PNB Fraud case

PNB fraud case: Nirav Modi to appear for remand hearing in UK

Nirav Modi had made a last-ditch bail application in November last year with an "unprecedented" house arrest guarantee, akin to those imposed on terrorist suspects.

published on : 30th January 2020

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

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

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 fraud case: CBI registers fresh Rs 321 crore case against Nirav Modi

The CBI on Thursday said that it has registered a fresh case against diamantaire Nirav Modi for causing a loss of Rs 321 crore to Punjab National Bank.

published on : 8th March 2018

PNB fraud case: Awaiting response to notice sent to Nirav Modi, says MEA

External Affairs Ministry spokesperson said that with the receipt of the notification, Modi is bound to reply within a stipulated time to the notice and the charges that have been explained to him.

published on : 22nd February 2018

PNB fraud case: Gitanjali independent director quizzed in Coimbatore 

The investigations into the multi-billion dollar Punjab National Bank scam reached Coimbatore when sleuths of the Central Bureau of Investigation (CBI) grilled one of the independent directors of the

published on : 18th February 2018

PNB fraud case: UCO Bank admits exposure over USD 412 million in scam

State-owned UCO Bank today said it has exposure of USD 411.82 million (about Rs 2,636 crore) in the Rs 11,400-crore PNB fraud committed by billionaire jeweller Nirav Modi and his associates.

published on : 17th February 2018

After Punjab National Bank, City Union Bank hit by fraud

Days after the Rs 11,400 crore fraud at PNB shook the country, private sector City Union Bank today said it suffered three fraudulent remittances of nearly Rs 12.8 crore.

published on : 17th February 2018

PNB fraud case: Enforcement Directorate continues raids, seizure value rises to Rs 5674 crore

According to the Central Bureau of Investigation, diamond czar Nirav Modi and Mehul Choksi already left the country in January, before an FIR was registered in the Punjab National Bank fraud case.

published on : 17th February 2018

PNB fraud is UPA scam, alleges BJP

BJP questioned why the Allahabad Bank approved the loan, purportedly related to Mehul Choksi and Nirav Modi, though it was opposed by one of its directors, and wondered "who pressured the bank".

published on : 16th February 2018
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