PNB Fraud Case | The Asian Age

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PNB Fraud case Page-6

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

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

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

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

A bench comprising Chief Justice Dipak Misra and Justices AM Khanwilkar and DY Chandrachud said it was at present not 'saying anything on the matter' and listed the PIL filed by lawyer Vineet Dhanda for further hearing on March 16. (Photo: File)

PNB scam: Centre opposes PIL seeking SIT probe, SC defers case to Mar 16

The plea seeks an independent probe and deportation of jeweller Nirav Modi in the Rs 11,400 cr PNB fraud case.

21 Feb 2018 1:52 PM

Modi allegedly cheated the state-run bank by using fake “letters of understanding” (LoUs) to get loans. Most of the letters were sent to overseas offices of Indian banks, which made the actual loans, said Sunil Mehta, PNB's MD. (Photo: PTI)

PNB scam: Bank GM held after Vipul Ambani, 4 others of NiMo Jewellers

Nirav Modi sent a letter to the bank this week saying he owes less than half the amount claimed by the bank in the alleged fraud.

20 Feb 2018 9:31 PM

The RBI had advised the banks to get the SWIFT infrastructure comprehensively audited for malicious software script or activities. (Photo: PTI)

In June 2016 before PNB fraud, RBI warned banks of SWIFT abuse

The circular has emerged a day after the Centre said the PNB fraud was a result of failure of the RBI.

20 Feb 2018 8:54 PM

PNB, the second largest state-run bank, had on February 14 detected a USD 1.77 billion fraud at its Brady House branch in south Mumbai and named the firms led by Modi and his uncle Mehul Choksi's Gitanjali Group and some other diamond and jewelry merchants as suspects. (Photo: File)

Nirav Modi raided by I-T dept in Jan 2017 after note ban: sources

However, the raids did not result in flagging the Rs 11,400 crore bank fraud, which Nirav was allegedly pulling off.

20 Feb 2018 7:08 PM

West Bengal BJP released photographs of state Finance Minister Amit Mitra with founder of Gitanjali Gems Mehul Choksi who is on the run in the Punjab National Bank (PNB) fraud case. (Photo: Twitter | @DilipGhoshBJP)

Comment didi: BJP mocks Mamata over Bengal min's pics with Mehul Choksi

The pictures were tweeted by WB BJP chief with a post that those were of Bengal Global Business Summit organised in Mumbai in July, 2017.

20 Feb 2018 1:33 PM

The stock tumbled 9.99 per cent to Rs 33.80 -- its lower circuit limit -- on BSE. (Photo: PTI | File)

Shares of Gitanjali Gems continue to fall for 4th session; down 10 per cent

Four big jewellers -- Gitanjali, Ginni, Nakshatra and Nirav Modi -- are under scanner.

19 Feb 2018 12:34 PM

The agency has filed the case under the Prevention of Money Laundering Act (PMLA) on the basis of an FIR registered by the Central Bureau of Investigation (CBI). (Photo: ANI)

Top vigilance body issues advisory to public sector banks to transfer officers

The CVC advisory stated that the transfer of all clerical staff who have completed 5 years as on Dec 31, 2017 'should be done immediately'.

19 Feb 2018 12:23 PM

A senior employee of the jeweller's Firestar International Company, Vipul Ambani, was probed on Sunday along with other officials. (Photo: PTI)

PNB fraud case: CBI summons Nirav Modi’s top official, seals Mumbai branch

Nirav Modi's CFO Ravi Gupta has been called for interrogation in Mumbai.

19 Feb 2018 11:36 AM

The bank said these fraudulent transactions had taken place over a number of years and amounted to Rs 11,400 crore. (Photo: File)

Indian banks take hit of at least Rs 17,632 cr from PNB fraud: Tax dept

As of March 2017, banks had extended loans and guarantees worth Rs 17,632 crore to companies tied to Nirav Modi and Choksi, tax dept said.

18 Feb 2018 8:47 AM

Congress leader Abhishek Manu Singhvi said, 'NDA cheap sense of politics has reached ludicrous and ridiculous proportions.' (Photo: File | PTI)

Abishek Singhvi threatens Sitharaman with legal action, denies blame

Singhvi said, 'Neither My wife, sons nor me have anything whatsoever to do with Gitanjali or Nirav Modi companies.'

17 Feb 2018 6:39 PM

Congress leader Kapil Sibal on Saturday held BJP responsible for the Rs 11,400-crore PNB scam involving jewellery designer Nirav Modi and accused Narendra Modi of institutionalising 'crony capitalism'. (Photo: Twitter | ANI)

NiMo scam: PM sleeps while thieves flee with country's wealth, accuses Cong

Kapil Sibal accused the Prime Minister's office and the finance ministry of turning a blind eye to the multi-crore bank scam.

17 Feb 2018 5:06 PM

Defence Minister Nirmala Sitharaman on Saturday said that the entire might of the Government has been invoked to pin the 'culprit' Nirav Modi in the Rs 11,000-crore PNB fraud case. (Photo: ANI | Twitter)

We're doing what Congress didn’t do: Sitharaman on PNB fraud case

Sitharaman asked the Congress to explain the circumstances under which the Allahabad Bank official Dinesh Dubey was forced to resign.

17 Feb 2018 3:31 PM

Congress leader Kapil Sibal said, 'Our country's custodians are busy advising us to make 'pakodas'. Today the situation is such that the custodian is sleeping and the thief has run away.' (Photo: ANI)

Congress holds BJP responsible for Nirav Modi fraud case

Both Congress and the BJP have been holding the other responsible for the fraud, with Surjewala even calling Nirav Modi as 'Chota Modi'.

17 Feb 2018 3:04 PM

The party in its mouthpiece, Saamna, said Nirav Modi was spotted in the events organised on Prime Minister Narendra Modi's Davos visit. (Photo: File)

‘Nirav Modi is BJP’s partner’, alleges Shiv Sena

The article concluded that Bhujbal and Lalu Prasad are behind the bars, but Mallya and Nirav Modi are absconding with lakhs and crores.

17 Feb 2018 12:16 PM

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Anita Katyal