Nirav Modi | The Asian Age

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ED files its 1st chargesheet in PNB case

This is the first time that the agency has named family members in a chargesheet.

25 May 2018 2:29 AM

The ED chargesheet focuses on the money laundering aspect and the role of Nirav Modi and others in perpetrating the alleged fraud, a senior official said. (Photo: File)

PNB fraud case: ED files chargesheet against Nirav Modi, associates

ED said about 12,000 page chargesheet or the prosecution complaint has been filed before special court under various sections of PMLA.

24 May 2018 6:07 PM

The chargesheet names managing director of Gitanjali group Mehul Choksi, former PNB managing director and CEO Usha Ananthasubramanian and two serving executive directors of PNB, Brahmaji Rao and Sanjiv Sharan, and PNB deputy manager Gokulnath Shetty among others. (Photo: File)

PNB scam: Court orders issuance of non-bailable warrant against Mehul Choksi

The second chargesheet has been registered for a total amount of Rs 7,080.86 crore, covering 142 LOUs and 58 foreign letters of credit.

23 May 2018 1:13 PM

Nirav Modi and Mehul Choksi (Photo: PTI)

Enforcement Directorate to file charges against Modi, Choksi next week

The CBI, in its chargesheet, detailed the roles of Mr Modi, his brother Nishal Modi and Subhash Parab, an executive in Nirav Modi’s company.

23 May 2018 1:57 AM

PNB has also relieved the two executive directors, Rao and Sharan, of their duties.

Top executives at fraud-hit PNB misled RBI, CBI alleges

RBI had repeatedly cautioned all banks, including PNB, and had sought details from the banks.

22 May 2018 9:10 AM

ED attaches assets of fugitive diamantaire worth Rs 170 crore

The Central Bureau of Investigation and the ED registered two first information reports each in the case.

22 May 2018 1:57 AM

CBI court issues NBW against Nirav Modi

Issuance of NBW against these persons would allow the CBI to fulfil the criteria of Interpol for issuing Red Corner Notice (RCN).

22 May 2018 1:55 AM

Nirav Modi and Choksi are being investigated by the Enforcement Directorate (ED) for allegedly cheating Punjab National Bank, the country's second largest lender, to the tune of more than USD 2 billion or over Rs 13,000 crore. (Photo: PTI)

PNB fraud case: ED attaches more assets of Nirav Modi worth Rs 170 Cr

ED issued a provisional order under PMLA attaching number of bank accounts, immovable assets and share investments of Nirav Modi.

21 May 2018 5:04 PM

The bank was asked to provide details of inspection that resulted in detection of the fraud and provide copy of inspection reports.

PNB refuses to disclose details on over Rs 13,000 cr scam

RBI had also earlier declined to share inspection reports for scam-hit PNB.

21 May 2018 8:40 AM

Nirav Modi and Mehul Choksi, key accused in Punjab National Bank scam. (Photo: PTI)

CBI set to seek Interpol warrant on Nirav Modi, uncle

The CBI last week filed its first chargesheet in the alleged Rs 13,400 crore PNB fraud case involving Modi and his uncle Choksi.

20 May 2018 5:07 AM

PNB said on Thursday that markets regulator Sebi has warned it for delay in disclosures to stock exchanges about the USD 2 billion fraudulent transactions allegedly carried out by Nirav Modi and Gitanjali Group of companies.

Sebi warns PNB for late disclosures in Nirav Modi scam

The PNB was defrauded of over USD 2 billion allegedly by diamond trader Nirav Modi.

17 May 2018 5:06 PM

PNB Housing Finance is now more valuable than its parent company PNB which has seen its market capitalisation more than halve since being hit by a massive banking fraud.

PNB Housing Finance more valuable than its parent PNB

The market capitalisation of PNB Housing Finance stood at Rs 21,199.07 crore.

17 May 2018 1:45 PM

PNB fraud: CBI files second chargesheet

Apart from Mehul Choksi, those chargesheeted include ten officials of PNB.

17 May 2018 5:52 AM

Centre clips power of Allahabad Bank CEO

2 executive directors of PNB to have powers divested.

15 May 2018 2:10 AM

Accused’s modus operandi ‘revealed’

However, all three were part of the racket and did not take any action or raised an alarm despite knowing about Shetty’s illegal activities.

15 May 2018 1:39 AM

Among the accused are the bank’s former chief Usha Ananthas-ubramanian, who is now Allahabad bank CEO and MD.

Nirav Modi chargesheeted

Among accused is bank’s former chief Usha Ananthasubramanian.

15 May 2018 1:37 AM

The CBI has registered three separate FIRs in connection with the alleged fraud in the public sector bank by the companies of the nephew-uncle duo of Modi and Choksi. (Photo: File)

PNB scam case: CBI chargesheet names bank ex-chief, details Nirav Modi's role

In the chargesheet, CBI has detailed alleged role of bank's former chief Usha Ananthasubramanian and other senior officials.

14 May 2018 2:47 PM

RBI is also undertaking a detailed probe into the case for necessary action.

PNB scam: RBI declines to share copies of inspection reports

The scam, considered to be the biggest ever fraud in India's history, came to light earlier this year.

14 May 2018 9:24 AM

CBI to file chargesheet in Punjab National Bank scam

The chargesheet will help the agency in expediting the extradition process against Nirav Modi and Choksi.

14 May 2018 6:36 AM

De Beers, the world's largest diamond producer, has said the business in the country will continue to grow this year.

Diamond business in India will continue to grow this year: De Beers

India will grow exceptionally, which was affected since last two year due to implementation of GST and demonetisation.

13 May 2018 3:03 PM

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