SEBI never gave clean chit report to enable Mehul Choksi to get Antigua citizenship, says senior official
Market regulator SEBI is continuing with its probe into alleged violation of capital market regulations by Mehul Choksi-Nirav Modi duo and their associates in connection with two listed firms- PNB and Gitanjali Gems
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.
PNB fraud: Antigua gave Mehul Choksi citizenship post background checks and police clearance; setback to India's extradition attempt?
It would be difficult to revoke Choksi citizenship as it is possible for the government for it entails a legal process. Choksi is protected by the law in Antigua
PNB fraud case: Mehul Choksi fears 'mob lynching' in India; files application for cancellation of arrest warrant
Mehul Choksi, who is accused of defrauding Punjab National Bank of $2 billion along with his nephew, diamond tycoon Nirav Modi, fled India before the accusations came to light and said in Monday’s application that he could not disclose his location in public because of the threat to his life
CBI which is probing the over Rs 13,000 crore PNB scam as well as other financial frauds, has sought deputation of banking and tax experts from other ministries with an offer of good monetary incentives
PNB fraud: Mumbai court issues non-bailable warrants against Gitanjali Gems boss Mehul Choksi, five others
Jeweller Mehul Choksi's firms allegedly inflated the value of low quality goods exported from India
ED is set to move a special Mumbai court seeking the 'fugitive economic offender' tag for Mehul Choksi and confiscate his assets worth over Rs 6,000 crore
Punjab National Bank fraud: Enforcement Directorate files chargesheet against Mehul Choksi, 13 other entities
Along with Mehul Choksi, eight individuals and five companies have been charged under Section 4 of the Prevention of Money Laundering Act (PMLA)
PNB fraud: CBI likely to file chargesheet in May; agency finds major lapses by bank officials in issuing LoUs to Nirav Modi’s firms
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.
NPA crisis: Loans worth Rs 2.72 lakh cr written-off since NDA government took over in 2014; just Rs 29,000 cr recovered
The problem is that there aren’t enough buyers for stressed assets in India, at prices the banks expect, needed to compensate for their losses.
Unravelling PNB Rot Part 2: Secret trip by Indian bankers to Hong Kong to cover up scam under scanner
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.
The Firstpost investigation revealed that PNB's board, audit committee and banking regulator, Reserve Bank of India (RBI) had approved little-known Chinese audit firms
Punjab National Bank (PNB) will take care of problems emanating from Rs 13,000-crore fraud perpetrated by billionaire jeweller Nirav Modi on its own and will not seek any government's assistance, its managing director Sunil Mehta said
PNB fraud: SC to decide maintainability of PIL seeking court-monitored probe into over Rs 11,000 crore scam
SC said it will decide whether PIL seeking a court-monitored probe into over Rs 11,000 crore Punjab National Bank (PNB) fraud case is maintainable or not
After Nirav Modi scam, PMO cracks whip; investigation agencies go into high gear, penetrate corporate-banking nexus
On 12 February, over a half dozen officers made their way through the quiet corridors of the Prime Minister's Office (PMO) at Raisina Hills. Each was restive and carried a file for the hurriedly-called meeting at the top echelons of the government. The heads of investigative, intelligence and finance ministry had been summoned in the backdrop of massive banking scandal involving diamantaire Nirav Modi, Mehul Choksi and the government owned Punjab National Bank (PNB)
The ED had issued a provisional order for attachment under the Prevention of Money Laundering Act.
Privately-run Karnataka Bank Ltd has informed the RBI that Gitanjali Gems of Mehul Choksi had committed a Rs 86.5 crore fraud in fund-based working capital
PNB’s board on Wednesday approved payment over the fraudulent guarantees due by end-March to seven banks. It will also honour any subsequent maturing guarantees when they are due, the bank said
ED has filed two money laundering FIRs against Nirav Modi and his uncle and Gitanjali Gems promoter Mehul Choksi to probe the alleged fraud in Punjab National Bank
Modi government Vs RBI: The three mistakes of Urjit Ravindra Patel as governor in the context of the PNB fraud
It’s perhaps time for a relook at the very structure that governs the Reserve Bank of India and the way it functions.