Firestar Diamonds

PNB fraud: Gitanjali Group VP Vipul Chitalia sent to police custody, ED to issue LRs to over 15 countries

ED would be sending the LRs to countries like the United States, the UK, the UAE, Hong Kong, Singapore, South Africa and others.

PNB fraud: CBI arrests Nirav Modi's head of finance Vipul Ambani, 4 others; jewellery firm executives under scanner

India's federal investigating agency on Tuesday arrested another five executives as it swooped down on companies run by two main suspects in an alleged $1.8 billion bank fraud case that continued for six years.

Punjab National Bank fraud case: CBI probe reveals officials took commissions to sign LoUs

Punjab National Bank officials used to take percentage commissions in lieu of issuing letters of undertaking and foreign letters of credit to diamond czar Nirav Modi and his partner Mehul Choksi and their firms, according to the probe into the Rs 11,300 crore banking scam