PNB Scam

Here is a timeline of the USD 2 billion Nirav Modi case

Diamond merchant Nirav Modi on Wednesday lost his appeal against extradition on mental health grounds.

published on : 9th November 2022

PNB scam: Nirav Modi loses appeal on mental health grounds, UK High Court orders his extradition

Modi is the subject of the CBI case relating to a large-scale fraud upon Punjab National Bank via fraudulent loan agreements and the ED case on the laundering of the proceeds of that fraud.

published on : 9th November 2022

UK high court hears Nirav Modi plea against extradition to India

The diamond merchant had lodged an appeal last year against his extradition order on mental health grounds. The hearing this week is for the continuation of that appeal, with judgment likely soon.

published on : 28th June 2022

Key official of diamantaire Nirav Modi company deported from Egypt: Officials

Subhash Shankar Parab was the Deputy General Manager (Finance) in Firestar Diamond, officials said on Tuesday.

published on : 12th April 2022

Will liaise with UK authorities for Nirav Modi's early extradition: MEA

The diamantaire, wanted in India on charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank (PNB) scam case, lost his legal battle against extradition.

published on : 25th February 2021

Nirav Modi to be extradited to India, UK court satisfied there is evidence of fraud

After a long legal battle, the UK court accepted that the diamantaire had threatened witnesses and tampered with evidence.

published on : 25th February 2021

HC seeks Centre, Netflix response to Mehul Choksi's plea on 'Bad Boy Billionaires' docuseries

A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Centre and Netflix and sought their stand by September 23 on Choksi's appeal.

published on : 7th September 2020

PNB scam: Senior executive of Nirav Modi firm gets bail

Vipul Ambani was aware of the fraudulent letters of undertaking (LoUs) issued by PNBs former deputy manager Gokulnath Shetty in favour of Modi's firms.

published on : 4th August 2018

Antigua Opposition slams citizenship to PNB scam accused Mehul Choksi

Chairman of the United Progressive Party in A&B, pointed to a resolution passed this week in Parliament allowing the CIU to operate offshore bank accounts and to accept payment in cryptocurrencies.

published on : 4th August 2018

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.

published on : 3rd August 2018

India had asked Antigua to detain PNB scam accused Mehul Choksi after information of his presence on island

Sources said India was in touch with the island nation following reports of Choksi's presence there and requested the authorities there to restrict his movements by land, sea and air.

published on : 30th July 2018

PNB scam: Antigua government to consider legitimate request from India to send back Mehul Choksi

The Citizenship by Investment unit of Antigua faced criticism from the paper for allowing Choksi to get a passport of Antigua in November last year.

published on : 26th July 2018

CBI seeks whereabouts of PNB scam accused Mehul Choksi from Antigua

The CBI in its communication sent to Antiguan authority last evening cited diffusion notice issued by the Interpol against the fugitive businessman.

published on : 25th July 2018

PNB scam: Fugitive diamantaire Mehul Choksi moved to Antigua this month

Choksi had fled the country in the first week of January, nearly a fortnight before weeks before country's biggest banking fraud surfaced.

published on : 24th July 2018

PNB scam: Mehul Choksi seeks withdrawal of warrants

The petition comes in the wake of multiple non-bailable warrants issued against the promoter of Gitanjali Gems under the Prevention of Money Laundering Act.

published on : 23rd July 2018

PNB scam-accused Nirav Modi has not sought political asylum in UK

The revelation comes barely days after the Interpol issued a Red Corner Notice (RCN) against him in connection with the multi-crore Punjab National Bank (PNB) scam.

published on : 4th July 2018

After PNB scam Reserve Bank of India tightens banks' statutory auditor rules

The RBI said it will take action against statutory auditors of banks in case of any lapses in their auditing process including misstatement of a bank's financial statement in an audit report.

published on : 4th July 2018

PNB scam: Enforcement Directorate files chargesheet against Gitanjali Gems owner Mehul Choksi

Choksi and 13 other entities, including eight individuals and five companies, have been charged under section 4 of PMLA, 2002 Act for the offence of money laundering.

published on : 28th June 2018

PNB scam: Gitanjali Gems promoter Mehul Choksi moves court seeking cancellation of warrant

Choksi's lawyer Sanjay Abbot moved the application before special CBI court judge J C Jagdale. In the application, he claimed that he cannot travel because of his medical condition.

published on : 27th June 2018

Ministry of External Affairs writes to European countries to trace fugitive diamantaire Nirav Modi

The ED had earlier filed the application in the court seeking permission to start extradition of the absconding diamantaire in connection with a multi-crore Punjab National Bank (PNB) scam.

published on : 27th June 2018
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