Pnb Fraud

PNB fraud case: Mehul Choksi in Belgium for cancer treatment, says lawyer

Fugitive diamond trader Mehul Choksi, the prime accused in the PNB loan fraud case, is currently in Belgium for medical treatment of suspected cancer, a special court here was told on Tuesday. Advocate Vijay Agarwal, who appeared on behalf of Choksi, told the court that he wants to file an application to bring on record certain health issues of Choksi "who is at present in Belgium for medical treatment". Agarwal informed the court that Choksi is suspected to be suffering from cancer. A special PMLA court in Mumbai is hearing the Enforcement Directorate's plea to declare Choksi a fugitive economic offender (FEO). The FEO declaration allows the government to initiate action to confiscate the offender's properties. Choksi, his nephew and fugitive diamond trader Nirav Modi and their family members, employees, bank officials and others were booked by the Enforcement Directorate and the Central Bureau of Investigation (CBI) in 2018 for allegedly perpetrating the alleged loan fraud at th

CBI raids in 3 cities against IL-FS Energy Development Company Limited

The CBI conducted searches in three cities after registering an FIR against IL&FS Energy Development Company Limited in connection with an alleged fraud of Rs 100.30 crore in Punjab National Bank, officials said on Friday. The Central Bureau of Investigation (CBI) has booked the company and its directors for alleged criminal conspiracy, cheating and under provisions of the Prevention of Corruption Act for diversion of funds and other irregularities in the utilisation of loans availed from the bank. "The CBI has conducted searches at office and residential premises of accused including the private company at New Delhi, Dehradun (Uttarakhand) and Mumbai (Maharashtra), etc. which led to recovery of incriminating documents/articles etc.," a CBI spokesperson said. It was alleged that the accused entered into a conspiracy to cheat Punjab National Bank (erstwhile e-United Bank of India), he said. "In pursuance of the said conspiracy, the accused misappropriated the sanctioned credit ...

PNB fraud: ED files chargesheet against Mehul Choksi's wife, others

ED said that Priti was hand-in-glove with husband Mehul Choksi in getting companies incorporated for him for laundering and siphoning of proceeds of crime and utilising and projecting them untainted

PNB case: Deported official of Nirav Modi's firm remanded in CBI custody

Parab was deported to India from Cairo in Egypt earlier in the day, as per the Central Bureau of Investigation (CBI) officials

PNB Housing controversy puts spotlight on independent valuer rule

Inconsistencies between the Companies Act and the Issue of Capital Regulations to be debated before SAT

Dominican govt tells court to reject Mehul Choksi habeas corpus petition

Dominican govt said to reject the habeas corpus petition filed on behalf of businessman Mehul Choksi who had claimed that he was abducted and forcefully brought to the Caribbean island nation

Mehul Choksi's Caribbean run: Here is what happened to fugitive jeweller

Choksi, 62, and his nephew Nirav Modi are accused of siphoning off Rs 13,500 crore from state-run Punjab National Bank using fraudulent letters of undertaking

Warrant against Nirav Modi's sister, brother-in-law kept in abeyance

A special PMLA court on Thursday kept in abeyance the warrant issued against the sister and brother-in-law of fugitive diamond merchant Nirav Modi till further orders.

CBI books Shiv Vani Oil, two promoters for defrauding PNB of Rs 253 cr

Banks, NBFCs are estimated to have given Rs 3,587 crore to company accused of criminal conspiracy, cheating

PNB fraud case: Nirav Modi's sister moves court to get NBW canceled

Fugitive diamond trader Nirav Modi's sister and her husband on Thursday approached a court here seeking cancellation of non-bailable warrant against them in the Punjab National Bank (PNB) fraud case.

PNB fraud: Nirav Modi's extradition trial to resume in UK court on Monday

District Judge directed Nirav Modi's appearance from a room in Wandsworth Prison in south-west London with social distancing norms

Top headlines: Apple's first online store in India, RBI' OMOs, and more

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PNB fraud: UK court further extends fugitive Nirav Modi's remand to Aug 6

The judge allowed the additional evidence to be introduced but agreed that Modi's defence team would require enough time to "digest" them

Nirav Modi's extradition trial in PNB fraud case to begin in London

Two additional charges of "causing the disappearance of evidence" and intimidating witnesses or criminal intimidation to cause death were added on by the CBI and certified earlier this year

PNB fraud: HC refuses to stay special court's proceedings against Choksi

Enforcement Directorate had earlier moved an application before a special PMLA court here to declare Choksi a fugitive economic offender

All you wanted to know about banking frauds

Bankers feel inhibited talking about frauds for fear of loss of reputation. Large frauds usually come to light after 54 months

PNB fraud: Fresh blow to Nirav Modi as UK court rejects bail application

Modi has been behind bars at Wandsworth prison since his arrest on March 19 on an extradition warrant executed by Scotland Yard on charges brought by the Indian government.

Mehul Choksi still an Indian citizen, will be extradited: Govt official

Choksi has secured a passport from Antigua and Barbuda

PNB fraud: A year later, big blind spot on India's biggest banking whodunit

While RBI's supervisory bureaucracy was blindsided on PNB, it gave the sense of having put sound systems in place

PNB fraud: Choksi's executive sent to ED custody till Nov 12

According to the ED, Kulkarni was linked to overseas businesses of Choksi, and was a director in a Hong Kong-based 'dummy firm' linked to the latter