Page 24 - Nirav Modi Scam At Pnb

Sent notice to email id shared by Nirav Modi, says MEA; top 10 developments

The ED has frozen mutual funds and shares worth Rs 945.2 mn of the Nirav Modi and Mehul Choksi groups of companies

Nirav Modi says can't depose before ED; fresh summons served to him

Earlier this week, in a letter, Modi had alleged that PNB's overzealousness had shut the doors on his ability to clear the dues

Uddhav Thackeray raps govt over PNB scam, says Rafale deal on back-burner

Uddhav asked how it was possible for some people to siphon off thousands of crores of rupees in the past two-three years

Awaiting response to passport revocation notice sent to Nirav Modi: MEA

After the huge fraud came to light, the External Affairs Ministry suspended the passports of Modi and Mehul Choksi

PF interest rate reduced as a fallout of PNB scam: Mamata Banerjee

The TMC supremo claimed that the funds were being drawn from the people's pockets to balance the loss of an estimated Rs 114 billion

Nirav Modi's PNB fraud started in 2008: Arrested bank officials tell CBI

The arrested PNB officials said they merely continued with the practice that started in 2008

Scamsters conveniently leave India under PM Modi govt, says Prakash Karat

Karat attacked the Prime Minister saying the claims of Modi government of a corruption-free regime is now in "tatters"

Come up with an implementable plan to repay dues: PNB to Nirav Modi

Nirav Modi in his letter to the PNB had said that the over-zealousness of the bank to deal with the issue destroyed his jewellery brand

Scam-hit PNB banks heavily on Bhushan Steel sale for capital boost

Plans to claw back provisions on debt-ridden Bhushan Steel

PNB hits back at Nirav Modi: Filed complaint as your LoUs were illegal

The bank said at no stage were such facilities extended by Punjab National Bank to the three partner firms

No more clerks please: Only PNB officers can now initiate messages on SWIFT

Several new limits have been placed on the amount that officers can generate depending on their seniority in the bank hierarchy.

Rs 114-billion PNB scam: Govt weighs bank's recapitalisation hike

Lender may also be put under RBI's prompt corrective action framework

FRDI Bill: Panacea for banking sector set for quiet burial after PNB scam?

If the Bill is junked, it would face a fate similar to a Bill proposed by the Atal Bihari Vajpayee government in 2000 to privatize PSBs

Gitanjali tanks 61% in seven days, PC Jeweller plunges 42% in one month

Gitanjali Gems is locked in lower circuit for the sixth straight trading sessions, down 5% at Rs 26.10, also its fresh low on the BSE.

PNB scam: DGFT to examine violations by Nirav Modi, Mehul Choksi firms

The DGFT grants an advanced licence to companies for availing of benefits under duty exemption schemes

Rs 114-billion PNB fraud: FinMin to meet bankers to resolve payment issue

PNB fraud pertains to issuance of fake Letters of Understanding to firms associated with Nirav Modi

PNB fraud: ED probing 120 shell firms linked to Nirav Modi, Mehul Choksi

According to ED officials, Nirav Modi, Neeshal Modi, and Mehul Choksi are directors or partners in about 100 companies registered with the Registrar of Companies in Mumbai

PNB fraud: Centre opposes plea seeking independent probe in Nirav Modi case

The plea has sought a direction to the finance ministry to frame guidelines on the grant and disbursal of loans involving big amounts

PNB fraud: With leaders under lens, Opposition parties wary of JPC probe

Leaders of several of the opposition parties are being investigated by the Central Bureau of Investigation

I-T dept questions PNB chief again; bank board to meet on February 26

The board meeting comes at a time when Arun Jaitley has come down heavily on PNB's management for its failure to check the fraud