Pnb Fraud
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PNB fraud: ED seizure goes up to Rs 5,649 cr; Nirav Modi, Mehul Choksi summoned
Business | Feb 16, 2018, 09:43 PM ISTED expanded its probe from 17 to 35 locations across various cities, as it asked Modi's designer jewellery chain headquarters in Mumbai to issue a sales embargo for its overseas stores.
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Nirav Modi case: Independent valuation of seized articles begins
Business | Feb 16, 2018, 08:35 PM ISTThe development comes as raids are being conducted in at least 20 locations related to the Gitanjali group of companies, promoted by Nirav Modi's maternal uncle and business partner Mehul Choksi, in six cities and five states.
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SBI has no direct exposure to jeweller Nirav Modi: Chairman
Business | Feb 16, 2018, 08:32 PM ISTRajnish Kumar also pointed out that the SBI has "a small exposure to Gitanjali Gems", owned by the uncle of Nirav Modi, Mehul Choksi, "but it is not a point of worry".
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'Biggest bank loot': Congress attacks PM Modi over PNB fraud case
National | Feb 16, 2018, 08:22 PM ISTThe party asked why the government was silent on the issue and how did it and the agencies permit billionaire diamond merchant Nirav Modi, his uncle Mehul Choksi and others to leave India.
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PNB fraud: No information over Nirav Modi’s whereabouts, says MEA
India | Feb 16, 2018, 11:54 PM ISTEarlier today, the MEA had suspended with immediate effect the passports of Nirav Modi and his business partner Mehul Choksi for four weeks.
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Opinion | Rajat Sharma on why people's trust in PNB lies in shambles
Feb 16, 2018, 06:50 PM ISTIn public life, dignitaries and politicians get their photographs taken with thousands of people, and it is next to impossible for any dignitary to check the credentials of each and every individual.
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We will get back to normal within six months: PNB chief
Business | Feb 16, 2018, 06:33 PM ISTSunil Mehta, Managing Director and Chief Executive Officer of Punjab National Bank said the bank "will not spare anyone" involved in the crime.
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PNB-Nirav Modi bank fraud case: What happened so far
India | Feb 16, 2018, 05:35 PM ISTThe passport issuing authority of the Ministry of External Affairs (MEA) has also suspended validity of passports of Nirav Modi and his business partner Mehul Choksi for a period of four weeks.
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Among 17 banks, Allahabad Bank has highest exposure of Rs 2000 crore through PNB’s LoUs: Reports
Business | Feb 16, 2018, 05:34 PM ISTBesides Allahabad Bank, names of 16 banks including SBI, Union Bank of India and Axis Bank have also featured in the list banks that offered credit on PNB's LoUs. Among them, the Allahabad Bank has the largest exposure.
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Sensex sinks 287 points to end at 34,010; PNB shares fall for third day
Business | Feb 16, 2018, 04:59 PM ISTShares of Punjab National Bank continued to reel under selling pressure for the third consecutive day after the detection of a massive Rs 11,400-crore fraud. It ended lower by 2.10 per cent.
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PNB fraud: CBI registers FIR against Gitanjali Group of companies
Business | Feb 16, 2018, 04:53 PM ISTThe PNB had filed the complaint on February 13 in the Rs 11,515 crore ($1.8 billion) fraudulent transactions.
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PNB fraud: ED raids continue; Nirav Modi, Mehul Choksi summoned
Business | Feb 16, 2018, 04:45 PM ISTModi and Choksi, who are believed to have fled the country in the first week of January, have been summoned under the Prevention of Money Laundering Act (PMLA) and asked to appear before the agency within a week's time.
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PNB fraud: RBI asks bank to honour LoUs, pay other lenders
Business | Feb 16, 2018, 04:36 PM ISTBy paying the other banks, reports said, only the balance sheet of PNB will suffer and thus others will not have to make provisions. As many as 30 banks discounted the bills based on PNB’s LoUs.
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PNB fraud: MEA suspends passports of Nirav Modi, Choksi for 4 weeks
India | Feb 16, 2018, 07:27 PM ISTNirav, who is alleged to have carried out fraudulent transactions worth over Rs 11,400 crore in Punjab National Bank, had left the country on January 1, while his uncle and business partner Mehul Choksi, left on January 4.
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PNB fraud: Government suspends Nirav Modi, Mehul Choksi's passports
News | Feb 16, 2018, 02:55 PM IST -
PNB fraud: CBI conducts searches at 20 premises across 5 states
India | Feb 16, 2018, 04:40 PM ISTThe searches by the agency span across six cities in five states, in connection with the fraud involving Nirav Modi, Mehul Choksi and other family members.
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8 more PNB employees suspended; Interpol's diffusion notice issued to Nirav Modi, family
India | Feb 16, 2018, 04:40 PM ISTThe count of suspended Punjab National Bank employees has risen to 18 with the suspension of 8 more employees.
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PNB fraud: ED raids Nirav Modi's office and showroom
News | Feb 16, 2018, 02:55 PM IST -
PNB fraud: All you need to know about Nirav Modi
News | Feb 16, 2018, 02:55 PM IST -
PNB fraud: ED attaches diamond, jewellery, gold, other assets linked to Nirav Modi
News | Feb 16, 2018, 02:56 PM IST