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Exclusive: In unravelling Nirav Modi's PNB moves, fresh evidence shows lender is playing the victim card
Yatishyadav •The investigators suspect that Nirav Modi and his uncle Mehul Choksi all along knew that one day the loot would be unraveled and started plotting to erase the evidence linking them and frame others in the fraud.
PNB fraud: Bank accuses Nirav Modi, team of rigging US bankruptcy auction; moves New York court
Yatishyadav •PNB has also claimed that before filing bankruptcy petition, Modi’s right hand man Mihir Bhansali was in touch with the fugitive diamantaire
PNB fraud: US court calls for probe of troubled lender's employees before deciding on bankruptcy proceedings
Fp Staff •A US court has called for an investigation into the role of PNB employees in the alleged fraud involving diamantaire Nirav Modi and his companies.
PNB fraud: CBI likely to file chargesheet in May; agency finds major lapses by bank officials in issuing LoUs to Nirav Modi’s firms
Fp Staff •CBI is likely to file its first chargesheet in the second week of May in PNB scam involving Nirav Modi, his uncle Mehul Choksi and their companies.
Unravelling PNB Rot Part 2: Secret trip by Indian bankers to Hong Kong to cover up scam under scanner
Yatishyadav •A large chunk of buyer’s credit was raised by PNB's Mumbai branch to various government-owned banks in Hong Kong to facilitate companies owned by the diamantaires.
Punjab National Bank plans to stake claim in insolvency proceedings of Nirav Modi's Firestar Diamond group
•The bank is exploring all options for the recovery, including participating in the bankruptcy proceeding of Firestar Diamond Incorporation, sources said.
PNB fraud: ED analysing 120 shell companies, files two cases against Nirav Modi, Mehul Choksi under PMLA
•ED has conducted 247 searches at various locations in country, total assets amounting to Rs 7,638 crore have been seized in the case.
PNB fraud fallout: Assocham survey shows 10-15% drop in diamond demand in two months
Ians •The demand for diamond jewellery seems to have decreased by 10-15 percent within two months, Assocham said
PNB scam: Govt makes startling revelation in Parliament, says RBI had cautioned banks multiple times on SWIFT misuse
Ians •RBI has mandated commercial banks to put in place adequate audit and compliance mechanisms with bank board-level reporting through the audit committee of the board post PNB scam.
No Nirav Modi firm featured in list of 2.26 lakh companies deregistered as part of anti-black money measure: Govt
•As part of larger efforts to curb the black money menace, the corporate affairs ministry has deregistered little over 2.26 lakh companies.