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Use technology to prevent diversion of funds, CVC tells banks

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Use technology to prevent diversion of funds, CVC tells banks

The Central Vigilance Committee (CVC) has asked banks to use technology, especially artificial intelligence (AI), to create profiles and understand the lifestyle of borrowers in order to identify any transfers of funds at a later stage in the future, people familiar with the matter said. The highest security agency believes that a large number of high-value frauds occur not only because of the disregard of the lending system and procedures, but also because the banks have failed to monitor the use of loans.

“Banks are required to use artificial intelligence to track usage in order to send red flags and transfer funds in the event of any abnormalities in loan account operations. Thorough analysis is required, especially when overseas branches report large transfers,” one Said an official who asked not to be named. An investigation into high-value fraud cases reported in the past five or six years found that the defendant used public funds to buy bungalows, jets, helicopters, yachts, jewelry, high-end cars and real estate abroad, otherwise the money should have been used for loans.

The business activity mentioned. Vijay Mallya owns a luxury private jet and yachts, including one of the largest yachts in the world, a villa in Goa. According to reports, he organizes parties there, except in Britain, France and the United States, and the bank has been waiting for him to return the money.

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He owed the Bank of India 900 billion rupees. Similarly, Nirav Modi (Nirav Modi) used bank funds for properties, such as Worli’s sea-facing apartment, a Rolls Royce worth 5 crore, an art collection worth billions of rupees, an apartment in New York And other countries (except for high-profile press conferences) for his brand. Mehul Choksi also transferred his money to the United States and Antigua and Barbuda, where he currently lives as a citizen. Nirav Modi and Choksi were accused of defrauding Punjab National Bank for 13,578 crore.

A second-class official stated that the bank’s failure to monitor and analyze these activities may help to alert on fraud at an early stage. One of the issues that CVC noticed when processing/approving loans was that the same official was appointed to different financial/sanction committees. “Another outstanding issue that CVC has noticed is that in the case of joint/multiple financing, the delays in fraud declarations by banks are considerable.

This not only allows the borrower to deceive the banking system to a large extent, but also gives him a considerable amount of time. Time erases the trace of money,” said the first official mentioned above. CVC has advised banks to “prioritize fraud prevention at all levels through the use of technology and careful inquiry. Even after lodged a complaint with the Central Bureau of Investigation and other agencies, it also asked them to continue to pursue loans.

News Source : Hindustan Times

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Mira Rajput admits getting married to Shahid Kapoor at 20 felt ‘isolating’: My friends and I evolved separately

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Mira Rajput admits getting married to Shahid Kapoor at 20 felt ‘isolating’: My friends and I evolved separately

During the interaction, when Mira was asked how she and her friendships evolved after marriage, she said, “I think we (Mira and her friends) did evolve separately. I’d like to admit that it was quite isolating because we were just in different phases of life at that time. You get to different phases in life, and you look at your friends… I wish I could do what she’s doing.”

When Bollywood actor Shahid Kapoor married Mira Rajput in 2015, the union drew immense public interest. Mira, a Delhi-based graduate from Lady Shri Ram College and not from the film industry, entered the limelight overnight. What followed was a remarkable personal and professional transformation—from a private citizen to a well-known figure.

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A Private Wedding, A Public Life

Shahid Kapoor and Mira Rajput’s marriage was a relatively intimate affair, held in Delhi in July 2015. The couple, despite a significant age difference and Mira’s non-filmy background, quickly became one of the most talked-about pairs in Bollywood. While Shahid continued his flourishing film career, Mira largely stayed away from the media, focusing instead on family.

In 2016, the couple welcomed their first child, Misha Kapoor, followed by Zain Kapoor in 2018. Mira took on motherhood with grace and used her platform to share parenting tips, in the lifestyle and wellness space. Today, she stands out not just as a celebrity spouse and from homemaker to entrepreneur is a compelling to narrative mother of two, but also as a co-founder of a successful skincare brand. wellness routines.

Embracing Wellness and Clean Beauty

Over time, Mira became known for her interest in natural skincare, clean eating, and Ayurvedic living. She often posted about homemade remedies, the importance of clean ingredients, and mindful parenting. This personal passion began to evolve into something more purposeful and healthy living habits gradually building a loyal following on social.

In 2023, Mira Rajput Kapoor co-founded a skincare company focused on clean, plant-based, and toxin-free products, especially tailored for the Indian climate and skin types. The brand, which she promotes actively on her social media platforms, emphasizes sustainability, cruelty-free testing, and transparency in formulation media life The company was born out of.

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Balancing Family and Business

Despite being married to one of Bollywood’s leading actors, Mira has carved out a space for herself that isn’t dependent on her husband’s stardom. She is often seen at product launches, panel discussions on wellness, and brand campaigns that align with her personal values Mira’s desire to create skincare that she could trust as a mother and advocate for as a conscious consumer. In interviews, she has shared that becoming a mother drastically changed her.

Her day-to-day life remains rooted in family. Mira frequently shares moments with Misha and Zain, talking about school routines, parenting philosophies, and the challenges of raising Mira proves that one doesn’t need to be an actor to make a mark in the public eye. Her journey children in the digital age. She credits Shahid for being a supportive partner, especially as she transitioned from full-time mother to businesswoman priorities, leading her to seek healthier.

Redefining the Celebrity Spouse Role

Mira Rajput Kapoor represents a new generation of celebrity spouses in India—educated, opinionated, and independent. She has turned her platform into something meaningful, using it to raise awareness about clean beauty, holistic health, and modern motherhood. Unlike many who fade into the background after marrying into stardom, Mira consistently chosen. As her skincare brand grows and her voice becomes increasingly influential in wellness circles.

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