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'Choksi diverted Rs 3,257 crore to foreign dummy companies'

Fugitive diamnond jeweller Mehul Choksi, wanted in the Rs 13,500-crore Punjab National Bank (PNB) fraud case, diverted over Rs 3,257 crore of the money raised from fraudently obtained letters of..
Sify

Mehul Choksi diverted over Rs 3,250-crore to foreign shores : ED

An ED investigation has found that absconding jeweller Mehul Choksi diverted over Rs 3,250 crore funds, allegedly defrauded from a PNB branch in Mumbai, to foreign shores and he was in business of..
DNA

Videos for "Letters Of Undertaking"

Giant effigy of Nirav Modi to be burnt as part of 'Holika Dahan' [Video]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..

News unlimited -   01:00

CBI conducts searches at PNB branch in Mumbai along with accused [Video]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..

News unlimited -   01:25

 

Sister Purvi's UK flat 1st foreign attachment in Nirav Modi case

The property worth around Rs 72 crore is believed to have been bought last year with money that Nirav Modi obtained from Punjab National Bank (PNB) through forged letters of undertaking (LoUs). The ED,..
IndiaTimes

PNB, US Trustee seek probe into Mehul Choksi's US firm Samuels Jewelers

Fresh from a moral victory, Punjab National Bank (PNB) and US Trustee have now trained their guns at Mehul Choksi's Samuels Jewelers, seeking a probe into the US firm that has filed for..
DNA

PNB fraud: Govt sacks ex-MD Usha Anathasubramanian

The government on Monday dismissed Usha Ananathasubramanian, who was three months ago divested of her powers as MD and CEO Allahabad Bank following the country's biggest bank fraud allegedly carried..
DNA

If Choksi is in Antigua, is Nirav Modi in Malta?

Nirav Modi and Mehul Choksi are accused in the Rs 14,000 crore fraud that involved companies owned by them raising finance against letters of undertaking issued by the state-owned PNB.
IndiaTimes

PNB loss cushioned by tax writeback, lower fraud provisioning

Punjab National Bank (PNB) on Tuesday reported a Rs 940 crore loss in the quarter ended June 30 as bad loans continued to haunt the bank. If it was not for a tax writeback of Rs 623 crore, the loss..
DNA

Panel criticises RBI for Letters of Undertaking withdrawal

A Parliamentary panel on Monday criticised RBI for withdrawing the facility of Letters of Undertaking (LoUs), a sort bank guarantee for traders, and asked the regulator to reintroduce them at the..
IndiaTimes

How this 'commonwealth' clause in Antigua Law can help India in bringing back Mehul Choksi

India is eyeing to bring back bank fraud accused Mehul Choksi from Antigua under the provision of a law of the island nation which provides for extradition of a fugitive to a designated Commonwealth..
DNA

PNB scam: Senior executive of fugitive diamantaire Nirav Modi's firm gets bail

According to the CBI, the executive was aware of the fraudulent letters of undertaking (LoUs) issued by PNBs former deputy manager Gokulnath Shetty in favour of Modi's firms.
Firstpost

Mehul Choksi citizenship: Police verification report was clear in 2017

*Antigua's assertion that India did not give any adverse report *to stall granting of citizenship to Mehul Choksi last year evoked sharp reactions from the authorities here with the government today..
DNA

Brady House branch in Mumbai not to be closed, says PNB Bank

Modi and his uncle Mehul Choksi, in connivance with certain bank officials, allegedly cheated PNB of about Rs 14,000 crore through issuance of fraudulent Letters of Undertaking (LoUs
DNA

No plans to close ops at Brady House branch: PNB

Nirav Modi and his uncle Mehul Choksi, in connivance with certain bank officials, allegedly cheated PNB of about Rs 14,000 crore through issuance of fraudulent Letters of Undertaking (LoUs).
IndiaTimes

Positive development for PNB in US bankruptcy case of Nirav Modi firm, says bank MD Sunil Mehta

Punjab National Bank MD Sunil Mehta has said there are "positive developments" in favour of the lender pertaining to bankruptcy case filed in the US by Nirav Modi's firm Firestar Diamond..
DNA

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..
DNA

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..
Firstpost

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

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..
Mid-Day

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..
DNA

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