Latest News on Letter Of Understanding
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Letter Of Understanding - Total results - 6
Mar 29, 2018
Karnataka Bank reports Rs 86 crore loan scam involving Mehul Choksi's Gitanjali GemsPrivately-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
Mar 13, 2018
PNB fraud effect: Punjab National Bank puts in place 3-tier SWIFT process post Rs 12,700 cr scamPNB fraud, the biggest in the Indian banking sector, is alleged to have been perpetrated by way of fraudulent Letters of Understanding.
Feb 22, 2018
'Bring Nirav Modi to me, I will hit him with a slipper': Sujata, wife of Arjun Patil held in PNB scamArjun Patil, who is Sujata Patil's husband, is one of the employees CBI has arrested in the Rs 1,400 crore Punjab National Bank fraud case
Feb 19, 2018
Punjab National Bank fraud updates: CBI questions 17 officials, ED seizes assets worth Rs 5,716 croresThe CBI virtually took control of the entire campus of Punjab National Bank's Brady Road branch in Mumbai, which is at the centre of a clossal banking fraud involving billionaire jewellers Nirav Modi and Mehul Choksi, and started an intensive search operation, officials said on Monday
Feb 18, 2018
PNB scam: CBI scans balance sheets of 18 Gitanjali group subsidiaries promoted by Mehul ChoksiThe CBI is examining balance sheets of 18 India-based subsidiaries of the Gitanjali group of companies promoted by Mehul Choksi to understand the money trail of funds taken from various banks on the basis of Rs 11,384 crore of guarantees furnished by the Punjab National Banks, officials said on Sunday.
Feb 16, 2018
Punjab National Bank scam: CBI, ED continue raids on Nirav Modi, Mehul Choksi, seize ornaments worth Rs 549 croreCentral 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