Pnb Fraud Case
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PNB fraud case: Interpol panel to decide next month India's pending Red Corner Notice against Mehul Choksi
Business | Sep 07, 2018, 02:12 PM ISTThe RCN request was put on hold by the Interpol after a representation by Choksi during which he had alleged that the cases against him were a result of political conspiracy.
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PNB Fraud: Antigua Govt refuses to extradite Mehul Choksi, say sources
Business | Aug 14, 2018, 12:22 PM ISTAntigua and Barbuda Prime Minister Gaston Browne had earlier claimed that at the time Choksi took the citizenship last year there was no case pending against him.
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PNB fraud: 'Never gave clean chit report on Mehul Choksi to Antiguan authorities', clarifies SEBI
India | Aug 05, 2018, 05:26 PM ISTLast week, an Antiguan media report quoted the Caribbean country's Citizenship by Investment Unit (CIU) as saying that Choksi was granted citizenship there last year after a background check on him got 'no adverse report' from Indian authorities, including police, passport office and SEBI.
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PNB fraud: CBI sends fugitive diamantaire Mehul Choksi’s extradition request to government
India | Aug 03, 2018, 09:35 PM ISTThe CBI move comes amidst media reports that Indian agencies told the the Caribbean nation that there was no adverse information against Mehul Choksi when it did a background check on the fugitive billionaire before granting him citizenship in 2017.
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Govt tightens noose around Mehul Choksi, asks Antiguan authorities to detain, restrict his movement: Reports
India | Jul 30, 2018, 01:00 PM ISTThe government also told the Antiguan authorities to prevent Choksi's movement from land, air or sea.
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PNB Scam: Mehul Choksi not in US, Interpol Washington tells India
Business | Jul 16, 2018, 05:49 PM ISTDiamantaire Nirav Modi's uncle was reportedly seeking asylum in the US. Based on this information Indian authorities had sought Washington's help in his extradition.
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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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PNB fraud: ED files its first chargesheet against Nirav Modi, associates
Business | May 24, 2018, 06:18 PM ISTThe ED charge sheet focuses on the money laundering aspect and the role of Nirav Modi and others in perpetrating the alleged fraud, a senior official said.
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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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President Kovind signs ordinance to confiscate properties of fugitive economic offenders
India | Apr 22, 2018, 10:53 AM ISTThe Fugitive Economic Offenders Bill was introduced in the Lok Sabha on March 12, but could not be taken up for discussion and passage due to the logjam in Parliament over various issues.
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ICICI-led consortium of banks gave Rs 5,280 crore loan to Mehul Choksi, CBI launches probe
Business | Apr 11, 2018, 07:26 PM ISTThe probe is reportedly a part of the existing FIR filed against Choksi and his Gitanjali Group but different from the Rs 14,700 crore Punjab National Bank (PNB) fraud case.
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Nirav Modi fraud is bank's issue; won't seek government support: PNB chief
Business | Apr 09, 2018, 09:11 PM ISTNirav Modi and his uncle Mehul Choksi, in connivance with certain bank officials, allegedly cheated PNB of over Rs 13,000 crore through fraudulent Letters of Undertaking (LoUs).
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PNB fraud case: ED seizes assets worth Rs 26 crore from Nirav Modi's Mumbai residence
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PNB fraud case: ED seizes jewellery, watches and paintings worth Rs 26cr from Nirav Modi's residence
India | Mar 24, 2018, 03:29 PM ISTOfficials said the Enforcement Directorate along with the CBI launched fresh searches on March 22 at the Samudra Mahal luxury residential flats of Modi in Mumbai's Worli area which resulted in the recovery of fresh valuables.
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PNB fraud amount reaches Rs 13,580 as CBI informs court of fresh FIR against Geetanjali Group
Business | Mar 14, 2018, 09:03 AM ISTThe PNB, the country's second-biggest state-run lender, filed a supplementary complaint to the CBI on March 4 against Gitanjali Gems Ltd, Gill India Ltd, Nakshatra Brand Ltd and Asmi Jewellery India Ltd for the additional fraud amount.
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Lok Sabha proceedings washed out for entire week amid protests over various issues
World | Mar 09, 2018, 01:24 PM ISTOpposition Congress and TMC were up in arms against the government over the Rs 12,700 crore fraud at country's second largest PSU lender PNB and continued with their vociferous protests in the House.
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Rajya Sabha stalled over PNB scam, Andhra special status; proceedings adjourned till 2.30 pm
India | Mar 09, 2018, 11:55 AM ISTTDP MPs and Congress member KVP Ramachandra Rao held posters demanding special status to Andhra Pradesh to make up for the deficit arising from carving out of Telangana.
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PNB-Nirav Modi scam: Bank says fraud amount could be Rs 12,700 cr
Business | Feb 27, 2018, 11:25 AM ISTIn a filing to the BSE late last night, the bank said the amount of unauthorised transactions could go up by more than Rs 1,300 crore.
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PNB fraud: ED summons bank MD; Nirav Modi, wife skip summons
Business | Feb 26, 2018, 11:06 PM ISTThe ED today also examined the state-owned bank's Executive Director K V Brahmaji Rao to understanding how the alleged fraud was detected and other banking procedures.