Pnb Fraud
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Nirav Modi's unheard truth in secret file
News | Feb 24, 2018, 10:27 PM IST -
PNB fraud: CBI quizzes bank MD Sunil Mehta, Executive Director KV Brahmaji Rao
News | Feb 24, 2018, 10:39 PM IST -
PNB fraud: CBI grills bank MD Sunil Mehta, Executive Director KV Brahmaji Rao; ED seizes Nirav Modi’s assets worth Rs 523 crore
Business | Feb 24, 2018, 11:51 PM ISTAccording to the CBI, top PNB officials were called at the agency's Mumbai branch and were questioned for over 7 hours.
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PNB fraud: 'Passports of Nirav Modi, Mehul Choksi revoked'
India | Feb 24, 2018, 06:36 PM ISTReacting to the development, Nirav Modi's lawyer Vijay Agarwal said that government agencies are acting contrary to each other.
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Virat Kohli continues to be brand ambassador of PNB, clarifies scam-hit bank
Business | Feb 24, 2018, 02:45 PM ISTThe bank also said that media reports saying Reserve Bank of India and government asking PNB to make payment of the fraudulent amount to other banks is also incorrect.
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PM Modi 'most expensive watchman' in the world, says Congress
Business | Feb 24, 2018, 02:38 PM ISTReferring to the banking frauds by diamond jeweller Nirav Modi (worth Rs 11,300 crore) and others (Rotomac loan default worth over Rs 3,000 crore) as "actual" losses, Sibal said: "Why is he (Prime Minister) silent now?"
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PNB fraud case: Employees conniving with fraudsters worrisome, regulators should keep 'third eye' open: Jaitley
India | Feb 24, 2018, 11:54 PM ISTSpeaking on the scam for the second time this week, he said employees conniving with fraudsters is worrisome. Also worrisome is that no red flag was raised. Regulators should have a "third eye" open to detect and check such frauds.
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PNB scam: Haven't done anything wrong, truth shall prevail, says Mehul Choksi
Business | Feb 24, 2018, 12:50 PM IST"I will face my destiny and I know I have done nothing wrong and ultimately the truth shall prevail," Choksi said in a letter to his employees, released by his lawyer Sanjay Abbot.
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Government taking strict action against financial irregularities, says PM Modi
Business | Feb 23, 2018, 10:50 PM ISTWithout naming either the alleged kingpin of the fraud, Nirav Modi, or PNB, PM said the management of financial institutions, auditors and regulators should perform their duty with full dedication.
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PNB fraud: Didn’t consider bid of PwC for forensic audit, says bank
Business | Feb 23, 2018, 11:01 PM ISTFinding Price Waterhouse guilty in the multi-crore Satyam scam, Securities and Exchange Board of India (Sebi) in January had barred its network entities from issuing audit certificates to any listed company in India for two years.
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PNB fraud: Only 1,415 employees transferred, clarifies scam-hit bank
Business | Feb 23, 2018, 09:22 PM ISTIt further added that the working of the branches is "going on smoothly" and the transfers are in no way affecting the customer service of the bank.
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'RBI Governor should quit after PNB fraud'
Business | Feb 23, 2018, 07:51 PM ISTAccording to AIBEA General secretary, the fraud-hit Brady branch of PNB is a Category A foreign exchange bank branch and the RBI failed to monitor it resulting in the massive scam/fraud.
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PNB fraud perpetrators will be brought to book: Nitin Gadkari
National | Feb 23, 2018, 06:07 PM ISTNitin Gadkari's assertion comes in the backdrop of speculation that he may be sent back to Maharashtra as Chief Minister, replacing incumbent Devendra Fadnavis.
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PNB fraud: ED freezes Nirav Modi's bank deposits, shares worth Rs 44 crore
News | Feb 23, 2018, 06:37 PM IST -
PNB fraud: ED freezes Nirav Modi's bank deposits, shares worth Rs 44 crore along with imported watches
India | Feb 23, 2018, 12:43 PM ISTThe central probe agency today also froze shares of Rs 13.86 crore value from a company belonging to Nirav Modi, alongwith 176 steel almirahs and 60 plastic containers containing imported watches.
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Data breach hits 10,000 PNB credit, debit card customers, says report
Business | Feb 22, 2018, 10:53 PM ISTSome 10,000 credit or debit card holders have been affected by a data breach reported by PNB, which is already reeling under a multi-crore rupee financial fraud by two fugitive luxury jewellers.
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After PNB fraud, RBI asks banks to link swift system to core banking
News | Feb 22, 2018, 01:43 PM IST -
PNB fraud: ED seizes 9 luxury cars of Nirav Modi; freezes shares & mutual funds
News | Feb 22, 2018, 11:41 AM IST -
Mehul Choksi of Gitanjali Gems defaulted on Rs 121 crore loan to Jammu & Kashmir Bank: Reports
Business | Feb 22, 2018, 09:25 AM ISTThe J&K Bank had in third quarter ending December 31, 2017 reported a net profit of Rs 72.47 crore. However, the Srinagar-based bank’s net NPAs narrowed to Rs 2,487.6 crore in the quarter as against Rs 2,699.14 crore a year earlier.
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Rs 11,400 crore PNB fraud case: Absconding billionaire Nirav Modi is in Belgium, say sources
India | Feb 22, 2018, 09:53 AM ISTSources also told India TV that Nirav’s maternal uncle and his business partner Mehul Choksi is in Dubai. He is staying in Emirates Hills -- a gated community located in Dubai.