Mehul Choksi-fraud

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Mehul Choksi-fraud - Total results - 10
PNB Rs 12,700 cr scam: RBI conducts risk-based supervision on annual basis, clarifies bank
Business

PNB Rs 12,700 cr scam: RBI conducts risk-based supervision on annual basis, clarifies bank

"It may be clarified that RBI does risk-based supervision of the bank on an annual basis," PNB said in a statement

After PNB scam, three fresh instances of financial fraud comes to light; CBI files cases
Business

After PNB scam, three fresh instances of financial fraud comes to light; CBI files cases

The CBI registered a case against diamond jewellery exporter Dwarka Das Seth International for an alleged bank loan fraud to the tune of Rs 389.85 crore towards the Oriental Bank of Commerce

PNB fraud: Have strong sovereign backing, adequate capital, bank assures customers
Business

PNB fraud: Have strong sovereign backing, adequate capital, bank assures customers

Scam-hit PNB has assured investors and customers that it has a strong sovereign backing and adequate capital to deal with the situation in the aftermath of the Rs 11,400 crore fraud

First big arrest in Punjab National Bank fraud: Vipul Ambani held by CBI
India

First big arrest in Punjab National Bank fraud: Vipul Ambani held by CBI

The CBI arrested Vipul Ambani, the president (finance) of Nirav Modi's Fire Star Diamond, in connection with Rs 11,384 crore fraud in Punjab National Bank (PNB), making it the first high profile arrest in the case, officials said.

PNB scam updates: Gitanjali Gems to shut down completely; employees protest after being asked to leave
India

PNB scam updates: Gitanjali Gems to shut down completely; employees protest after being asked to leave

Nirav Modi has said PNB's ”overzealousness” shut the doors on his ability to clear the dues. He also said the dues were much less than what the bank has claimed.

PNB scam: I-T notice to Abhishek Singhvi over unaccounted pay of Rs 4.5 crore; Nirav Modi's Alibaug bungalow searched
Business

PNB scam: I-T notice to Abhishek Singhvi over unaccounted pay of Rs 4.5 crore; Nirav Modi's Alibaug bungalow searched

PNB scam took a new turn when Congress leader Abhishek Manu Singhvi's received a notice from the Income Tax dept over unaccounted payment of Rs 4.5 crores.

Punjab National Bank scam: From 'suave trader' to serial swindler, Nirav Modi has been thoroughly exposed
India

Punjab National Bank scam: From 'suave trader' to serial swindler, Nirav Modi has been thoroughly exposed

Nirav Modi is betraying all the signs of a hardened criminal. His mask of a suave trader who flew high with even higher-flying celebrities is slipping off to reveal what lies underneath: A swindler without a conscience, an immaculate trickster and fraud.

PNB scam: Details of Nirav Modi's massive cash bonuses, stock discrepancy, bogus purchases emerge
India

PNB scam: Details of Nirav Modi's massive cash bonuses, stock discrepancy, bogus purchases emerge

The skeletons continue to tumble out of the closet of Nirav Modi and his associates in the Rs 11,360-crore Punjab National Bank case

PNB Rs 11,360-cr scam: CBI and ED ask Nirav Modi's associates and bank, 'Where is the money?'
India

PNB Rs 11,360-cr scam: CBI and ED ask Nirav Modi's associates and bank, 'Where is the money?'

The question that the CBI and ED sleuths are asking Nirav Modi's associates and PNB repeatedly over the course of interrogation is: Where is the Rs 11,360 crore?

Punjab National Bank fraud updates: CBI questions 17 officials, ED seizes assets worth Rs 5,716 crores
India

Punjab National Bank fraud updates: CBI questions 17 officials, ED seizes assets worth Rs 5,716 crores

The CBI virtually took control of the entire campus of Punjab National Bank's Brady Road branch in Mumbai, which is at the centre of a clossal banking fraud involving billionaire jewellers Nirav Modi and Mehul Choksi, and started an intensive search operation, officials said on Monday