (PNB) and billionaire Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.

How is this for economics ??

Thanks for sharing this information now. As I’m doubtful of the motives of bank officials restrictions on cryptocurrency and this is the reason why. They cant even handle this obvious fraud activity what more they can do if scamming using blockchain technology will happen. And they surely want to divert the attention of the public from this multiple frauds and bitcoin is a big excuse, honestly it works.
First77
Member
**
Offline Offline

Activity: 266
Merit: 32


View Profile
June 16, 2018, 04:34:53 PM
 #26

Cristiano Ronaldo 'accepts a two-year suspended prison sentence and £16 million fine for tax evasion'

Neha Dhupia Reception: Neha Dhupia, Angad Bedi to THROW lavish party for Bollywood Friends FilmiBeatInside big celeb weddings Cristiano Ronaldo has accepted a £16million fine and a two-year suspended prison sentence for tax evasion in Spain - local media report.Ronaldo was accused by Spanish prosecutors in June last year of defrauding tax authorities of €14.8million (£13million.)

Ronaldo, often described as the 'best player in the world', originally denied the charges when they were brought against him last summer.The striker admitted a total of four tax offences on Friday after prosecutors agreed to significantly reduce the amount he was required to pay back from €14.7million to €5.7million.

https://www.msn.com/en-in/sports/football
DMCR lah
Newbie
*
Offline Offline

Activity: 112
Merit: 0


View Profile
June 16, 2018, 05:24:29 PM
 #27

Banks have done this a long time for the average working for money, and they just take the results from them. This is very bad for the economy and it causes a very bad investment.
PHPSELLER
Sr. Member
****
Offline Offline

Activity: 328
Merit: 251


ICOForums.net - A Cryptocurrency & ICO Forum


View Profile
June 16, 2018, 05:42:41 PM
 #28

There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18

The biggest bank fraud is Punjab National Bank (PNB) and billionaire Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.

How is this for economics ??
Wow, It's a high amount of fraud banks in India I didn't know that. Of course, it's too bad for the economy if banks did some fraud activities, Furthermore the scammed amount is too high, so it will affect surely the economy there, I don't know why they did that because they work for their own country, It's a shameless thing to do.


                                ████████
                          ██████████████
                      █████████████████
                    ████████████████████
                  ██████████████████████
                ████████████████████████
               █████████████████████████
              ██████████████████████████
             ███████████████████████████
             ███████████████████████████
             ███████████████████████████
              ██████████████████████████
               █████████████████████████
                ████████████████████████
                  ██████████████████████
                    ████████████████████
                      ██████████████████
                         ███████████████
                      ███    ████████
                    ██
                   █
 
|
███
Activity Contest██████Promotion Contest██████ ̅ ̅ ̅ ̅ ̅ \
███
\___████ICO Review Contest███Signature Campaign
||
senne
Hero Member
*****
Offline Offline

Activity: 700
Merit: 506


View Profile
June 16, 2018, 05:51:40 PM
 #29

There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18

The biggest bank fraud is Punjab National Bank (PNB) and billionaire Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.

How is this for economics ??

There is a difference between first 3 months of 2018 and last financial year(12 consecutive months), the creator of this post has exaggerated the facts to make it more attractive. All the details have been revealed in the following tweet:

https://twitter.com/CNBCTV18Live/status/1006473485982449669

Never the less the amount of fraud cases is immensely high and if the country need to develop they need to fix these loopholes asap. This will hit the economy of the country very badly as the pressure from world bank on country rises which creates pressure on the population of the country. The best solution could be to introduce blockchain technology in banks to have an independent system.

Code:
▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄███▀▀   ▀▀███▀▀   ▀▀███▄
▄███    ▄▄   ▀   ▄▄    ███▄

███▌  ▄█████▄ ▄█████▄  ▐███
████  ███████ ███████  ████
████▌ ▐█████████████▌ ▐████
▀███▀  ▀███████████▀  ▀███▀
▀██▄▄▄▄███████████▄▄▄▄██▀
▀█████████████████████▀
▀█████████████████▀
▀▀█████████▀▀
.MOZO.
|.
||
▄▄▀▀▀▀▀▀▀▀▀▀▀▀▄▄
▄▀▀ ▄▄▀▀▀▀ ▄▄ ▀▀▄▄ ▀▀▄
▄▀▀ ▄▀▄ ▄▄▄▀▀▀▄▄ █▀▄▄▀▀▄ ▀▀▄
▄▀ ▄▀▀ █ ▀▀█▀▄  ▐▌█ ▄▄▄▀▀▄▀▀▄ ▀▄
▄▀ ▀▄▄█▄█▀▀▄ ▀▀▀▄█ █▀▄▄▀▄▀▄██▄  ▀▄
▄▀ ▄█▄▄▄▀█▄▀▀▀▄▄▀▄█▀▀▀▄▄▄ ▀▄▄▄▄▀▀▄▀▄
█▄▀▄▄▀▀▄▀ ▄▄▀▀▄▀▀█▀▄▄▀▀█ ▀▀▄▄▄▄▀▀▀██
█▄▀▀█  █▄▀▀▄▄▀▀▄█▀▄▄▄▄▀▀▄█▀▀▄ ▐▌▄  ▀▄█
█▀▀█ ▄█ ▀▀█▄▄▄▀▀      ▀▀▀█▀▀▀▀▄▀▄▀▀▄██
█ ▀▄▀▄ █  ▄▄█ ▀▀▄▀  ▄▀▀▄▀█▀▄▄▀▄█ ▄ ▄ █
█ ▄ ▀▄█ ▄ ▄█ ▀██▀ █ ▀██▀ █ ▄█ █  █ █ █
█ █  ▄ █▄▀▀█     █       █▀▄ █   █ █ █
█ █  █  ▀█▀ █    ▀▄▀   █ █ █ ▀  ▄▀ █ █
█ █ ▀▄  █ ▄█▀▄ ▄▄▄▄▄ ▄▀▄▀█▄▀  ▄▀ █ █
▀▄ █ ▀▄  █ ▀▄▀▄▄ ▀ ▄▄▀▄▀ █▐▌ ▄▀ █ ▄▀
▀▄ █  ▀ ██▀▄▀▄▄▀▀▀▄▄▀  ▐▌█ ▀ ▄▀ ▄▀
▀▄ ▀▄▄  █ ▄▀▄▄▀▄▄▀▄▀▀▄▀▄  ▄▄▀ ▄▀
▀▄▄ ▀▄▄▀▀▀       ▀▀▀ ▄▄▀ ▄▄▀
▀▄▄ ▀▀▄▄▄▄▄▄▄▄▄▄▀▀ ▄▄▀
▀▀▄▄▄▄▄▄▄▄▄▄▄▄▀▀
.
VERSACE
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
& .38,000 STORES. are
accepting MOZO TOKENS

First77
Member
**
Offline Offline

Activity: 266
Merit: 32


View Profile
June 16, 2018, 05:56:02 PM
 #30

There is a difference between first 3 months of 2018 and last financial year(12 consecutive months), the creator of this post has exaggerated the facts to make it more attractive. All the details have been revealed in the following tweet:

Last year, Indian media reported, Indian army carried out military operations across the border. After 2 days, Indian military replied "no military action happened"
redsap
Member
**
Offline Offline

Activity: 252
Merit: 10


View Profile
June 16, 2018, 06:09:53 PM
 #31

Well i think that was the worst economic fraud in the bank economic. The problem is when people are starting seeking return from goverment

AnonBitCoiner
Full Member
***
Offline Offline

Activity: 378
Merit: 106


View Profile
June 16, 2018, 06:28:55 PM
 #32

There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18

The biggest bank fraud is Punjab National Bank (PNB) and billionaire Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.

How is this for economics ??
Yes.It will lead to the worst condition in India economy.The people in India are forced to pay.For this government of india had started the CGST.By this people of India going to pay additional taxes .If any one one from India,I suggest them to inverse in bitcoin instead of holding on useless banks.

   ⚡⚡ PRiVCY ⚡⚡   ▂▃▅▆█ PRiVCY (PRIV) is a new PoW/PoS revolutionary privacy project Best privacy crypto-market! █▆▅▃▂
    Own Your Privacy! ───────────────── WebsiteGithub  |  Bitcointalk  |  Twitter  |  Discord  |  Explorer ─────────────────
   ✯✯✯✯✯                 ✈✈✈[Free Airdrop - Starts 9th June][Tor]✈✈✈ ║───────────║ Wallet Windows  |  macOS  |  Linux
muddy waters
Member
**
Offline Offline

Activity: 280
Merit: 10

JOIN THE NEXT MEGATREND IN CRYPTO!


View Profile
June 16, 2018, 08:03:06 PM
 #33

There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18

The biggest bank fraud is Punjab National Bank (PNB) and billionaire Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.

How is this for economics ??
2 billion dollars is not such a great sum to ruin the economy.
However, the whole trend seems to be threatening - with such a statistics Indian banks can easily lose their reputation.

GoldenLad
Member
**
Offline Offline

Activity: 238
Merit: 12


View Profile
June 16, 2018, 08:30:08 PM
 #34

Well, this is to show us that fraud activities do not only tuns or happens in the bitcoin or cryptocurrency only. I know that if that this event has anything to do with cryptocurrency, particularly bitcoin, the government would have painted it a very bad name  by spread FUD which will cause another major dips in the price of bitcoin. I just hope they don't link this to bitcoin.
carlozharz
Newbie
*
Offline Offline

Activity: 32
Merit: 0


View Profile
June 17, 2018, 06:22:05 AM
 #35

Terrible news, 5904 bank frauds? I am very difficult to believe it, but it is so sad, so bad the banking system in India, they can not provide security guarantee to the customers, it will be very disturbing economy in India, if this is not properly handled, then the customers will not trust the bank anymore.
Olatunjex
Full Member
***
Offline Offline

Activity: 434
Merit: 101


JOIN THE NEXT MEGATREND IN CRYPTO!


View Profile
June 17, 2018, 08:49:53 AM
 #36

There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18

The biggest bank fraud is Punjab National Bank (PNB) and billionaire Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.

How is this for economics ??
Do you mean how will this affect their economy?
This shows how venerable banking system can also be, hacking and fraud is not peculiar only to blockchain technology alone, personally i think government should embrace this technology, provide good atmosphere for it, improve on what is already on ground rather than allowing the media to manipulate it anyhow.

[ DESICO ] A PLATFORM TO ISSUE AND TRADE SECURITY TOKENS
crzy
Full Member
***
Offline Offline

Activity: 406
Merit: 105


View Profile
June 17, 2018, 09:08:46 AM
 #37

There have been 5904 bank frauds in India in first 3 months of 2018. Source CNBC TV18

The biggest bank fraud is Punjab National Bank (PNB) and billionaire Nirav Modi where PNB was scammed of $2,000,000,000 by Nirav Modi.

How is this for economics ??
Yes.It will lead to the worst condition in India economy.The people in India are forced to pay.For this government of india had started the CGST.By this people of India going to pay additional taxes .If any one one from India,I suggest them to inverse in bitcoin instead of holding on useless banks.
Banks should be the first place to protect your money but this kind of situation really makes account holders to panic and not to trust banks anymore. Scammers is everywhere if the banks can protect its own system then there is something wrong on that. Maybe this is the reason why they are trying to ban cryptocurrency on their place, I hope that Indian citizen will be enlightened by this scenario think if you can still afford to lose money because of the negligence of your bank.
detector
Full Member
***
Offline Offline

Activity: 348
Merit: 124

Work Hard and Luck


View Profile
June 17, 2018, 09:13:23 AM
 #38

When bank being fraud , it means that a lot of India's bureaucracy is not professional enough and of course they must responsible with people's money.
When people put their money on the bank, the bank must be verified but if the bank become the fraud , civilian have their right to get their money !
JerryJam
Member
**
Offline Offline

Activity: 224
Merit: 11


View Profile
June 17, 2018, 09:52:15 AM
 #39

Fraud is dangerous not only for the country's economy but also has a negative impact on the Bank's reputation.The fraud was carried out in the interests of several account holders.Other creditors may suffer as a result. Law enforcement authorities still do not know what loss it can bring to other branches.Can law enforcement agencies cancel these transactions?Does the Bank have the funds to cover the losses from these transactions and return this amount?

TRADE, EARN & OWN THE EXCHANGE           M o o n X           [    ●    JOIN ICO   -   S O O N    ●    ]
──────────     WHITEPAPER     FACEBOOK     TWITTER     LINKEDIN     TELEGRAM     CRUNCHBASE     ──────────
►   No Trading or ICO Listing Fees      ►   Superior to Nasdaq & LSE       ►   US$ 29M Raised in 2 Weeks!
First77
Member
**
Offline Offline

Activity: 266
Merit: 32


View Profile
June 17, 2018, 10:07:17 AM
 #40

When bank being fraud , it means that a lot of India's bureaucracy is not professional enough and of course they must responsible with people's money.
When people put their money on the bank, the bank must be verified but if the bank become the fraud , civilian have their right to get their money !

Indian Cricket team captain "Virat kohli" would endorse Punjab national bank

Video of advertisement: https://www.youtube.com and https://www.youtube.com
Pages: « 1 [2] 3 4 5 6 7 8 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!