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  PNB fraud: RBI asks bank to honour LoUs, pay other lenders

  Business | February 16, 2018 16:36 IST

  By 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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  8 more PNB employees suspended; Interpol's diffusion notice issued to Nirav Modi, family

  India | February 16, 2018 16:40 IST

  The count of suspended Punjab National Bank employees has risen to 18 with the suspension of 8 more employees.

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  PNB fraud: CBI seeks revocation of passports of Nirav Modi, Mehul Choksi

  India | February 16, 2018 16:40 IST

  Nirav Modi, who holds an Indian passport, left India on January 1, while his brother Nishal, a Belgian citizen, departed from the country on same day. However, whether they travelled together has to be probed, they said.

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  PNB fraud: Parliamentary panel seeks report from Finance Ministry

  Business | February 16, 2018 16:37 IST

  The Parliamentary Standing Committee on Finance today asked the ministry officials including Secretary Financial Services Rajiv Kumar that how can the tax payers' money be used for recapitalising the bank which is not well managed.

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  PNB hands over to CBI list of 150 fraudulent LoUs issued to Nirav Modi

  Business | February 16, 2018 16:37 IST

  Nirav Modi, a regular on the lists of rich and famous Indians since 2013, was booked by the CBI, along with wife, brother and business partner Choksi on January 31, for allegedly cheating the state-run Punjab National Bank to the tune of Rs 280 crore

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  Financial services secretary updates Arun Jaitley on PNB fraud

  Business | February 16, 2018 16:37 IST

  PNB has detected a USD 1.77 billion (about Rs 11,400 crore) scam where billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking (LoUs) from a branch in Mumbai to secure overseas credit from other Indian lenders.

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  PNB fraud: Have pics of Congress leaders with Mehul Choksi, Ravi Shankar Prasad hits out

  Politics | February 16, 2018 16:38 IST

  Ravi Shankar Prasad said no loans have been given in Modi govt's tenure which can become NPAs and the loan to Nirav Modi was given during the tenure of UPA

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  PNB fraud: ED attaches assets worth Rs 6,400 crore linked to billionaire diamond dealer Nirav Modi

  Business | February 16, 2018 16:37 IST

  According to ED, the valuation of seized diamond, jewellery and gold is said to be Rs 5,100 crore whereas other assets are valued at Rs 1,300 core.

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  No one involved in PNB fraud case will be spared: BJP

  Politics | February 16, 2018 16:39 IST

  Union minister Ravi Shankar Prasad also clarified that Nirav Modi was not part of the delegation to Davos led by Prime Minister Narendra Modi and had reached there on his own.

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  ED team raids Nirav Modi's showrooms, offices in Mumbai, Delhi, Surat

  News | February 20, 2018 16:25 IST

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  Kurukshetra: Govt will take all possible steps against PNB scam accused

  News | February 20, 2018 16:24 IST

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  BJP slams Congress for describing PNB scam accused Nirav Modi as 'Chota Modi'

  Politics | February 15, 2018 18:16 IST

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  PNB fraud: Nobody will be spared, says Finance Ministry

  Business | February 16, 2018 16:38 IST

  PNB has detected a USD 1.77 billion (about Rs 11,400 crore) scam where billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from a branch in Mumbai to secure overseas credit from other Indian lenders.

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  'Nirav Modi did not meet PM Modi at Davos': Ravi Shankar Prasad slams Congress over 'Chhota Modi' remark

  Politics | February 16, 2018 16:39 IST

  According to the PNB, the fraud was detected on January 25 and was reported to the investigative agencies, including the Central Bureau of Investigation (CBI) on January 29.

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  Rahul Gandhi attacks PM Modi over Nirav Modi banking fraud

  Politics | February 15, 2018 17:29 IST

  Rahul Gandhi's tweet came after Congress MP Gaurav Gogoi posted a picture of Prime Minister Modi with Indian CEOs at the World Economic Forum in Davos in January.

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  BJP blames UPA for Nirav Modi banking fraud

  Politics | February 15, 2018 16:41 IST

  BJP leader Nirmala Sitharaman said the BJP government had been exposing out UPA scams one by one.

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  CBI issues look out notice against Nirav Modi's wife, brother and business partner

  News | February 15, 2018 16:32 IST

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  Nirav Modi fraud case: Priyanka Chopra sues fraudster for non-payment of dues

  Bollywood | February 15, 2018 16:28 IST

  The Nirav Modi brand’s ad campaigns have been much talked about, especially a one with Priyanka Chopra and Sidharth Malhotra.

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  Foreign branches of other Indian banks may be involved in Nirav Modi fraud, says PNB

  Business | February 16, 2018 16:38 IST

  The PNB virtually accused other banks' foreign branches of not sharing with it information or documents made available to them by these Indian companies at the time of availing buyers' credit from them.

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  PNB fraud: Congress attacks government, says a whistleblower had alerted PMO in 2016

  Politics | February 15, 2018 16:05 IST

  Randeep Surjewala said whistleblower Hari Prasad had written to the Prime Minister's Office as early as July 2016, alerting the government about the "biggest bank loot scam in 70 years" in independent India.