Page 33 - Nirav Modi Scam At Pnb

A 2015 clip shows PM Modi hosting 'Mehul Bhai' at his official residence

The video clip put out by online news portal GoNews shows Choksi, Chairman and MD, Gitanjali Group, seated among the audience at the Prime Minister's 7, RCR

ED, CBI tighten noose around Nirav Modi, Mehul Choksi: Top developments

The ED had also moved the external affairs ministry to revoke their passports, following which the MEA suspended it temporarily

Rs 114-bn PNB fraud happened due to failure of internal controls: RBI

RBI said it has already undertaken assessment of control systems in PNB and will take appropriate supervisory action

Absconder Mehul Choksi has been under I-T's scanner since 2012

Among the companies named by Mumbai Customs Department were Choksi's group businesses - Gitanjali Gems and Gitanjali Jewellery

Finding NiMo: Bollywood takes dig at Nirav Modi, bank, politicians

Meanwhile, Bollywood actress Priyanka Chopra, the global brand ambassador for Nirav Modi, is seeking legal opinion to terminate her contract with him

Fraud-hit PNB looking to sell real estate assets worth Rs 50 bn: Source

CBI raided the offices of jewellery retailer Gitanjali on Friday in a widening probe into the fraud

Nirav Modi case: ED begins independent valuation of seized articles

Raids are being conducted in at least 20 locations related to the Gitanjali group of companies, promoted by Nirav Modi's maternal uncle and business partner Mehul Choksi

Bank vulnerabilities: PNB fraud exposes failure of systems and oversight

False letters of undertaking were used as a basis for branches abroad of other Indian banks to transfer funds in dollars on behalf of PNB

PM the catalyst in fraudsters' equation: Rahul's 'scamster escape formula'

Congress President Rahul Gandhi today fired yet another salvo at Prime Minister Narendra Modi over tainted businessmen Nirav Modi fleeing the country. Taking to Twitter, Gandhi posted, "The scamster's escape formula: La(Mo) + Ni(Mo) ---(with) Na(Mo)---> Bha(Go)", while using the hashtag "#ModiRobsIndia". The Congress chief had yesterday alleged that the NDA government was looking the other way when billionaire jeweller Nirav Modi used his clout with the prime minister to slip out of the country and steal Rs 12,000 crore, drawing comparison with the case of liquor baron Vijay Mallya. "Guide to looting India by Nirav Modi--1. Hug PM Modi 2. Be seen with him in DAVOS. Use that clout to: A. Steal 12,000 crore B. Slip out of the country like Mallya, while the government looks the other way," Gandhi tweeted yesterday, using hashtag "#From1MODI2another". The Congress had targeted the government over the Rs 11,400-crore PNB scam allegedly involving jewellery designer Nirav Modi and ..

PNB loses m-cap worth Rs 87.31-bn after shares slump for third session

In the last three trading sessions, the company m-cap saw a total erosion of Rs 8,731.5 crore. This is more than 6-times of the company's full-year net profit of Rs 1,324 crore recorded in FY 2016-17

PNB won't breach PCA criteria on capital even in worst case scenario: CEO

PNB has lot of resources, including non-core assets, to fix the problem, says Sunil Mehta

Four PNB officials being examined by CBI; names 3 companies in fresh FIR

CBI conducted raids at several locations of Geetanjali Jewelers

Gitanjali Group cheated PNB of Rs 48.86 bn, says CBI after filing fresh FIR

CBI searches premises of Gitanjali group of companies at 20 locations in six cities; approaches Interpol

Gitanjali Group cheated PNB of Rs 48.86 bn, says CBI after filing fresh FIR

The officials also said the central agency approached the Interpol with a request for issuing Diffusion Notice which was aimed at locating an individual

YES Bank confirms 'nil' exposure to entities involved in jewellery fraud

The Union Bank was among other banks that were said to have offered credit based on Letters of Undertakings (LoUs) issued by PNB

PNB Rs 114 bn fraud impact: 54% customers prefer private banks to govt ones

Amid the blame game between Punjab National Bank and other affected lenders, the elaborate web of deception has left bank customers perplexed

PNB suspends eight more officials, to repay other banks by March-end

He said PNB will settle liabilities towards other banks by March end and no further capital infusion would be needed as these would be funded from internal resources

SBI discloses Rs 13.6-bn exposure in LoU issued by PNB to Nirav Modi

SBI Chairman Ranjish Kumar said the bank has some exposure on Gitanjali Gems, owned by Mehul Choksi, uncle of Nirav Modi

Sebi launches probe into trading, disclosure issues at PNB, Gitanjali Gems

Sebi accords utmost importance to market conduct and integrity. Anyone found violating the securities laws will be dealt with firmly, a regulatory official said

PNB fraud: Nirav Modi and Mehul Choksi's passports suspended for a month

Nirav Modi and Choksi have been asked to respond within one week as to why their passports should not be impounded or revoked