Nirav Modi fraud

International rating agency ​Moody's downgrades PNB on the impact of Nirav Modi fraud

Following the announcement of the fraudulent transaction, Moody's initiated a review of the bank's ratings on February 20, 2018, which was completed now.

published on : 21st May 2018

ED issues fresh summons to Nirav Modi's sister Purvi Mehta

Purvi, who is reportedly in Hong Kong, is under the scanner for allegedly round-tripping the laundered money via Foreign Direct Investment back in India.

published on : 8th May 2018

Nirav Modi fraud: Chartered accountants body sends notices to statutory auditors of PNB's Brady House branch

Following the disclosure of the fraud by PNB, ICAI had formed a high-level group to study systemic issues involved in the scam.

published on : 15th April 2018