https://www.taxtmi.com/news?id=21657 The government established measures to curb bank frauds by mandating examination of NPA accounts exceeding Rs. 50 crore for possible fraud, requiring certified passport copies of promoters, directors and authorised signatories for large loans, empowering bank heads to request Look Out Circulars and to publish photographs of wilful defaulters, and deploying the Fugitive Economic Offenders Act to permit attachment and confiscation of property and disentitlement from defending civil claims for offenders evading Indian jurisdiction. en-us Tue, 09 Jul 2019 18:08:14 +0530 Tue, 09 Jul 2019 18:08:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21657 The government established measures to curb bank frauds by mandating examination of NPA accounts exceeding Rs. 50 crore for possible fraud, requiring certified passport copies of promoters, directors and authorised signatories for large loans, empowering bank heads to request Look Out Circulars and to publish photographs of wilful defaulters, and deploying the Fugitive Economic Offenders Act to permit attachment and confiscation of property and disentitlement from defending civil claims for offenders evading Indian jurisdiction. News - Tue, 09 Jul 2019 18:08:14 +0530 https://www.taxtmi.com/news?id=21657