- Tag results for Punjab National Bank
The request was sent to the Home Ministry on Friday.
Bhansali, who was an executive of Nirav Modi's Firestar International firm, is absconding since the probe started in the alleged USD 2 billion PNB fraud case.
Official sources said the ED will now move to seize 41 properties worth about Rs 1,210 crore owned by diamond jeweller Mehul Choksi and put up its possession signages at these locations.
Bank's subsidiary PNB Investment Services Limited (PNBISL) has invited bids from merchant bankers on behalf of PNB to arrange for investors.
Authorities have been directed to demolish the "illegal" bungalow of fugitive diamond trader and PNB scam accused Nirav Modi situated in Raigad district, a Maharashtra minister said.
Interpol had issued a Red Corner Notice against fugitive billionaire, one of the masterminds in over USD 2 billion fraud in the Punjab National Bank.
The proposal by SEBI gains attention amid the loan fraud of Rs 14,000 crore at state-run Punjab National Bank remaining undetected for years.
Ananthasubramanian was, three months back, divested of all her powers as MD of Allahabad Bank, after being named in a CBI charge-sheet in the Rs 14,000 crore fraud case.
If they fail to appear, their assets will be confiscated under the newly enacted Act aimed at curbing big ticket economic crimes.
THE Criminal Investigation Department (CID) has filed a chargesheet against Mehul Choksi, an accused in the Punjab National Bank fraud case, for allegedly cheating a city-based jeweller to the tune of
Regarding Nirav Modi, the other accused in the massive scam, the spokesperson said the request from the ED for his extradition, was forwarded by the External Affairs Ministry.
Bank managed to cover a substantial portion of the loss by improving performance, focussed loan strategy and series of cost-cutting measures, including shutting international and domestic branches.
The public sector bank had posted a net profit of Rs 343.40 crore in the April-June quarter of 2017-18.
Mehul Choksi got 'clear report' for passport as no criminal antecedents were found in 2017: Mumbai Police
Choksi is one of the alleged masterminds of the USD 2 billion scam in state-run Punjab National Bank and is the uncle of fugitive diamantaire Nirav Modi.
Antigua says Indian agencies had given 'no adverse information' on Mehul Choksi during citizenship check: Report
CBI had on July 25 sought the whereabouts of Choksi and written to Antiguan authorities, demanding details about him.