Mehul Choksi | The Asian Age

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Nirav Modi's 'planned' exit from India, is similar to one by Winsome Diamond Group promoter Jatin Mehta, who is also considered one of the biggest corporate defaulters. (Photo: PTI)

Nirav Modi in St Kitts, seeking island nation citizenship: report

St Kitts has become the perfect place for Nirav Modi to stay as it does not have an extradition treaty with India.

25 Feb 2018 2:02 PM

The Enforcement Directorate has seized 21 immovable properties under PMLA

Properties worth Rs 523crore seized

ED would need Nirav Modi’s conviction under PMLA to recover loan.

25 Feb 2018 4:48 AM

Nirav Modi and Mehul Choksi, key accused in Rs 11,400 crore Punjab National Bank scam. (Photo: PTI)

PNB case: Nirav, Choksi lose passport; ED attaches 21 properties

The CBI examined PNB’s CEO Sunil Mehta and the bank’s executive director to understand how the fraud took place.

25 Feb 2018 3:06 AM

Tax havens, also called “offshore financial centres” (OFC), are an important offshoot of the global growth of finance capital after the 1970s.

Tax havens turn financial black holes

The number of tax havens has also grown with the growth of financial liberalisation and generation of wealth abroad.

25 Feb 2018 12:57 AM

CBI said the examination is focused on understanding how the crime was detected by the bank and other procedural issues and their violations. They are not being treated as accused, the officials said. (Photo: PTI)

PNB fraud case: CBI questions MD, ED, 12 others

Refusing to give out any further details, the officials said the agency is also questioning the 12 accused arrested by the agency so far.

24 Feb 2018 8:15 PM

PNB fraud case: Govt revokes passports of Nirav Modi, Mehul Choksi

The MEA sent an email informing Nirav that his passport stands revoked under section 10 (3) (C) of the Passport Act.

24 Feb 2018 5:14 PM

On Thursday, Prime Minister Modi said the government will not tolerate embezzlement of public funds and will continue to come down strongly on instances of financial irregularities. (Photo: File)

Modi world’s costliest ‘chowkidar’, says Congress

Kapil Sibal made this remark while highlighting a bank fraud allegedly committed by a Delhi based jewellery outlet.

24 Feb 2018 3:48 PM

Abhishek Manu Singhvi had earlier refuted the allegations made against his family and described the I-T action as "harassment" being meted out to him as he belonged to an opposition political party. (Photo: PTI)

After Abhishek Singhvi’s ‘harassment’ charges, wife submits response to I-T dept

Officials said an authorised representative of Anita Singhvi submitted her response to the tax department on Friday.

24 Feb 2018 3:13 PM

The agency has also summoned Modi, Ami and Modi's uncle and Gitanjali Gems promoter Mehul Choski for questioning in the case on February 26. (Photo: Nirav Modi website)

PNB fraud case: ED attaches 21 properties of Nirav Modi worth Rs 523 cr

With the latest action, the total assets seized by the ED in this case are now over Rs 6,393 crore, officials claimed.

24 Feb 2018 2:32 PM

Speaking at the ET Global Business Summit 2018 in New Delhi, Jaitley said repeated occurrence of fraud causes major setbacks to efforts for improving ease of doing business. (Photo: ANI)

Bank frauds will impact Indian business negatively: Arun Jaitley

Jaitley hinted at the introduction of new regulations, adding that they need to keep a 'third eye' on the sector.

24 Feb 2018 12:26 PM

The top businessman also clarified that laptops, mobile phones issued by the organisation can remain with employees until dues were cleared, adding that relieving letters and experience certificates would be issued to them when necessary. (Photo: File)

Unable to clear dues, 'helpless' Mehul Choksi writes to employees

Choksi, in a communication to over 3,500 employees, said it would be 'very tough' to clear dues of his employees or pay future salaries.

24 Feb 2018 12:08 PM

The company has availed various credit facilities from OBC between 2007-12, which swelled to Rs. 389 crore during the period. (Photo: PTI)

After Nirav Modi, another diamantere booked for Rs 389.85 cr fraud

The CBI has booked Dwarka Das Seth International Pvt Ltd for the alleged fraud towards Oriental Bank of Commerce.

24 Feb 2018 9:09 AM

Over 700 workers protest move to seal Gitanjali group

Employees from five branches came together on Friday afternoon and started protesting outside the sealed shop of Gitanjali in Andheri.

24 Feb 2018 5:52 AM

Congress: Nirav and Choksi have duped middleclass

The Congress is also planning to raise the issue in the upcoming parliament session.

24 Feb 2018 1:08 AM

Both Modi and Choski are said to have left the country last month before criminal cases were lodged against them.

PNB scam: ED to quiz Nirav’s wife, freezes Rs 44 crore assets

The ED also seized a huge collection of imported watches from a workshop linked to Modi.

24 Feb 2018 12:37 AM

The CBI had filed the case against Vikram, his wife Sadhana and Rahul, and unidentified bank officials. (Photo: File)

Rotomac fraud: Vikram Kothari, son sent to 1-day transit remand

A consortium of seven banks had extended loans worth Rs 2,919 crore to Rotomac Global Pvt Limited 2008 onwards, according to a CBI FIR.

23 Feb 2018 3:15 PM

PNB asks Nirav Modi to share plan to repay Rs 11,400 crore

ED sources said fresh summons were issued against Nirav Modi after he failed to appear.

23 Feb 2018 3:10 AM

Finance Minister Arun Jaitley (Photo: PTI)

Govt ‘failure’ over PNB threat to its credibility

Modi govt’s biggest failure is in making the bureaucracy — in governments and in quasi-government bodies — stakeholders in a popular administration.

23 Feb 2018 1:58 AM

ED seized nine high-end luxury cars of Nirav Modi as part of its investigation against him under the criminal provisions of the Prevention of Money Laundering Act (PMLA). (Photo: ANI | Twitter)

PNB scam: From Rolls Royce to Mercedes, ED seizes Nirav Modi's 9 luxury cars

ED on Thursday said it has frozen mutual funds and shares worth Rs 94.52 crore of the Nirav Modi and Mehul Choksi groups.

22 Feb 2018 7:00 PM

Niravi Modi and Gitanjali Gems Chairman and Managing Director Mehul Choksi have been accused of cheating the PNB to the tune of over Rs 11,300 crores. (Photo: Facebook)

Nirav Modi not absconding, out of India for business purpose: lawyer

The PNB has lodged two financial fraud complaints of Rs 11,400 crore and Rs 280 crore against Nirav Modi, his family and Mehul Choksi.

21 Feb 2018 2:50 PM

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Abhijit Bhattacharyya