Page 15 - Nirav Modi Scam At Pnb

PNB scam: Nirav Modi replied to CBI, will take time to return, says lawyer

'He'll take time to come back as there are security concerns and he's managing his business abroad,' said Nirav Modi's lawyer

Eyes wide shut

The PNB fraud belies the stringent code of conduct the bank has put down on paper

PNB fraud fallout: Loan disbursements to corporate India take a hit

public sector banks have scaled down activities like extending trade credit, guarantees and letter of credit

The case that can prompt foreign courts to extradite Nirav Modi

3 companies of Nirav that were hauled in for mis-declaration of exports of diamonds from their units at Surat SEZ could prove to be the lynchpin to the successful prosecution of the Rs 127 bn fraud

Scam-hit PNB may need to provide for around Rs 60 bn in losses this quarter

Bank to pay if RBI declines its relaxation plea

Parliamentary panel asks FinMin to submit report on PNB scam within a month

The panel also asked the ministry to make efforts to bring out regulations to prevent such happenings in the future

Chartered accountants' group says awaiting fraud information from PNB

The role of auditors has also come under the scanner in the scam

ED seized assets worth Rs 71 bn in bank scam cases in Jan-Feb: Govt

These cases also included cases of possessing disproportionate assets, Union Minister of State for Finance said

Before Nirav Modi scam, PNB lost Rs 28 bn to various frauds in FY17

PNB alone reported 158 cases of fraud in 2016/17

Union Bank has Rs 2.95-bn direct exposure to Nirav Modi, Gitanjali firms

Both Modi and Choksi have denied wrongdoing, and so have two key accused PNB employees in the case

PNB may be given one year to provision against Rs 127-billion fraud

PNB had said it was digging into records to examine the magnitude of the fraud

Amount involved in Rs 127-bn PNB scam unlikely to go up, says DEA Secy

We have not seen any more evidence: Subhash Chandra Garg

PNB fraud: CBI's fresh summons to Nirav Modi and Mehul Choksi

Gitanjali Gems promoter Choksi has said it was impossible for him to return to India and join the investigation due to the suspension of his passport

Scrapping of 80:20 scheme enabled Nirav, Choksi to make 200% profits: Cong

UPA govt had in 2013 imposed restrictions on import of gold and made it mandatory to export 20% of imported gold after value addition under 80:20 scheme.

Swamy asks for probe against FinMin official allegedly gifted gold by Nirav

The official later wrongly donated the gift in the 'Toshkhana' at Rashtrapati Bhavan, Swamy claimed

PNB officer gets CVC-instituted vigilance excellence award

The minister said that as per information received from the Central Vigilance Commission, the awards were instituted for the first time in 2017 for the work done in the calendar year of 2016

PNB scam: Choksi asks CBI how he is a security threat; top 10 developments

The Gitanjali Gems owner criticises India's investigating agencies, accuses them of abusing processes in probing the country's biggest banking fraud

PNB scam fallout: Rupee forwards crash as banks stop issuing LoUs

Nirav Modi scam has resulted in disruption in cross-border trade as banks are unwilling to provide guarantees

PNB fraud: CBI registers fresh Rs 3.21 billion case against Nirav Modi

This is the second CBI case in which Nirav Modi has been named by the investigating agency

Nirav Modi no more a part of Indian billionaires' club in Forbes list 2018

Forbes said India's billionaire count has increased over last year