According to the CBI, the executive was aware of the fraudulent letters of undertaking (LoUs) issued by PNBs former deputy manager Gokulnath Shetty in favour of Modi's firms.
Nirav Modi, Vijay Mallya aren't only fraudsters to have fled India; RTI shows 184 others on loose: Exclusive report
It appears Nirav Modi and Vijay Mallya are not the only fraudsters who have successfully managed to flee the country. Since 2015, there are hundreds of cases of financial scams registered with the Economic Offences Wing (EOW), Mumbai. According to the RTI information obtained by activist Jeetendra Ghadge, 184 of the people accused in those scams are absconding.
Nirav Modi, Mehul Choksi were slow to pay dues long before Rs 12,600 cr PNB scam, say diamond traders
Nirav Modi and Mehul Choksi had acquired a reputation for not following the industry’s unwritten code of business ethics, said diamond traders in Surat
Kangana Ranaut, Bipasha Basu accuse Mehul Choksi's Gitanjali Gems of non-payment of dues, breach of contract
Kangana Ranaut and Bipasha Basu have accused Gitanjali Gems, founded by Nirav Modi's relative Mehul Choksi, of breach of contract and non-payment of dues
Punjab National Bank fraud case: A timeline of how the Rs 11,400-crore scam involving Nirav Modi unfolded
With more skeletons coming out of Punjab National Bank closets, the story of the Rs 11,400 crore involving Nirav Modi and his partnership firms is far from over. Here's a round-up of what has happened so far
The change in the tone and attitude of the bank and the virulent threat by its officers be it a loan or a credit card debt is dramatic and traumatic.
Punjab National Bank scam: CBI registers fresh FIR against Mehul Choksi over LoUs worth Rs 11,400 cr issued by PNB
CBI has registered a fresh FIR against Gitanjali Group promoter Mehul Choksi in connection with alleged fraud in issuance of LoUs from Punjab National Bank
Many traders told Firstpost speaking anonymously that Modi and his uncle deliberately cheated Punjab National Bank in collusion with bank officials. While others in the trade said that it was a business strategy that did not work out well which led to the “mama-bhanja”s business going belly-up.
Punjab National Bank scam: CBI, ED continue raids on Nirav Modi, Mehul Choksi, seize ornaments worth Rs 549 crore
Central probe agencies CBI and ED on Friday continued their crackdown in a Rs 11,400-crore Punjab National Bank fraud case involving billionaire jewellery designer Nirav Modi and family, registering a fresh case against his maternal uncle Mehul Choksi, and claimed to have seized ornaments worth Rs 549 crore during raids