Page 36 - Nirav Modi Scam At Pnb

PNB fraud case: Priyanka Chopra may terminate contract with Nirav Modi

The designer is entangled in controversy after 10 Punjab National Bank officials were suspended over financial fraud to the tune of $ 1.77 billion

PNB Rs 114-billion fraud: When Nirav Modi tweets broke the net

Mehul Choksi of Gitanjali Group, the two prime accused in the fraud, had fled the country

A regulatory failure: Letter to BS on Punjab National Bank fraud case

An LOU has no legal standing and is not governed by the Union Customs Code

How Punjab National Bank became a victim of India's biggest bank fraud

The finance ministry has issued an advisory to all banks to review their large customer exposures, according to media reports

Parliamentary panel seeks report from Finance Ministry over PNB fraud

The committee is headed by senior Congress leader Veerappa Moily, and former prime minister Manmohan Singh is also a member

PNB scam: ED raids Nirav Modi, Gitanjali Gems, seizes Rs 51 bn in jewellery

The search operation came after the agency filed a Rs 2.8-billion money laundering case against Modi; his wife, Ami; brother Nishal; and Choksi on Wednesday, following a complaint by PNB

PNB scam: Will honour bona fide commitments, says bank chief Sunil Mehta

The PNB chief also said Modi had come out with 'vague offers' to repay the amounts due and had not submitted a concrete plan

Govt asks fraud-hit Punjab National Bank to conduct forensic audits

Financial Services Secretary Rajiv Kumar told media persons PNB had 'sufficient funds' to provision for the losses arising out of the fraud

Rs 114-bn PNB fraud case: Banks ignored potential red flag for two years

Lenders allowed CARE to withdraw ratings for Nirav Modi's company

PNB fraud: Rs 49-bn unexplained funds in Nirav Modi, Choksi firms, says I-T

PNB executives had opened fraudulent letters of undertakings (LoUs) without authority on behalf of firms belonging to the Nirav Modi group

Rs 114-bn scam: Pay up dues to banks for claims against LoUs, RBI tells PNB

RBI seeks detailed report on what happened between 2011 and now; bankers to recall loans to Nirav Modi entities

Rs 114-bn PNB fraud: People, not processes, responsible, say bankers

Bankers say it is the nature of the business of public sector banks that makes them susceptible to fraud

Rs 114-bn PNB fraud: Congress, BJP lock horns over Nirav Modi link

Senior BJP leader and Law Minister Ravi Shankar Prasad rebutted the Congress's allegations on the issue

PNB fraud: What India's biggest sham transaction means for banking sector?

The government recently extended a $14 billion bailout to ailing state banks as part of a broader $32 billion rescue plan

Gitanjali tanks 20% for second straight day; PNB hits fresh 52-week low

PNB hit a fresh 52-week low of Rs 123 on BSE in intra-day trade, falling 23% in past three trading sessions from Rs 162 on Monday.

PNB scam: How Nirav Modi, one of India's richest men executed a $2 bn fraud

With several questions still unanswered, here's what we know about the PNB fraud case

Scam worth Rs 110 bn: PNB detects fraud transactions; stock price drops 10%

The scam could turn out to be the biggest scam in Indian corporate history

Rs 110-bn PNB fraud: Govt asks banks to submit status report by weekend

The bank has detected some fraudulent transactions in one of its branches in Mumbai for the benefit of a few select account holders with their apparent connivance, PNB said

PNB suspends deputy manager, 9 others after uncovering Rs 110-bn fraud

Earlier in the day, the state-owned lender said that they had cracked a case of swindling, which was contingent in nature

PNB's Rs 110-bn fraud case isn't out-of-control, says FinMin official

Punjab National Bank (PNB) disclosed that it has detected some fraudulent transactions with financial implication of USD 1.171 billion and the matter has been referred to law enforcement agencies