Latest News on Billionaire Diamond King Nirav Modi
Showing of 0 - 10 from 7 results
Billionaire Diamond King Nirav Modi - Total results - 7
May 18, 2018
PNB fraud: ED seizes Mehul Choksi firm's jewellery worth Rs 85 crore brought from DubaiMehul Choksi, along with his nephew and millionaire designer jeweller Nirav Modi, is being investigated by the ED for allegedly defrauding PNB, the country's second largest lender.
Apr 18, 2018
IMF urges India to strengthen ability of banks to go after debtors, warns that debts negatively impact investments"The corporate debt overhang and associated banking sector credit quality concerns exert a drag on investment in India," the IMF's World Economic Outlook report released on Tuesday said.
Mar 16, 2018
World Bank official plays down PNB scam, says not a systemic issueThe World Bank does not feel that nearly Rs 13,000-crore PNB scam is indicative of a systemic problem with the nation's financial sector, in sharp contrast to its Bretton Woods peer IMF that had called for more changes on the governance front to prevent recurrence of such frauds
Mar 12, 2018
PNB scam: Overreaction by banks, investigative agencies could hurt credit flow, says AssochamSupporting the calls from industry for privatising public sector banks (PSBs) in the wake of the PNB scam by accused diamantaire Nirav Modi and his uncle Mehul Choksi, Assocham said that some immediate steps should be taken for capacity building in PSBs.
Mar 02, 2018
Nirav Modi scam: US court prevents creditors from collecting debt from Firestar DiamondNirav Modi, who is being investigated for illegal transfer of nearly $2 billion from Punjab National Bank, has a majority stake in Firestar Diamond and its other sister companies through his other companies
Feb 19, 2018
'Compulsive liar' Mehul Choksi should have been caught 4 years ago, says ex-Gitanjali Gems MD Santosh SrivastavaThe 'money owed to the country is Rs 11,400 crore' which could have been much lesser if the government agencies had taken action when Srivatsava contacted them with letters pointing out the anomalies in Gitanjali Gems, he said.
Feb 16, 2018
Rs 11,000 cr Nirav Modi case: How Punjab National Bank fell victim to one of India's biggest bank fraudsPunjab National Bank has accused three companies - Solar Exports, Stellar Diamonds and Diamond R US - it said belong to Nirav Modi.