Mehul Choksi-fraud-case

Showing 1 of 5 from 5 results
Mehul Choksi-fraud-case - Total results - 5
PNB fraud case: Mehul Choksi fears 'mob lynching' in India; files application for cancellation of arrest warrant
Business

PNB fraud case: Mehul Choksi fears 'mob lynching' in India; files application for cancellation of arrest warrant

Mehul Choksi, who is accused of defrauding Punjab National Bank of $2 billion along with his nephew, diamond tycoon Nirav Modi, fled India before the accusations came to light and said in Monday’s application that he could not disclose his location in public because of the threat to his life

Fraud-hit PNB's bad loan recovery of over Rs 7,700 cr in first quarter tops FY18 level, says bank official
Business

Fraud-hit PNB's bad loan recovery of over Rs 7,700 cr in first quarter tops FY18 level, says bank official

Scam-hit PNB's recovery of over Rs 7,700 crore in bad loans during the first quarter in the current fiscal has surpassed the total amount it recovered in the entire 2017-18 financial year, indicating that it has embarked on the turnaround path, the bank's top official has said

PNB case: Lapses at many levels of the bank led to country's over Rs 14,000 cr fraud, internal report shows
Business

PNB case: Lapses at many levels of the bank led to country's over Rs 14,000 cr fraud, internal report shows

PNB, India’s second-biggest state-controlled lender, has previously alleged that a handful of staff at a single Mumbai branch issued fake bank guarantees over several years to help two jewelry groups

PNB fraud: Top bank officials likely to face charges in over Rs 13,000 cr scam, say sources
Business

PNB fraud: Top bank officials likely to face charges in over Rs 13,000 cr scam, say sources

PNB, India’s second-largest state-run bank, disclosed in February that two jewellery groups had defrauded it by raising credit from overseas branches of other Indian banks using illegal guarantees issued by rogue PNB staff over several years.

PNB scam: PMO steps in, wants agencies to probe into new evidence provided by a whistleblower
Business

PNB scam: PMO steps in, wants agencies to probe into new evidence provided by a whistleblower

PNB 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