Pnb Scam | The Asian Age

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

CBI says it had no role in escape of Nirav, Choksi

The CBI had in October 2015 issued a look out circular against Mallya asking immigration authorities to detain him upon his return from abroad.

16 Sep 2018 3:18 AM

The bank had gross bad loans of Rs 82,888.79 crore on its books by the end of the first quarter of this fiscal.

PNB invites bids from ARCs for 21 NPA accounts to recover Rs 1,320 cr

The scam-hit lender made NPA recoveries of over Rs 7,700 crore in the first quarter of 2018-19.

13 Sep 2018 10:19 AM

The ED has identified Bhansali as the 'second-in-command' in the Firestar Group after Nirav Modi. (Photo: File | PTI)

Interpol issues Red Corner Notice against Nirav Modi’s trusted aide

The notice, which acts as international arrest warrant, states Bhansali is required by Indian probe agencies on 'money laundering' charges.

06 Sep 2018 8:22 PM

Jeweller Mehul Choksi is one of the accused in the Rs 13,500 crore PNB scam. (Photo: File)

Should Mehul Choksi be extradited? Antigua top legal officers to discuss

Antigua Prime Minister Gaston Browne iterated his government's full cooperation with the Indian authorities on extradition.

01 Sep 2018 5:39 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

Nirav Modi in UK, confirm authorities; CBI files for extradition

CBI has sent an extradition request to the United Kingdom after authorities confirmed Nirav Modi's presence.

20 Aug 2018 12:31 PM

Mehul Choksi and his nephew Nirav Modi are wanted in India for Rs 13,500 crore Punjab National Bank fraud. (Photo: File)

India cops okayed our background check of Mehul Choksi: Antigua

Granted citizenship to Choksi after police clearance certificate said there was 'no adverse information' against him: Antigua.

03 Aug 2018 11:53 AM

Choksi and his nephew Nirav Modi are being probed by the ED and CBI for allegedly cheating Punjab National Bank of over Rs 13,400 crores.

India urges Antigua to take Mehul Choksi into custody

Choksi’s passport was revoked in February this year after he was wanted for an offence relating to money-laundering.

31 Jul 2018 4:56 AM

Last week, Mehul Choksi reportedly claimed he had taken Antigua citizenship last year to expand his business as the passport of the Caribbean nation provides visa-free travel to 132 countries. (Photo: File)

Detain, restrict Mehul Choksi's movement: India tells Antigua

Following reports of Mehul Choksi's presence in Antigua, India requested authorities there to restrict his movements.

30 Jul 2018 1:04 PM

India had cancelled passports of both Mehul Choksi and his nephew Nirav Modi in February, after investigators uncovered a huge loan fraud at the Punjab National Bank. (Photo: File)

CBI writes to Antigua for Mehul Choksi's whereabouts as chase intensifies

Indian investigators suspect Choksi may have bought the citizenship of Antigua.

25 Jul 2018 2:30 PM

PNB suffered a standalone net loss of Rs 12,282.82 crore in 2017-18, as against a profit of Rs 1,324.80 crore in 2016-17.

PNB's big wilful defaulters' dues fall to Rs 15,354 crore in June

The total bad loan write-off by the public sector banks stood at over Rs 1.20 lakh crore in the last fiscal.

09 Jul 2018 10:15 AM

The NPA in the banking sector stood at Rs 8.31 lakh crore as of December 2017.

PNB invites bids to sell 3 NPA accounts to recover over Rs 136 cr

The process of e-bidding for the sale of these accounts will happen on July 7, 2018.

06 Jul 2018 2:34 PM

The notice was issued on June 29 but made public on Monday by the Interpol, sources said, adding that it will make unhindered movement of Modi across border difficult and might lead to his arrest.

Interpol issues Red Corner Notice against Nirav Modi in PNB fraud

Nishal and Parab have also been chargesheeted by the CBI along with Nirav Modi and Mehul Choksi for alleged corruption and cheating.

03 Jul 2018 7:33 AM

There were reports that Mr Modi, wanted in connection with PNB fraud case, may have visited the UK, France and Belgium in the past few weeks. (Photo: File)

Nirav Modi didn’t have more than one passport: MEA

The ministry of external affairs (MEA) has written to several European countries seeking help in tracing bank fraud fugitive.

29 Jun 2018 7:09 AM

Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems, have allegedly defrauded Punjab National Bank of over Rs 13,000 crore.

DRI serves arrest warrant on Nirav Modi through email

Sources said the warrant was issued by a court in Surat in Gujarat after Nirav Modi failed to appear before it in connection with the case.

25 Jun 2018 5:43 AM

Investigating agencies are also trying to establish if Nirav Modi was using passport of some other country for traveling.

PNB scam: Nirav may face fresh case over multiple passports

Both CBI and ED have attached the passport revocation order in its appeal to the Interpol to get a Red Corner Notice issued against the fugitive.

18 Jun 2018 5:26 AM

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

PNB scam: Proceedings to attach overseas assests of accused soon

CBI recently filed a chargesheet against billionaire jewellers Nirav Modi and his uncle Mehul Choksi.

17 Jun 2018 6:57 AM

PNB HK is required to maintain high quality liquid assets (HQLA) in Hong Kong equivalent to 100 per cent of unpledged deposits.

Hong Kong regulator enhances supervision of PNB's HK branch

The scam was perpetrated by way of fraudulent LoUs generated in the name of Punjab National Bank.

13 Jun 2018 1:55 PM

PNB scam: CBI set to issue red corner notice against Modi, Choksi

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

09 Jun 2018 5:28 AM

Court tells PNB scam accused to amend bail plea

A single bench of Justice Ajay Gadkari was hearing Mr Ambani’s bail application.

08 Jun 2018 5:20 AM

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Shobhaa De