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Lous - Total results - 52
Feb 14, 2019
A year after PNB fraud: Lessons learnt from Nirav Modi episode, but some questions still elude answersA year after this shocker, the key perpetrators of the case—Modi and Choksi—are still on the run.
Dec 19, 2018
CBI arrests 10 people for alleged misuse of LoUs worth Rs 9 cr at PNB's Brady House branchThe CBI has arrested 10 people for alleged misuse of Lettter of Undertakings worth over Rs 9 crore in the Punjab National Bank's Brady House branch, the fountainhead of a $2 billion scam perpetrated by billionaires Nirav Modi and Mehul Choksi, officials said on Wednesday.
Sep 11, 2018
PNB scam: Mehul Choksi diverted over Rs 3,250 cr to foreign shores; sold jewellery at inflated prices: EDMehul Choksi, talking to some media organisations, has termed ED's allegations as "false and baseless".
Aug 07, 2018
LoUs should be restored at earliest with proper safeguards, says Parliamentary panel to RBIThe Parliamentary Standing Committee on Commerce said in its report that the ban of LoU/LoC has resulted in rise in the cost of credit by 2 to 2.5 percent.
Jul 13, 2018
EXCLUSIVE: Trouble for PNB top brass as CVC comes down hard on auditors post Rs 14,000 crore fraudA 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.
Jul 04, 2018
Punjab National Bank says no plans to close operations at fraud-hit Brady House branch in MumbaiPNB's Brady House branch in Mumbai had fraudulently issued LoUs for the group of companies belonging to Nirav Modi since March 2011.
Jun 27, 2018
PNB scam: Accused Hemant Bhatt challenges PMLA court's jurisdiction, seeks transfer of case to CBI courtThe CBI had earlier booked Hemant Bhatt along with others under IPC section 420 (cheating) and relevant sections of Prevention of Corruption Act in connection with the fraud.
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.