Pnb Fraud
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Know how Nirav Modi converted black money into white
News | Feb 20, 2018, 12:55 PM IST -
PNB fraud: Who facilitated Mehul Choksi's escape, Congress asks govt
National | Feb 20, 2018, 08:41 AM ISTThe Congress also questioned PM Modi's silence on Amit Shah's son's company allegedly registering a profit 16,000 times the investment, Rafael fighter jets deal, death of Judge BH Loya, and ONGC stake in West Block of KG Basin.
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PNB fraud: Nirav Modi’s lawyer says his client is not an absconder, talks that he is running away are wrong
Business | Feb 20, 2018, 08:27 AM ISTIn a chat with India TV, Vijay Aggarwal said that Nirav Modi had gone abroad for his business dealings when the entire PNB mess cropped out. He said that Modi is not evading the laws and that he doesn't want to become an offender.
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PNB fraud: Will honour all ‘bonafide commitments’ under LoUs, says bank
Business | Feb 20, 2018, 06:57 AM ISTThe PNB’s notice assumes significance as it comes in the backdrop of the RBI’s clarification that it has not directed the bank to meet its commitments under the LoUs to other banks.
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PNB fraud: News about banks taking hit of $3 billion false, says FinMin
Business | Feb 20, 2018, 06:32 AM ISTThe clarification comes amid reports that banks could take a hit of more than $3 billion from loans and corporate guarantees provided to jewellery designer Nirav Modi and Gitanjali Group of Companies.
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PNB closed all options to recover dues by going public: Nirav Modi in letter to bank
Business | Feb 20, 2018, 07:08 AM ISTThe letter also refers to the extended discussions between him, and between his representatives and the bank officers and also his emails on February 13 and 15, 2018.
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Nirav Modi illegally diverted SEZ diamonds worth Rs 1,216cr to domestic market: I-T dept
Business | Feb 20, 2018, 06:31 AM ISTThe Income Tax department has found that in the last financial year the Nirav Modi group had illegally diverted Rs 1,216 crore of diamonds meant for export from its special economic zone to the domestic market, selling them in cash.
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PNB fraud: Bank official illegally accessed Level-5 SWIFT password, shared it with Nirav Modi's firm
Business | Feb 19, 2018, 06:57 PM ISTShetty also informed the investigators that he shared the password with other individuals, essentially employees, as well as directors of Nirav Modi’s company.
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PNB MD Sunil Mehta, FinMin officials appear before CVC in Nirav Modi fraud case
Business | Feb 19, 2018, 04:16 PM ISTAfter a major crackdown by Enforcement Directorate (ED), CBI and I-T Department, the CVC had last week summoned the PNB management and Finance Ministry officials to appear before it on Monday.
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PNB fraud: Ex-manager Gokulnath Shetty reportedly shared bank password with Nirav Modi's employees
News | Feb 20, 2018, 03:53 PM IST -
PM orders finance, law ministries to take strict actions in PNB-Nirav Modi fraud case: Sources
Business | Feb 19, 2018, 04:18 PM ISTThe development is important because last week Minister of State for Finance Shiv Pratap Shukla had told reporters that the Ministry of Finance was working with the Prime Minister's Office (PMO) to resolve the case.
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PNB fraud: CBI quizzes chief financial officer of Nirav Modi's company
World | Feb 19, 2018, 11:56 AM ISTThe CBI yesterday started an intensive search operation at the Brady road branch of PNB in Mumbai, which is at the centre of a colossal banking fraud involving billionaire jewellers Nirav Modi and Mehul Choksi.
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PNB fraud: CBI seals bank’s Brady House branch in Mumbai, questions Nirav Modi's staffer
Business | Feb 19, 2018, 10:40 AM ISTOn Sunday, the CBI had questioned 11 PNB bank officials as well as Vipul Ambani, the Chief Financing Officer of diamond merchant Nirav Modi's Firestar International company.
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Rotomac Pen promoter Vikram Kothari denies fleeing country amid allegations of Rs 800 cr bank fraud
Business | Feb 19, 2018, 11:02 AM ISTVikram Kothari, however, on Sunday evening issued a statement saying he was very much in Kanpur and had met with the banks and the matter is pending with a tribunal.
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ED conducts raids at multiple locations for PNB fraud case
News | Feb 20, 2018, 03:56 PM IST -
PNB fraud: CBI questions 11 bank officials, Nirav Modi's staffer
Business | Feb 19, 2018, 10:40 AM ISTOn Sunday, the CBI also conducted searches at PNB's Brady House branch in Mumbai, which will continue today.
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'Stop behaving as if you're guilty, speak up': Rahul Gandhi attacks PM Modi, Jaitley over PNB scam
National | Feb 18, 2018, 01:14 PM ISTReferring to 'Pariksha Pe Charcha' event, recently addressed by the prime minister, Gandhi said, "PM Modi tells kids how to pass exams for 2 hours, but won't speak for 2 minutes on the 22,000 Cr banking scam"
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PNB fraud: Assocham calls for privatising Public Sector Banks
Business | Feb 18, 2018, 10:57 AM ISTThe industry body said PSB senior managements spend bulk of their time "receiving and implementing directions from the bureaucrats even for innocuous issues."
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PNB fraud: Income-Tax Department attaches 9 bank accounts of Mehul Choksi, Gitanjali Gems
India | Feb 17, 2018, 11:30 PM ISTThe department issued orders for provisional attachment of these accounts in various bank branches in Mumbai under the provisions of the Income Tax Act, 1961. There are around Rs 80 lakh in these accounts, official sources said.
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After PNB, City Union Bank hit by fraud
Business | Feb 17, 2018, 11:20 PM ISTIn the complaint, PNB had named three diamond firms -- Diamonds R Us, Solar Exports and Stellar Diamonds -- saying they had approached it on January 16 with a request for buyers credit for making payment to overseas suppliers.