Latest News on Lous
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Lous - Total results - 46
Jun 23, 2018
The art of fraud: PNB's Dubai, Hong Kong files reveal collusion between Nirav Modi and high ranking officialsInvestigators 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.
Jun 18, 2018
CBI says Nirav Modi managed to travel despite Interpol flashing info on revocation of passportAbsconding diamantaire Nirav Modi managed to travel across several countries even after information about his passport being revoked by the Indian government was flashed in the Interpol central database on 24 February, the CBI said
Jun 12, 2018
Nirav Modi in the UK: Why India may have to prep for yet another long legal battle in fraudsters’ favourite landThose 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.
May 28, 2018
Exclusive: In unravelling Nirav Modi's PNB moves, fresh evidence shows lender is playing the victim cardThe investigators suspect that Nirav Modi and his uncle Mehul Choksi all along knew that one day the loot would be unraveled and started plotting to erase the evidence linking them and frame others in the fraud.
May 18, 2018
Tatas complete acquisition of Bhushan Steel; deal helps fraud-hit PNB offset some losses from Nirav Modi scamBamnipal Steel, a wholly-owned subsidiary of Tata Steel, has completed the acquisition of a controlling stake of 72.65 percent in Bhushan Steel.
May 16, 2018
Why state-run Punjab National Bank, the big bad boy among Indian lenders, needs better parentingThe government, the Reserve Bank of India (RBI) and various managements have, over time, failed to guide the Punjab National Bank.
May 14, 2018
PNB tried cover up before Nirav Modi scam exploded: Transferred staff at Hong Kong, Dubai for revealing irregularitiesInvestigators have learnt that PNB acted against two staffers, posted in Hong Kong and Dubai, for highlighting colossal anomalies in the banking system.
Apr 26, 2018
PNB scam: PMO steps in, wants agencies to probe into new evidence provided by a whistleblowerPNB had alleged in January this year that its Mumbai branch had fraudulently issued LoU and FLC to Nirav Modi firms in connivance with deputy manager Gokulnath Shetty and other bank officials
Apr 16, 2018
Unravelling PNB Rot Part 2: Secret trip by Indian bankers to Hong Kong to cover up scam under scannerA 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.
Apr 10, 2018
PNB scam: CBI Court issues judicial request to allow agency to attach Nirav Modi's Barclays bank accountNirav Modi and his jeweller uncle, Mehul Choksi, are accused of defrauding the PNB to the tune of around Rs 12,700 crore