PNB Fraud case

PNB scam case: Court denies CBI permission to subject Gokulnath Shetty to narco test

Special judge for CBI cases VC Barde rejected the agency's plea, noting that the accused had not consented to the tests, and consent was mandatory before such tests are performed.

published on : 3rd September 2019

PNB scam: Nirav Modi remanded to custody in UK prison until August 22

Nirav Modi, 48, has been lodged at Wandsworth prison in London since his arrest in March in connection with the nearly USD 2 billion PNB fraud.

published on : 25th July 2019

635 employees from Hyderabad unit of fugitive diamantaire Mehul Chowksi owned Gitanjali gems left in the lurch

While Choksi fled the country, employees received neither pending salaries nor PF amount.

published on : 15th July 2019

PNB fraud case: High-security cell kept ready in Mumbai prison for Nirav Modi

UK's Westminster Magistrate's Court last month denied bail to Modi, who has been behind bars at one of England's most overcrowded prisons, Her Majesty's Prison Wandsworth.

published on : 11th June 2019

Nirav Modi fails to convince UK judge that he's not a flight risk

The 48-year-old is back in prison after his bail was denied on Wednesday by Westminster Magistrates' Court Chief Magistrate Emma Arbuthnot.

published on : 9th May 2019

PNB scam case: Took citizenship of Antigua last year to expand business, says Mehul Choksi

Choksi, the alleged partner-in-crime of his nephew Nirav Modi in the banking fraud, refused to say anything further on the issue, on the advice of his lawyers.

published on : 27th July 2018

Government to conduct revaluation of seized assets of Nirav Modi, Mehul Choksi

The government will hire an independent expert to reassess all the assets.

published on : 17th July 2018

PNB scam: Court orders issuance of non-bailable warrant against absconding diamond merchant Mehul Choksi

The chargesheet names managing director of Gitanjali group Mehul Choksi, former PNB managing director and CEO Usha Ananthasubramanian and two serving executive directors of PNB.

published on : 23rd May 2018

PNB scam: CBI may soon file charge sheet against those arrested; probe against Nirav Modi, Mehul Choski still on

The probe against those absconding, such as Modi, Choksi, and their relatives, is still on, and the agency may take time to finalise their roles in the case, officials said.

published on : 2nd May 2018

PNB scam, fiscal slippage dent business optimism in June quarter

However, when compared with the same period last year, the optimism index has grown by 7.6 per cent, it added.

published on : 16th April 2018

Central Vigilance Commission awaits detailed report; calls Punjab Natioal Bank auditors in fraud case

The watchdog asserted the need for strengthening the preventive vigilance mechanism, ensuring procedures were not just routinely followed but that the veracity of reports was verified.

published on : 8th April 2018

PNB fallout? Banks put on hold loan approvals for start-ups, businessmen

With more bank default cases surfacing across the country for the past few months, the bank officials are more cautious while accepting business loan applications.

published on : 29th March 2018

PNB fraud case: Criminal breach of trust charge added to FIR

CBI had Tuesday informed the court it had added 'criminal breach of trust' charge to the case related to diamond trader Mehul Choksi's firms.

published on : 14th March 2018

PNB takes steps to secure SWIFT operations

PNB has taken a series of measures to check misuse of SWIFT message platform allegedly used by Nirav Modi and his associates to defraud the bank of Rs 1,2967.86 crore, the Finance Ministry said.

published on : 13th March 2018

PNB puts in place three-tier SWIFT process post Rs 12,700 crore scam

Punjab National Bank today said it has put in place a three-tier authentication system for SWIFT transaction and is in the process of installing a "superior" software system.

published on : 13th March 2018
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