Latest News on Firestar Diamond
Showing of 0 - 10 from 41 results
Firestar Diamond - Total results - 41
Aug 13, 2018
PNB scam: Investigators want to question Nirav Modi’s confidant Mihir Bhansali after emergence of shocking new detailsAccording to sources Bhansali, who lives in a $7 million Manhattan apartment overlooking the sublime Hudson River, was not only the top executive of Firestar Diamond but an active collaborator helping Modi pull off the biggest fraud in the Indian banking history.
May 28, 2018
Exclusive: In unravelling Nirav Modi's PNB moves, fresh evidence shows lender is playing the victim cardThe 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.
May 24, 2018
PNB fraud: Bank accuses Nirav Modi, team of rigging US bankruptcy auction; moves New York courtPNB has also claimed that before filing bankruptcy petition, Modi’s right hand man Mihir Bhansali was in touch with the fugitive diamantaire
May 16, 2018
PNB fraud: US court calls for probe of troubled lender's employees before deciding on bankruptcy proceedingsA US court has called for an investigation into the role of PNB employees in the alleged fraud involving diamantaire Nirav Modi and his companies.
Apr 27, 2018
PNB fraud: CBI likely to file chargesheet in May; agency finds major lapses by bank officials in issuing LoUs to Nirav Modi’s firmsCBI 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.
Apr 16, 2018
Unravelling PNB Rot Part 2: Secret trip by Indian bankers to Hong Kong to cover up scam under scannerA 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.
Mar 25, 2018
Punjab National Bank plans to stake claim in insolvency proceedings of Nirav Modi's Firestar Diamond groupThe bank is exploring all options for the recovery, including participating in the bankruptcy proceeding of Firestar Diamond Incorporation, sources said.
Mar 23, 2018
PNB fraud: ED analysing 120 shell companies, files two cases against Nirav Modi, Mehul Choksi under PMLAED has conducted 247 searches at various locations in country, total assets amounting to Rs 7,638 crore have been seized in the case.
Mar 16, 2018
PNB fraud fallout: Assocham survey shows 10-15% drop in diamond demand in two monthsThe demand for diamond jewellery seems to have decreased by 10-15 percent within two months, Assocham said
Mar 14, 2018
PNB scam: Govt makes startling revelation in Parliament, says RBI had cautioned banks multiple times on SWIFT misuseRBI 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.