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PNB in January alleged that Nirav Modi and his uncle Mehul Choksi had for years fraudulently raised billions of dollars in foreign credit by conspiring with staff at the bank. (Photo: File)

Country’s largest law firm under CBI scrutiny in PNB fraud case

Cyril Amarchand Mangaldas is being scrutinised after CBI seized documents related to PNB fraud from CAM's premises in Feb.

19 Sep 2018 9:41 AM

The 49-year-old jeweller has been repeatedly denied bail due to the seriousness of the allegations against him and remains behind bars in a London prison since his arrest in March 2019. (Diane Bondareff/AP file photo)

Arthur Road jail keeps special cell ready to lodge Nirav Modi

The prison department had also assured that Modi will be kept in a cell, where the number of detainees will be few

26 Feb 2021 12:34 PM

Addressing a public rally in Shillong, Congress president Rahul Gandhi said, 'Just because the BJP can buy a few MLAs, including Congress MLA, you cannot buy the church. You cannot take away our music just because you like Mohan Bhagwat or Modi's songs.' (Photo: ANI | Twitter)

Modi not against corruption, he is an instrument of corruption: Rahul

Congress chief Rahul Gandhi, who is on a two-day campaign trail in the north-eastern state, called for a 'BJP-mukt' Meghalaya.

21 Feb 2018 6:07 PM

The BJP has been consistently under attack from the Opposition after Niram Modi managed to flee the country weeks before investigating agencies opened probe. (Photo: File)

You can run, but can't hide from chowkidaar: BJP on Nirav Modi arrest

Nirav Modi, and his uncle Mehul Choksi are wanted in India's biggest scam of over Rs 13,500 crore.

20 Mar 2019 4:23 PM

PNB said it has not received any instruction from the government to compensate other lenders for losses arising out of the fraud.

PNB fraud put at close to USD 2 billion

Bank had earlier put the defrauded amount at Rs 11,394.02 crore (USD 1.77 billion).

27 Feb 2018 1:43 PM

Last month, Firestar Diamond, a company owned by Nirav Modi filed for bankruptcy in a New York court. (Photo: PTI)

PNB plans stake claim in insolvency proceedings of Nirav Modi companies

Following the scam, the Reserve Bank has stopped banks from issuing LoUs and Letters of Comfort for trade finance.

25 Mar 2018 11:24 AM

Modi grew up in Antwerp, Belgium, in a diamond-dealing family. (Facebook screengrab/NIRAVMODI)

‘All options are open’, Nirav Modi had said on taking bank loans

In January, PNB filed a criminal complaint with the CBI that accused Modi and others of defrauding the bank.

17 Feb 2018 9:51 AM

PNB officers arrested by the CBI on Monday included Bechhu Tiwari, chief manager incharge of forex department, Yashwant Joshi, manager of forex department, and Praful Sawant, officer export.

CBI arrests three more Punjab National Bank men for fraud

The probe agency suspects that the three were aware of the fraud but did not take measures to stop it.

20 Feb 2018 2:05 AM

Diamantaire Nirav Modi allegedly cheated the state-run Punjab National Bank by using fake 'letters of understanding' (LoUs) to get loans. (Photo: PTI/File)

PNB scam: Vipul Ambani, other accused sent to police custody

The CBI on Tuesday arrested Vipul Ambani and four other senior executives of Nirav Modi and Mehul Choksi companies.

21 Feb 2018 6:25 PM

Sujata Patil, wife of Arjun Patil asked the probe agency to catch the big fish and said, 'He did what he was told and has not done anything illegal.' (Photo: ANI)

Will thrash Nirav Modi with 'chappal', says wife of official held in PNB scam

As per the woman her husband, Arjun Patil earned a mere Rs 30,000 and had not taken a 'single extra rupee'.

22 Feb 2018 4:24 PM

CBI directed billionaire jeweller Nirav Modi to mandatorily join the investigation from next week. (Photo: PTI)

Nirav Modi not joining CBI probe, says 'have businesses abroad'

CBI asked to Nirav Modi to contact the High Commission of the concerned country and said it will arrange for his travel.

28 Feb 2018 5:58 PM

The chief executive officers of ICICI and Axis banks, Chanda Kochhar and Shikha Sharma, were summoned for questioning Tuesday in the Nirav Modi-Mehul Choksi perpetrated PNB fraud. (Photo: PTI | File)

PNB fraud: Top bankers Chanda Kochhar, Shikha Sharma summoned

ICICI Bank led a consortium of 31 banks that lent money to Mehul Choksi’s Gitanjali group.

06 Mar 2018 11:47 AM

Billionaire Nirav Modi, his uncle Mehul Choksi and others are being investigated by multiple probe agencies after the scam recently came to light following a complaint by the PNB. (Photo: File)

PNB fraud 'sketchy': Delhi HC seeks ED’s reply on Nirav Modi plea

'The relevant records involved in the matter should be placed before the court on the next date of the hearing, March 19,' the bench said.

07 Mar 2018 12:11 PM

Punjab National Bank (PNB)will take care of problems emanating from Rs 13,000-crore fraud perpetrated by billionaire jeweller Nirav Modi on its own and will not seek any government's assistance, its managing director Sunil Mehta said.

Nirav Modi fraud is bank's issue; will not seek govt support: PNB MD

The bank has enough resources and capability to meet the challenges posed by the fraud of this nature, he said.

09 Apr 2018 7:30 PM

The three companies sell jewellery to major retailers including Costco Wholesale Corp, J C Penny Co, Army/Navy Stores, Macy's Inc and Zale Corp, among others.

3 Nirav Modi-linked US firms 'directly involved' in bank fraud: report

Firestar Chief Executive Officer Mihir Bhansali and A Jaffe CFO Ajay Gandhi were involved in fraudulent transactions.

27 Aug 2018 11:09 AM

Priyanka Chopra quits as Nirav Modi’s brand ambassador, ends contract

Sidharth Malhotra, also a part of the Nirav Modi ad, had completed his contract with them.

23 Feb 2018 3:24 PM

"I had a cardiac procedure which was conducted in the first week of February 2018 and there is still pending work to be done on the same," Choksi said. (Photo: File)

Persistent health problem, can't return to India: Choksi to CBI

As his passport has been suspended by the Government, he also demanded to know the reason behind the action.

08 Mar 2018 3:39 PM

Nirav Modi and paintings that have gone for auction.

Bombay HC seeks I-T’s response on Nirav Modi’s plea against auction

The court has not granted any interim relief to the company in the petition and kept the hearing on April 1.

28 Mar 2019 6:27 AM

The ED has recently transferred shares seized worth approximately Rs. 6,600 crore to State Bank of India (SBI) led consortium as per the order of PMLA Special Court, Mumbai. (Image credit: Facebook)

ED transfers Rs 9,371.17 cr seized assets of Mallya, Nirav, Choksi to PSBs, Centre

Vijay Mallya, Nirav Modi, and Mehul Choksi had allegedly defrauded various PSBs by siphoning off the funds through their companies

23 Jun 2021 12:59 PM

Nirav Modi seeks permission to appeal extradition to India in UK top court

It is unknown if and when extradition may take place as Nirav Modi still has legal challenges open to him

24 Nov 2022 12:32 PM

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Sanjaya Baru