Page 7 - Nirav Modi Scam At Pnb

PNB Fraud: Govt sacks Usha Ananthasubramanian as Allahabad Bank chief

Ananthasubramanian was MD and CEO of PNB between August 2015 and May 2017 and served as ED at the bank between July 2013 and November 2013

Court asks Nirav Modi, family to appear before Sept 25 under fugitive act

Special Fugitive Economic Offenders Act court said if they fail to appear, their assets will be confiscated under the newly enacted Act aimed at curbing big ticket economic crimes

3 tax notices under foreign black money law slapped on Nirav : Revenue Dept

The department has also attached 173 paintings and artworks and filed four prosecution cases against Modi

India eyes bringing back fugitive Mehul Choksi under Extradition Act 1962

The notification specified that the provisions of India's Extradition Act, 1962 shall apply to Antigua and Barbuda

Mehul Choksi-Nirav fraud: Sebi probe moves ahead, no clean chit to anyone

The regulator is probing alleged fraudulent trading, corporate governance-related violations

'No adverse information' received against Mehul Choksi, says Antigua

The Antiguan authorities found two instances of Sebi action against Choksi's firms in 2014 and 2017 and sought more information on them

Mehul Choksi moved to Antigua this month, got local passport: Govt

Mehul Choksi had fled the country in the first week of January, nearly a fortnight before country's biggest banking fraud surfaced.

PNB scam: Mehul Choksi seeks cancellation of NBWs, cites fear of lynching

Choksi, in his application moved before the special PMLA court, claimed he faces a threat to his life not only from his former employees and debtors but also from jail staff and inmates

Fraud-hit PNB eyes biggest bank profit, may sell stake in housing finance

The 124-year-old PNB is trying to regain its financial health and credibility following the uncovering of a $2 billion fraud this year

Interpol issues Red Corner Notice against jeweller Nirav Modi in PNB fraud

Modi has managed to travel across several countries even after information about his passport being revoked was flashed in the Interpol central database

PNB fraud: Nirav Modi did not have more than one Indian passport, says MEA

There were reports that Modi may have visited UK, France and Belgium in the past few weeks

PNB scam: Enforcement Directorate files charge sheet against Mehul Choksi

On the basis of this charge sheet, the ED will approach a special court to declare Choksi as an economic offender and further confiscate his assets in India

PNB scam: Choksi moves court, seeks cancellation of non-bailable warrant

The warrants were issued after a special CBI court in Mumbai allowed the same

Nirav Modi firms availed of loans from PNB's HK, Dubai branches too: Report

The 162-page report alleged that a group of employees at the Brady House branch issued fake letters of undertaking over several years to help diamantaire Nirav Modi and his uncle Mehul Choksi

PNB scam: ED to start extradition process for Nirav Modi after court's nod

The ED is understood to have sought Modi's extradition from the UK, Belgium, and a few other countries

PNB scam: Nirav Modi lived above his jewelry store in London, says report

During his stay in London, he was reportedly living in the heart of the city above his jewellery boutique called "Nirav Modi" on Old Bond Street

DRI serves arrest warrant to absconding diamantaire Nirav Modi via email

Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems, have allegedly defrauded PNB of over Rs 130 bn. The CBI and ED have also registered cases of alleged fraud against them

Interpol satisfied with CBI documents, may issue RCN against Nirav soon

The process was at an advanced stage and a Red Corner Notice could be issued on Friday or early next week unless some last-minute explanation is sought, the chances of which are negligible

RBI e-mail on risk control in November 2016 did not reach us, says PNB

CBI's probe into the Rs 143 billion Nirav Modi-Mehul Choksi fraud hinges on the premise that the Delhi-based bank did not follow suggestions made by the Reserve Bank of India (RBI) from time to time

Critical lapses, blatant violations led to Nirav Modi fraud: PNB report

The report said that it is "incomprehensible" that branch staff did not notice the fraud being committed