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PNB Fraud: Directors of five dummy companies set up by Nirav Modi earned between Rs 8,000 and Rs 30,000

The Enforcement Directorate in its report against jeweller Nirav Modi have said that owners and directors of at least five firms based out of Hong Kong earned only between Rs 8,000 and Rs 30,000 every..

PNB fraud case: ED files first chargesheet against Nirav Modi, associates; expected to file another against Mehul Choksi

The criminal complaint has been filed against Nirav Modi, his associates and businesses and the entire gamut of issuance of fake Letters of Undertaking (LoUs) by Punjab National Bank (PNB) to his firms..

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Giant effigy of Nirav Modi to be burnt as part of 'Holika Dahan'
Giant effigy of Nirav Modi to be burnt as part of 'Holika Dahan'

Mumbai, Mar 01 (ANI): A giant effigy of PNB scam accused Nirav Modi will be burnt as a part of 'Holika Dahan' ritual at BDD Chawl in Mumbai's Worli area. The structure, which is more..

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CBI conducts searches at PNB branch in Mumbai along with accused
CBI conducts searches at PNB branch in Mumbai along with accused

Mumbai (Maharashtra), Feb 18 (ANI): The Central Bureau of Investigation (CBI) conducted searches at the Brady Road branch of the bank in Mumbai with the arrested Punjab National Bank’s former..

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PNB fraud case: CBI court orders issuance of non-bailable warrant against Mehul Choksi

A special CBI court has taken cognisance of the second chargesheet filed in the 12,636-crore rupees PNB fraud case and ordered the issuance of a non-bailable warrant against a key accused Mehul..
All India Radio Also reported by •DNA

PNB scam: ED issues summons to Nirav Modi's father, sister

The fraud was committed during 2011-17 by illegally issuing Letters of Undertaking (LoUs) and Foreign Letters of Credit (FLCs).
Zee News

9 minor boys steal bikes worth lakhs from Mumbai, Thane to go on joyrides

9 minor boys steal bikes worth lakhs from mumbai, thane to go on joyrides
In a shocking incident, 9 minor boys between the age of 10 and 15 years of age were arrested for stealing 27 two-wheelers worth Rs 7.6 lakh. The boys had been stealing bikes from Mumbai and Thane area..

CBI files charge sheet filed against Mehul Choksi, ex-PNB MD in Rs 7080.86 crore scam case

 Gitanjali group owner Mehul Choksi and Allahabad Bank CEO Usha Ananthasubramanian along with 13 others were today charged by the CBI for alleged cheating and corruption in the issuance of fraudulent..

PNB posts biggest bank loss of Rs 13,000 cr in Q4

Scam-hit Punjab National Bank (PNB) on Tuesday rattled the banking sector with a twin blow of two mammoth figures. The second largest state-owned bank came up with a loss figure of Rs 13,416.91..

Nirav Modi scam fails to take away shine from diamond business, De Beers pegs for better growth in India

De Beers, the world's largest diamond producer, has said the business in the country will continue to grow this year despite dampened sentiments following Nirav Modi-led PNB fraud. "There has been..

Our projects lacked sanctity of contracts, says S S Mundra

The non-performing assets (NPA) mess is far from over in the banking sector. But with the regulator keeping a hawk-like vigil over the banks' books, there is no escape for them but to declare the..

Ex-manager booked over 51-cr scam at Bank of India

A financial fraud of nearly Rs 51 crore at a Mumbai branch of a nationalised bank is the latest addition to the growing list of scams that have hit Indian banks. The Central Bureau of Investigation..

Lift ban on letters of undertaking, say exporters


Punjab National Bank moves Hong Kong HC against Nirav Modi

An official from the Bank told ANI that it would approach the courts of other countries where Nirav Modi and his uncle, Mehul Choksi have assets and businesses. For those unversed, PNB had detected..

CBI probes Rs 5,280-cr loan to Gitanjali Group

Even as the Central Bureau of Investigation (CBI) is probing billionaire jeweller Nirav Modi and his uncle Mehul Choki in Punjab National Bank scam worth Rs 13,910.02 crore, another scam of Choksi's..

Wipro's Rishad Premji appointed as new Nasscom chairman

wipro's rishad premji appointed as new nasscom chairman
Global software major Wipro's Chief Strategy Officer Rishad Premji has been appointed the new Nasscom Chairman for 2018-19, said the Indian IT industry's apex body on Tuesday. "Rishad Premji, the..

PNB Fraud: Did Bengaluru police disobey local court's order to impound Mehul Choksi's passport?

In the middle of the controversy surrounding the PNB fraud that involves jeweller Nirav Modi and his uncle Mehul Choksi, it has been reported that the Bengaluru police had failed to enforce a court’s..

Nirav Modi fraud is bank's issue; will not seek govt support:PNB MD

Punjab National Bank (PNB) will take care of problems emanating from Rs 13,000-crore fraud perpetrated by billionaire jeweller Nirav Modi on its own and will not seek any governments assistance, its..
Deccan Herald

NBWs issued against Nirav Modi and Mehul Choksi on CBI plea

A special CBI court in Mumbai has issued non-bailable warrants (NBWs) against billionaire diamantaire Nirav Modi and his uncle Mehul Choksi in connection with the cases related to over $2 billion..
Deccan Herald

PNB scam: CBI quizzes ex-RBI dy gov on policy

Harun Rashid Khan was asked about the policy framework at the time when letters of undertaking (LoUs) were fraudulently issued by colluding PNB officials to Modi and Choksi; the statutory audit of the..

PNB scam: CBI questions RBI ex-Deputy Governor

The CBI today questioned former Deputy Governor of the Reserve Bank Harun Rashid Khan in connection with bank scams involving jewellers Nirav Modi and Mehul Choksi and relaxation of gold import rules..
Deccan Herald

Course correction? PNB honours LoUs, to return Rs 6,500 crore Nirav Modi took from 7 banks

Punjab National Bank on Wednesday decided to honour LoUs worth Rs 6,500 crore, issued fraudulently to 7 lenders in favour of Nirav Modi and associates in connivance with bank officials. Putting an..

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