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The bank initially reported to authorities on Jan 29 that the jewellery groups had defrauded it. On February 14, it said the fraud sum had reached Rs 11,400 crore after a detailed investigation. (Photo: PTI)

PNB fraud amount likely to swell beyond USD 2 bn mark

Investigators had not yet recovered all the papers and loan guarantees allegedly issued by rogue employees of the bank.

07 Mar 2018 10:52 AM

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

SFIO grills Punjab National Bank MD for five hours

Meanwhile, Axis Bank informed that its exposure to these entities is approximately Rs 200 crore.

08 Mar 2018 6:30 AM

PNB fraud: Choksi refuses to join CBI probe again

A separate FIR against him and his company, Gitanjali group, had also been registered by the agency.

21 Mar 2018 12:26 AM

The CBI is preparing to send judicial requests to five countries to seek more information about the overseas business activities of Nirav Modi and Choksi as part of its investigation into the multi-crore PNB fraud case. (Photo: PTI)

PNB probe: ED to approach tax haven countries

The CBI has so far registered total three FIRs pertaining to the PNB fraud case.

02 Apr 2018 5:47 AM

Nirav Modi and Mehul Choksi (Photo: PTI)

PNB scam: CBI quizzes officials of 3 PSU banks

Five officers, in the ranks of general manager and above, have been examined by the agency in the last few days.

03 Apr 2018 12:18 AM

Khan was in charge of financial markets, internal debt management departments, foreign management among others at the central bank. (Photo: PTI)

CBI questions former RBI deputy governor

The scheme had allegedly helped Mr Choksi’s company and a few other make windfall gains.

07 Apr 2018 5:47 AM

Non performing assets (NPAs) or bad loans in the banking sector are set to shoot up by at least Rs 8,000 crore.

Bad loans in Q4 to rise by Rs 8,000 cr on account of Gitanjali

Gitanjali Gems group have turned bad during the quarter ended March 31.

15 Apr 2018 1:41 PM

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

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

Nirav Modi (in red circle) and PM Narendra Modi along with the Indian business delegation at Davos in January.

Congress targets Modi on Nirav ‘link’; ED seizes Rs 5,000 cr gems

Nirav left India on Jan. 1, his wife and business partner Choksi flew out on January 6.

16 Feb 2018 3:33 AM

The Ministry of External Affairs on Friday suspended validity of passports of Nirav Modi and his business partner and uncle Mehul Choksi with immediate effect for a period of four weeks. (Facebook screengrab/NIRAVMODI)

Interpol notice out, but is diamantaire Nirav Modi in this New York hotel?

His clientele includes only high net-worth individuals, and his jewellery ranges from Rs 2 lakh to hundred crores.

16 Feb 2018 4:33 PM

Cong President Rahul Gandhi said the entire country was keen to know the 'secret behind his silence' and alleged that it screams out loudly where his loyalties were. (Photo: File)

Cong calls PM 'Maun Modi', questions his silence on Nirav Modi bank scam

Rahul attacked the PM's 'silence' on PNB fraud, questioned where 'country's watchman' was when Nirav Modi fled like Vijay Mallya.

20 Feb 2018 10:33 AM

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

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

Another ex-PNB official arrested

The agency arrested the retired second senior-level internal auditor of the bank for allegedly overlooking the irregularities during the audit.

03 Mar 2018 1:38 AM

The Congress leader alleged that what this government is doing is not only 'targeted vendetta' against the former finance minister, but also 'excessive vilification'. (Photo: PTI)

BJP charges against Chidambaram on PNB scam false and baseless: Cong

The former commerce minister also denied that any files were signed by the former finance minister on May 16, 2014, as alleged by Prasad.

07 Mar 2018 3:17 PM

According to another source, technical efforts are on to gather clues to establish the duo’s whereabouts.

Will it be Extradition or deportation ?

For instance, India had concluded a MLAT with the Hong Kong Special Administrative Region of China in 2009.

15 Mar 2018 5:44 AM

CBI on Wednesday questioned two Canara Bank officials from the Bahrain branch and one Bank of India official.

Canara Bank, Bank of India officials questioned in PNB scam case

The PNB in February detected the multi-crore scam, wherein Nirav Modi and Mehul Choksi had allegedly cheated the bank.

12 Apr 2018 12:11 PM

'Our mission in Hong Kong has informed that Department of Justice of Hong Kong are still examining our request for provisional order of arrest of Nirav Modi. We are awaiting response,' MEA spokesperson Raveesh Kumar said. (Photo: ANI/Twitter)

PNB scam: India awaiting Hong Kong's response on Nirav Modi's arrest

MEA said India has requested Hong Kong to surrender Nirav Modi based on extradition pact for surrender of fugitive offenders inked in 1997.

12 Apr 2018 9:12 PM

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

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