Gitanjali Gems

SEBI imposes Rs 5 cr fine on fugitive businessman Mehul Choksi, Gitanjali Gems, another individual

Regulator SEBI on Thursday slapped a total fine of Rs 5 crore on fugitive businessman Mehul Choksi, Gitanjali Gems and another individual for violating various regulations, including listing norms

Now a book on fugitive diamantaire Nirav Modi; to detail rise and fall of former diamond moghul

Modi, 48, currently lodged in a prison in London, is wanted in India in connection with the nearly $2 billion Punjab National Bank (PNB) fraud.

Bankers want jewellery industry to become more transparent, compliant to regain trust after Nirav Modi, Mehul Choksi scam

Incidents like the Nirav Modi and Gitanjali Gems have broken down the trust level for the gems and jewellery industry.

PNB fraud case: Mehul Choksi moves Bombay High Court against non-consideration of plea on health grounds

Mehil Choksi and his nephew diamantaire Nirav Modi are absconding after the biggest financial fraud came to light in February 2018 and are facing extradition from Antigua and Britain, respectively.

PNB scam: Gitanjali Gems headed to liquidation as bankers cite delays; Mehul Choksi-run firm owes creditors over Rs 12,550 cr

Mehul Chokis is a key player in the Rs 14,000-crore Punjab National Bank (PNB) scam

Mehul Choksi claims innocence, says not related to two firms involved in over Rs 14,000 cr PNB fraud

In a statement issued by his lawyers, the raids against Choksi were on the basis of "an old and dated (KYC) document" given to PNB

PNB scam: Extradition process against absconding jeweller Mehul Choksi underway in Antigua; took citizenship last year

Mehul Choksi, who left India last year, is wanted by the CBI and ED, which are probing the PNB fraud case

PNB fraud: Antigua and Barbuda government to examine India's extradition request for Mehul Choksi this week

Antigua has assured India that its law enforcement agencies are observing Choksi's movements.

Central Vigilance Commission directs banks, insurance companies to rotate employees in sensitive posts to check frauds

The move assumes significance as many big-ticket frauds have been reported recently from the banks.

BSE will move Videocon Industries, Gemini Communication, nine others to restricted trading segment from 3 September

The move is part of the surveillance review to ensure market safety and safeguard the interest of investors