Page 5 - Pnb Scam

ED seeks attachment of 11 Dubai assets of Nirav Modi worth Rs 568 mn

The ED launched the money laundering investigation against Nirav Modi and others on February 15 on the basis of an FIR registered by the CBI

Red Corner Notice not required to detain Mehul Choksi: CBI to MEA

In its request to Home Ministry, the CBI said Choksi's extradition was being sought "on grounds of principle of reciprocity and dual criminality"

Investigating officer in PNB case among 30 awarded medals by President

The officers awarded with Police Medal for Meritorious Service include Inspector D Damodaran who is probing country's biggest banking scam in Punjab National Bank involving Nirav Modi and Mehul Choksi

Mehul Choksi in Antigua; CBI receives confirmation, to seek extradition

Choksi had taken the citizenship of Antigua in November 2017, and oath of allegiance on January 15 this year, the officials said

Fraud-hit PNB to have claim on US assets of jeweller Nirav Modi, says court

On February 26, the government had filed a petition in the US court against bankruptcy proceedings of Modi and sought to make PNB a party to the sale of any assets of his entities

PNB fraud case: US bankruptcy court summons Nirav Modi, two aides

The US court had earlier not accepted PNB as creditor to the three companies

PNB to shut all operations at fraud-hit Brady House branch in Mumbai

The 123-year-old bank has lost more than half its market value since the fraud came to light in late January

PNB scam: ED files chargesheet against Mehul Choksi, 13 others under PMLA

The ED initiated money laundering case against Choksi in February, on the basis of the FIR filed by the Central Bureau of Investigation

PNB scam: Ex-RBI governor faults govt, says public trust in PSBs affected

Y V Reddy wants the government to take actions that reinforce public confidence in the RBI

PNB eyes capital infusion from govt, non-core asset sale for turnaround

Under the first tranche of recapitalisation, the government infused Rs 800 bn through bonds in public sector banks last financial year

PNB scam: ED summons Nirav's family, notice to be issued under no-show

Deepak, Purvi and Mayank have been asked to appear before the ED investigators at its Mumbai office to record their statements in the case

PNB fraud: ED seizes Choksi's jewellery worth Rs 85 cr brought from Dubai

The agency said the jewellery was "brought from Dubai" and has been seized under the Prevention of Money Laundering Act (PMLA).

PNB scam: CBI files chargesheet against Mehul Choksi, Gitanjanli group

The agency has also charged 16 other entities, besides Choksi and his companies.

PNB fraud: CBI names 2 EDs, ex-CEO Usha Ananthasubramanian in charge sheet

Central Bureau of Investigation (CBI) found their involvement in the Rs 140 billion fraud related to group of companies belonging to Nirav Modi and Mehul Choksi

Modi's counter attack to Congress on PNB scam after Karnataka polls

PNB issued over 1,200 fraudulent LoUs to Nirav Modi firms since 2011, of which around 400 were issued during the previous government's regime

Banking fraud fallout: Court allows ED to grill those held in PNB case

The agency had last week approached the court seeking its nod to question some of the accused, arrested by the CBI

PNB scam: Mehul Choksi refuses to join CBI probe, cites medical condition

CBI had asked him to appear before it for questioning in connection with first FIR in which Choksi is named as an accused

PNB scam: Impossible to return to India as passport suspended, says Choksi

Choksi said he was travelling "abroad for my business" and had embarked on the journey before CBI filed an FIR against him

Ghosts of past frauds haunt $60 bn jewellery industry as banks raise alarm

Over the past two weeks, banks have become very cautious about lending to the segment and steps are being taken to ensure that credit is given only to genuine exporters