Pnb Bank Fraud
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PNB scam: Belgium assures India of cooperation in extraditing absconding diamantaire Nirav Modi
India | Jun 26, 2018, 10:14 PM ISTBelgian Ambassador to India Jan Luykx said there is an existing extradition treaty between the two countries.
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PNB Scam: Nirav Modi managed to travel despite Interpol's alert on revocation of passport, says CBI
India | Jun 18, 2018, 07:59 PM ISTThe agency said it had shared the information about the revocation of his passport in the 'diffusion' notice issued through the Interpol on 15 February.
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Bank frauds, cash crunch: MPs ask tough questions to RBI Governor
Business | Jun 12, 2018, 02:37 PM ISTAccording to sources, the panel headed by veteran Congress leader Veerappa Moily sought answers from Patel over bad loans, bank frauds, cash crunch and other issues during the meeting.
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Diamantaire Nirav Modi flees to UK, seeks political asylum: Report
Business | Jun 11, 2018, 10:12 AM ISTNirav Modi and his uncle Mehul Choksi are being investigated by the Enforcement Directorate for allegedly cheating the PNB, the country’s second largest lender, to the tune of more than USD 2 billion.
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Nirav Modi fraud fallout: Moody's downgrades PNB rating to Ba1/NP from Baa3/P-3
Business | May 21, 2018, 02:52 PM ISTThe downgrade also reflects the weak internal controls and processes of the bank, given that the fraudulent transactions were undetected for a number of years.
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PNB fraud: ED summons four absconding members of Nirav Modi's family, US partner
Business | May 19, 2018, 07:29 AM ISTThe ED asked them to depose before the investigating officer of the case in Mumbai over the next few days.
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Parliamentary panel summons RBI Governor Urjit Patel on May 17 over bank scams
Business | Apr 17, 2018, 03:52 PM ISTSources added that former Prime Minister Manmohan Singh, who is a member of the committee, is also likely to attend the May 17 meeting.
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PM Modi snatched Rs 500, Rs 1000 notes from us and put in Nirav Modi's pocket: Rahul Gandhi
National | Apr 17, 2018, 04:22 PM ISTContinuing his tirade against the PM, the Congress leader said that Modi was running away from debate in Parliament over issues like Rafale jet deal with France.
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Hong Kong can accede to India's request to arrest fugitive Indian diamantaire Nirav Modi: China
Business | Apr 09, 2018, 02:58 PM ISTChina today said that Hong Kong can accept India’s request to arrest fugitive billionaire diamantaire Nirav Modi on the basis of local laws and mutual judicial assistance agreements.
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PNB scam: Nirav Modi's firm moves Delhi HC against ED proceedings
India | Mar 06, 2018, 09:53 PM ISTIn its plea, the company sought quashing of seizing of movable properties of Nirav Modi and depositing them with the PNB.
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PM should explain why scamsters 'gained' while the nation faced losses: Kapil Sibal
National | Feb 24, 2018, 02:51 PM IST"Several leaders in the Bharatiya Janata Party have connections with these scamsters, who have left the country," he said.
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PNB fraud case: Enforcement Directorate attaches properties worth Rs 523 crore of Nirav Modi group
Business | Feb 24, 2018, 02:19 PM ISTWhile the agency had earlier seized gems, diamonds, jewellery, shares, bank deposits and costly cars in this case since it registered a criminal case under PMLA on February 14, this is the first major action to seize immovable assets.
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Delhi-based jeweller booked for defrauding Oriental Bank of Commerce for Rs 390 crore
India | Feb 24, 2018, 10:02 AM ISTThis comes days after diamond billionaire Nirav Modi and his relative Gitanjali Group chief Mehul Choksi were booked for allegedly defrauding Punjab National Bank of Rs 11,400 crore.
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PNB fraud case: ED seizes Nirav Modi's 9 luxury cars; freezes shares, mutual funds worth Rs 94 crore
Business | Feb 22, 2018, 12:26 PM ISTThe investigative agency has also frozen mutual funds and shares worth Rs 94.52 crore of Nirav Modi and Mehul Choksi groups.
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Opinion | Rajat Sharma on how Nirav Modi's swindle struck the rich legacy of Punjab National Bank
Feb 22, 2018, 10:18 AM ISTPunjab National Bank was founded by Sardar Dyal Singh Majithia, a well-known philanthropist, real estate and diamond trader of his time.
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Exclusive: Nirav Modi is innocent, he is out of India for business purpose, says lawyer Vijay Aggarwal
Business | Feb 21, 2018, 04:38 PM ISTHe further alleged that the PNB has termed commercial transactions as a fraud.
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Opinion | Rajat Sharma on how PNB scam points towards systemic flaws in public sector banking
Feb 20, 2018, 12:21 PM ISTA handful of officers skimmed Rs 11,400 crore from the bank to favour jeweller Nirav Modi, who alongwith his family, has fled India.
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Permit me to pay salaries to 2,200 employees: 10 things Nirav Modi said in his letter to PNB
Business | Feb 20, 2018, 10:01 AM ISTThe diamond czar said that money went through the bank all these years for the repayments of the advances given by the overseas bank branches under the buyers credit.
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PNB Scam: ED raids over 40 locations across India; CBI quizzes bank and Nirav Modi employees
Business | Feb 19, 2018, 11:36 PM ISTED raided 10 places in Mumbai, six each in Ahmedabad and Bengaluru, four in Chennai, three in Surat, two each in Bihar, Lucknow, Jalandhar and Hyderabad and one in Delhi.
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PNB-Nirav Modi Scam: ED raids 45 locations; 200 shell firms, benami assets under scanner
Business | Feb 18, 2018, 05:36 PM ISTED and the I-T department had zeroed in on about 200 dummy or shell companies in the country and abroad that were being used to route or receive funds as part of the alleged fraud.