Page 32 - Nirav Modi Scam At Pnb

We're not conspiring, BJP govt is catching scamsters instead: Sitharaman

BJP hits back at Congress, saying PNB scam happened during UPA govt, accuses opposition party of spreading lies

PNB scam: 2 bank officials, Nirav Modi's company executive arrested by CBI

People detained including PNB's former deputy manager Gokulnath Shetty, bank's single window operator Manoj Kharat, and Hemant Bhat, who is authorised signatory of the Nirav Modi group firms

PNB scam: Banks relied on Ind-Ra's rating of Nirav Modi firm to lend money

In March 2017, Ind-Ra said it had rated the company's debt instruments at 'IND A-' with a stable outlook

From SBI to PNB, India has a 47-year record of scams at govt banks

The scams vary from Jimmy Nagarwala's Rs 6 million from SBI to Nirav Modi's Rs 110 billion from PNB. Modi govt still loves them

PNB fraud: Know Nirav Modi - the billionaire jeweller who scammed banks

The billionaire jeweller to the world's rich and famous was doing well for himself. Nirav Modi's troubles, however, grew along with his blinding success

'Modi'fied banking rules, a Rs 140-bn scandal and a mortified common man

Will the upright citizen now start thinking that paying taxes and servicing loans honestly is for fools?

How PNB fraud will affect govt's ability to mobilise big money

Not all of the bad loan problem that Indian banks are going through is because of fraud

PNB Rs 114-bn fraud: How Nirav Modi was brought down by his staff

The saga unfolded after a bribery complaint by the Hong Kong branch of an Indian bank

Rs 114-bn fraud: ED takes action against Nirav Modi's overseas operations

The ED has sent out letters of request, called 'letters rogatory', with a clutch of evidence to the concerned enforcement agencies asking for sealing of outlets

PNB fraud began under UPA, says BJP; Cong asks PM to break 'vow of silence'

Surjewala said that not just the PNB, the fraud covers 16 other banks

Rs 114-billion fraud: Other banks did not raise an alarm, says PNB

The PNB also named the banks in the complaint, which included the Frankfurt and Mauritius branches of the State Bank of India

PSBs reported 8,670 loan fraud cases over last five fiscal years: RBI data

In India, loan frauds typically refer to cases where the borrower intentionally tries to deceive the lending bank and does not repay the loan

CBI, I-T department, ED widen probe into PNB's Rs 114-billion fraud

CBI said PNB officials Gokulnath Shetty and Manoj Kharat, in connivance with accused companies, defrauded the bank of Rs 48 bn

PNB Rs 114-bn fraud: Diamond industry could give more headache to banks

The industry is now technically insolvent, with the market capitalisation of many companies now lower than their debt outstanding

Scam-hit PNB will return to normalcy within six months, assures MD

Passports of Nirav Modi and Mehul Choksi suspended for four weeks

New black money act slapped on Nirav Modi: 105 a/cs, 29 properties attached

Tax sleuths also pasted attachment notices at immovable properties of Modi, his wife Ami and his firms located in Mumbai, Surat, Jaipur and Delhi

PNB fraud: Govt identifies 150 shell companies linked to Nirav Modi

The CBI and ED continued their crackdown on the bank fraud, registering a fresh case against Nirav Modi's maternal uncle Mehul Choksi

PNB fraud started under UPA, grew during NDA: Ex Allahabad Bank official

The former top bank official said the scam that started during UPA rule increased 50 fold in the NDA rule

Allahabad Bank discloses Rs 23.6-bn exposure in Rs 114-bn PNB fraud

Allahabad Bank was among other banks that were said to have offered credit based on Letters of Undertaking issued by PNB

The PNB fraud: A clear cut case of no systemic accountability

Market-based reform, like the new bankruptcy code, has a better chance of success than bureaucratic stipulations for govt bankers