Kanishk Gold

PMLA case: Kanishk Gold’s fixed deposits of Rs 143 crore attached

Action taken as no evidence of receipt of gold on payment of Rs 300 cr to jeweller’s a/c 

published on : 27th April 2018

ED freezes Rs 48 crore worth Kanishk’s manufacturing unit

ED has freezed Rs 48 crore worth Kanishk Gold’s manufacturing unit at Pukkathurai village in Maduranthagam taluk in Kancheepuram district on Tuesday.

published on : 25th April 2018

Now, Kanishk under ED scanner for alleged Rs 824 crore loan fraud

ED has registered a case against Kanishk Gold Pvt Ltd after the firm allegedly committed a loan fraud of Rs 824.15 crore on a consortium of banks led by State Bank of India.

published on : 24th March 2018

SBI shares hit 52-week low after Rs 824 crore Kanishk fraud alert

Following reports about a fresh Rs 824 crore loan fraud, shares of State Bank of India (SBI) hit a 52-week low at Rs 240.65 on NSE.

published on : 23rd March 2018

Bengaluru: CBI questions Kanishk promoter, wife

According to the CBI case, the Chennai-based Kanishk Gold Pvt Ltd had defrauded the SBI-led consortium of 14 banks of  Rs 824.15 crore.

published on : 23rd March 2018

Chennai-based Kanishk Gold defrauds SBI-led consortium of 14 banks, raids ensue

The amount was availed in the form of loans like working capital facility and term loan limits for 10-year period beginning 2008 and the same was declared as NPA in November last year.

published on : 22nd March 2018

CBI registers FIR in Rs 824 crore loan fraud by Kanishk Gold; carries out searches

The CBI officials said they have received the complaint and were in touch with the bank because of certain loopholes in the complaint which were to be rectified by the bank.

published on : 21st March 2018

SBI charges Chennai-based Kanishk Gold of duping 14 banks to the tune of Rs 824 crore 

Kanishk Gold Pvt Ltd allegedly resorted to falsifying records and financial statements to get loans from the banks over a 10 year period beginning 2008. 

published on : 21st March 2018