Latest News on Lou
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Lou - Total results - 28
Mar 16, 2019
PNB fraud: Mumbai court issues non-bailable warrant against fugitive diamantaire Nirav Modi's wife, AmiThe warrant against Nirav Modi's wife, Ami was issued by Special Prevention of Money Laundering Act (PMLA) Judge M S Azmi after he took cognisance of the supplementary charge sheet filed by the ED against Nirav Modi (48) and other accused a few days ago
Sep 10, 2018
PNB fraud: Interpol issues Red Corner Notice against Nirav Modi's sister Purvi in money laundering caseLast week Interpol issued an Red Corner Notice against Mihir R Bhansali, a close confidante and senior executive of Nirav Modi
Aug 13, 2018
PNB scam: Investigators want to question Nirav Modi’s confidant Mihir Bhansali after emergence of shocking new detailsAccording to sources Bhansali, who lives in a $7 million Manhattan apartment overlooking the sublime Hudson River, was not only the top executive of Firestar Diamond but an active collaborator helping Modi pull off the biggest fraud in the Indian banking history.
Aug 07, 2018
Parliamentary panel is right in calling out RBI’s wrong; it was idiotic to kill LoUs for one Nirav ModiA blanket ban was wrong in the first place; it almost appeared like the RBI was in a hurry to cover up its failure to regulate the LoU effectively
Aug 04, 2018
PNB scam: Senior executive of fugitive diamantaire Nirav Modi's firm gets bailAccording 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.
May 26, 2018
Exclusive: Unravelling billionaire fugitive Nirav Modi's tightly woven round-tripping cobwebThe CBI charge sheet reviewed by Firstpost gave cursory details of Modi’s modus operandi, however, the investigators said they have penetrated Modi’s cobweb.
May 25, 2018
PNB fraud case: ED files first chargesheet against Nirav Modi, associates; expected to file another against Mehul ChoksiThe criminal complaint has been filed against Nirav Modi, his associates and businesses and the entire gamut of issuance of fake Letters of Undertaking (LoUs) by Punjab National Bank (PNB) to his firms in alleged connivance of bank officials.
May 24, 2018
PNB fraud: Bank accuses Nirav Modi, team of rigging US bankruptcy auction; moves New York courtPNB has also claimed that before filing bankruptcy petition, Modi’s right hand man Mihir Bhansali was in touch with the fugitive diamantaire
May 21, 2018
PNB fraud: CBI likely to approach Interpol for red corner notice against Nirav Modi, uncle Mehul ChoksiAs per reports, Modi was in Hong Kong for a few days and later on, he used his Singaporean passport to avoid detection from authorities. He already holds Indian and Belgium passports.
May 04, 2018
Nirav Modi scam fallout: Gems and jewellery industry asks bankers not to reduce credit limits in a white paperGems and jewellery industry is presenting a white paper on 11 May on challenges of financing to the diamond industry