PNB scam: Nirav Modi declared fugitive economic offender by special court in Mumbai; second businessman after Vijay Mallya to get tag
As per the investigating agency, Nirav and his uncle Choksi, in connivance with certain bank officials, allegedly cheated the PNB to the tune of Rs 14,000 crore through issuance of fraudulent Letters of Undertaking.
A special court here on Thursday declared diamond businessman Nirav Modi, the key accused in the $2 billion Punjab National Bank (PNB) fraud case, a fugitive economic offender, on a plea of the Enforcement Directorate
PNB loan scam: Proclamation order issued against Nirav Modi, 2 others; trio directed to appear before Mumbai court by 15 January
Modi and his uncle Mehul Choksi are the prime accused in the case, which is related to alleged fraudulent issuance of Letters of Undertaking that caused a loss of over $2 billion to PNB.
Punjab National Bank fraud: UK court extends Nirav Modi's remand, fugitive diamantaire to remain in jail till 25 July
The Indian side has until 11 July to present an opening position statement, laying out the prima facie case against Modi, with the next case management hearing set for 29 July
Punjab National Bank fraud: Fugitive diamantaire Nirav Modi plans to seek asylum in the United Kingdom
Last week, British authorities informed India that Modi was living in the UK
Punjab National Bank fraud: PMLA court issues open-ended non-bailable warrant against Nirav Modi and 12 other accused
Nirav Modi and others are being probed under various criminal laws after the fraud came to light in January
A CVC note reveals that statutory auditors, who conducted an audit of PNB's Brady House branch, provided vague replies to the watchdog on the Rs 14,000 crore fraud.
PNB fraud: Hong Kong banking regulator cracks down on Indian lenders operating in the SAR over suspected irregularities
Barring the SBI and a private bank, almost all Indian banks in Hong Kong have been subjected to a review and supervisory measures by the Hong Kong Monetary Authority (HKMA)
The art of fraud: PNB's Dubai, Hong Kong files reveal collusion between Nirav Modi and high ranking officials
Investigators probing the PNB fraud expect to use the Dubai and Hong Kong files to connect the missing dots in the scam, to nab high ranking individuals.
Nirav Modi's sister and other family members were the recipients of the chunk of the proceeds of over $2 billion Punjab National Bank (PNB) scam, according to the Enforcement Directorate.
State-owned Punjab National Bank (PNB) on Wednesday said the Hong Kong Monetary Authority (HKMA) has enhanced supervision of its Hong Kong branch
Nirav Modi in the UK: Why India may have to prep for yet another long legal battle in fraudsters’ favourite land
Those accused flee to the UK because it is one of the most difficult countries to get an extradition request cleared, despite an India-UK extradition treaty.
Tatas complete acquisition of Bhushan Steel; deal helps fraud-hit PNB offset some losses from Nirav Modi scam
Bamnipal Steel, a wholly-owned subsidiary of Tata Steel, has completed the acquisition of a controlling stake of 72.65 percent in Bhushan Steel.
PNB fraud: Enforcement Directorate summons Nirav Modi's family members as agency readies its first chargesheet
ED has issued summons to absconding Nirav Modi's father Deepak Modi, sister Purvi Mehta and her husband Mayank Mehta as part of its probe in PNB fraud
The government, the Reserve Bank of India (RBI) and various managements have, over time, failed to guide the Punjab National Bank.
Nirav Modi fraud costs PNB Rs 14,356 crore; lender makes higher than required provisions against scam amount
PNB said that its total liability works out to Rs 14,356.84 crore on account of the fraud allegedly carried out by Nirav Modi and associates
PNB fraud: CBI files first chargesheet in Nirav Modi scam, names former boss Usha Ananthasubramanian, senior officials
The CBI on Monday filed its first charge sheet in the country's largest financial scam worth over $2 billion in Punjab National Bank by billionaire jeweller Nirav Modi, detailing the alleged role of the bank's former chief Usha Ananthasubramanian
PNB tried cover up before Nirav Modi scam exploded: Transferred staff at Hong Kong, Dubai for revealing irregularities
Investigators have learnt that PNB acted against two staffers, posted in Hong Kong and Dubai, for highlighting colossal anomalies in the banking system.
PNB fraud: CBI quizzes Indian banks' foreign staffers over credit facilities to Nirav Modi, Mehul Choksi
CBI questioned three officials from foreign branches of Indian banks for extending credit facilities to companies of Nirav Modi and Mehul Choksi
The CBI questioned a former deputy governor of RBI in connection with Rs 13,500 crore PNB fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi