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  ‘PNB scam began with demonetisation’: Rahul launches blistering attack on PM Modi

  Politics | February 17, 2018 21:00 IST

  Rahul Gandhi said that the scam began with the decision to scrap Rs 500 and Rs 1,000 currency notes from the economy on November 8, 2016.

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  PNB fraud: BJP alleges involvement of Singhvi's kin, raises questions over Rahul attending Nirav Modi event

  Politics | February 17, 2018 18:13 IST

  The BJP fielded Defence Minister Nirmala Sitharaman to counter the Congress charge that the scam took place in 2017 under the Modi government when the letters of understanding were signed by the Punjab National Bank in favour of Nirav Modi.

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  PNB fraud case: CBI arrests key accused Gokulnath Shetty, 2 others from Mumbai

  India | February 17, 2018 14:17 IST

  This arrest comes a day after Punjab National Bank's retired deputy manager Shetty and operator were named in the second FIR of CBI along with 10 directors of three private firms.

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  PNB fraud case: Exclusive details on how Mehul Choksi siphoned off Rs 4886 crore in 60 days

  India | February 17, 2018 12:26 IST

  As per the Central Bureau of Investigation, 143 LoUs were fraudulently issued to three Mumbai-based private companies of Nirav Modi's associate Choksi -- Gitanjali Gems, Nakshatra and Gili -- during the period 2017-18.

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  More trouble for Nirav Modi; I-T attaches 29 properties, 105 bank accounts

  Business | February 16, 2018 23:43 IST

  In further trouble for beleaguered jewellery designer Nirav Modi, the Income Tax Department today provisionally attached 29 properties and 105 bank accounts of the diamond merchant, his family and firms as part of its tax evasion probe.

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  CBI registers fresh FIR against Mehul Choksi

  India | February 16, 2018 23:10 IST

  The CBI has alleged in the FIR that accused bank officials Shetty and Kharat in connivance with accused companies and others defrauded PNB to the tune of Rs 4,886.70 crore, the CBI spokesperson said.

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  RBI denies asking PNB to honour LoUs by paying other lenders

  Business | February 16, 2018 23:07 IST

  The Reserve Bank warned of "appropriate supervisory action", saying it is assessing the control systems at Punjab National Bank (PNB).

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  PNB fraud: Scam took place during UPA regime, claims former Allahabad Bank director

  Business | February 16, 2018 23:39 IST

  The official, identified as Dinesh Dubey – former Allahabad bank director, claimed that he was forced to resign from post due to pressure from the then Finance Secretary for trying to expose the scam.

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  PNB fraud: ED seizure goes up to Rs 5,649 cr; Nirav Modi, Mehul Choksi summoned

  Business | February 16, 2018 21:43 IST

  ED 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 | February 16, 2018 20:35 IST

  The 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 | February 16, 2018 20:32 IST

  Rajnish 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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  VIP bank customers looting the country: Mamata Banerjee

  Business | February 16, 2018 20:08 IST

  Banerjee, who was interacting with officials in Jhargram district, said banks should extend cooperation to poor farmers, SHG members and small entrepreneurs to make them self-reliant and boost development.

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  PNB fraud: No information over Nirav Modi’s whereabouts, says MEA

  India | February 16, 2018 23:54 IST

  Earlier 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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  We will get back to normal within six months: PNB chief

  Business | February 16, 2018 18:33 IST

  Sunil 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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  Among 17 banks, Allahabad Bank has highest exposure of Rs 2000 crore through PNB’s LoUs: Reports

  Business | February 16, 2018 17:34 IST

  Besides 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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  Modi Govt's alertness brought PNB-Nirav Modi fraud into light: Javadekar

  Politics | February 16, 2018 20:19 IST

  Addressing the media here, Union Minister Prakash Javadekar said that the government's alertness brought the fraud into light.

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  Who is Nirav Modi, what is PNB scam of Rs 11,400 cr and how the bank fraud busted: Key Highlights

  India | February 21, 2018 17:24 IST

  Nirav, who was 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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  Sensex sinks 287 points to end at 34,010; PNB shares fall for third day

  Business | February 16, 2018 16:59 IST

  Shares 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 | February 16, 2018 16:53 IST

  The 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 | February 16, 2018 16:45 IST

  Modi 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.