Neeshal Modi

PNB case: Court issues public notices for appearance against Nirav Modi, family under fugitive Act

The Fugitive Economic Offenders Act came into force from 31 July.

Exclusive: Days after CBI FIR in PNB scam, Nirav Modi withdrew huge sum from an Indian bank in Antwerp

PNB had alleged that its officials mainly Gokulnath Shetty and Manoj Karat of Brady House branch in Mumbai fraudulently issued LoUs without following bank’s prescribed procedures of obtaining required request applications, documents, approval of the authorities.

PNB Scam Exclusive: Nirav Modi, Mehul Choksi siphoned off crores to Belgium, but getting details may take 3-4 years

According to sources, Nirav Modi who defrauded Punjab National Bank (PNB) of over Rs 12,000 crore, siphoned off a major chunk of the ill-gotten money into two Belgium-based companies — Nirav Modi Limited (formed on 11 October, 2017) and Nirav Modi Jewels BVBA (formed in 2013)

PNB fraud might impact Narendra Modi govt's ease of doing business initiative: PHD Chamber

PHD Chamber president Anil Khaitan blamed the systematic failure of the internal audit system for Punjab National Bank scam

PNB fraud: ED probe finds Nirav Modi, his brother Neeshal and Mehul Choksi were partners in 100 companies

Before the PNB scam came to light, Both Modi and Choksi, along with other family members, said to have left the country in early January.

PNB fraud case: ED probes 250 shell companies linked to Nirav Modi, Mehul Choksi that may have laundered money

Enforcement Directorate (ED) sleuths are examining details of over 250 shell firms linked to Nirav Modi, his brother and Mehul Choksi, which they suspect were used to move ill-gotten financial assets after they defrauded state-owned Punjab National Bank of Rs 11,360 crore

PNB Rs 11,000-crore fraud: Bank took 7 years to detect Nirav Modi scam; is another Vijay Mallya in the making?

The nature of the Punjab National Bank fraud is such that there may not be a big direct fund exposure to the alleged fraudster.