Mehul Choksi Case

PNB files new complaint against Nirav Modi, claims his companies misused legitimate loans and guarantees

Both Modi and Choksi have denied wrongdoing, and so have two key accused PNB employees in the case, which has so far led to 19 people being arrested. The whereabouts of Choksi and Modi, who police say left India before the first complaint was filed, are unknown.

PNB-Nirav Modi fiasco: When all has been said and done, what kind of a banking system will we be left with?

Government ownership banks – public sector banks (PSBs) account for more than 70 percent of the system, both on the deposit and credit sides – has made us complacent about their fate.

PNB scam: Did UPA cook up 80:20 scheme to aid the Choksis and Nirav Modis; is Raghuram Rajan guilty of ignoring early warning?

The PNB scam was not about hoarding of gold but outright fraud conducted by diamantaire Nirav Modi in collusion with certain bankers forging Letter of Undertaking (LoU) from the bank for a good seven years

Gitanjali Gems falls 5%, hits fresh 52-week low; ICICI Bank stock dips 3% on SFIO probe

The agency yesterday arrested Vipul Chitalia in the Rs 12,636-crore PNB scam and claimed that he was a "mastermind" who reported directly to diamond trader Mehul Choksi.

PNB scam: RBI should regulate using legal, coercive powers and not through requests, entreaties

While the laws empower RBI to adopt formal, legal means to establish rules and enforce them, the central bank often uses informal means.

Blue corner notice against Nirav Modi, Mehul Choksi: Can't join probe due to pending business, says Modi

the Blue Corner notice -- to locate, identify or obtain information on a person of interest in a criminal investigation -- was issued by the Bureau of Immigration against the two which will be valid for a year starting 22 February at all ports of embarkation.