PNB fraud

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 fraud case: Nirav Modi to appear via videolink at UK court

As part of the change in circumstances required for his fresh bail application, Modi's lawyers had offered to double the bail bond security offered to the court to GBP 4 million.

published on : 4th December 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

PNB fraud: NCLAT sets aside order giving relief to five directors of Nirav Modi firm

Earlier this year, allowing the plea of the govt, the NCLT had injuncted all companies and individuals from removal, transfer or disposal of funds and properties until its further orders.

published on : 12th July 2018

Supreme Court rejects PIL seeking court-monitored SIT probe into fin scams like PNB fraud

A bench headed by Chief Justice Dipak Misra expressed strong displeasure over the allegations made in the petition against the Prime Minister and the Finance Minister.

published on : 3rd 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 fraud: RBI officials asked by CBI to provide clarity on policy matters, say sources

The RBI sources said its officials are routinely "consulted" by other probe agencies and regulators to provide "clarity" on banking and other related policy matters under the central bank's domain.

published on : 6th April 2018

Punjab National Bank fraud case: ED gets key accused Gokulnath Shetty's custody till April 11

A special court in Mumbai remanded former PNB official and key accused in the alleged multi-crore fraud case Gokulnath Shetty to Enforcement Directorate's custody till April 11.

published on : 5th 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

Punjab National Bank fraud: Completely defenceless due to exaggerated allegations, Mehul Choksi refuses to join CBI probe

Reiterating that it was "impossible" for him to return to India, Choksi said his health condition was not conducive and that his passport remained suspended.

published on : 20th March 2018

Following PNB fraud, 107 companies, seven LLPs under scanner

As many as 107 companies and seven limited liability partnerships are under the scanner following the billion dollar scam unearthed by Punjab National Bank.

published on : 17th 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
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