Latest News on Nirav Modi Case
Showing of 0 - 10 from 26 results
Nirav Modi Case - Total results - 26
Apr 16, 2019
Nirav Modi case: Govt removes ED Mumbai chief; Vineet Agarwal accused of relieving investigating officer without due processThe government has removed ED's special director in Mumbai, Vineet Agarwal, for his alleged interference in relieving the agency's investigating officer in the Nirav Modi money-laundering case without following due procedure
Mar 20, 2019
PNB Fraud Case; Nirav Modi Arrested Updates: UK court refused bail to diamantaire saying he may not surrender, say reportsPNB Fraud Case; Nirav Modi Arrested LIVE Updates: District Judge Marie Mallon remanded Nirav Modi in custody till 29 March, saying there was substantial grounds to believe that he would fail to surrender if granted bail.
Jan 19, 2019
Besides PNB, Nirav Modi defrauded four other public sector banks, used fake invoices with inflated prices to swindle fundsRecent developments suggest that state-owned Punjab National Bank (PNB) may have taken the largest hit of the massive fraud by fugitive diamantaire Nirav Modi but other banks too were targeted by one of the biggest banking swindler in India.
Aug 13, 2018
PNB scam: Investigators want to question Nirav Modi’s confidant Mihir Bhansali after emergence of shocking new detailsAccording to sources Bhansali, who lives in a $7 million Manhattan apartment overlooking the sublime Hudson River, was not only the top executive of Firestar Diamond but an active collaborator helping Modi pull off the biggest fraud in the Indian banking history.
Aug 03, 2018
Govt seeks fugitive diamantaire Nirav Modi's extradition from UK in over Rs 13,500 PNB caseNirav Modi along with his uncle Mehul Choksi of the Gitanjali group are being probed in the fraud scam by the CBI and the Enforcement Directorate (ED).
Jul 11, 2018
PNB separates loan appraisal, monitoring system to reduce credit risk post-Rs 14,000 cr fraudPNB posted a historic loss of Rs 12,283 crore during the fiscal ended March 2018 due to higher provisioning for non-performing assets, mark-to-market losses in treasury portfolio and provisioning for fraud.
May 25, 2018
PNB fraud case: ED files first chargesheet against Nirav Modi, associates; expected to file another against Mehul ChoksiThe criminal complaint has been filed against Nirav Modi, his associates and businesses and the entire gamut of issuance of fake Letters of Undertaking (LoUs) by Punjab National Bank (PNB) to his firms in alleged connivance of bank officials.
May 15, 2018
PNB fraud case: Govt initiates action for removal of Allahabad Bank CEO Usha Ananthasubramanian, 2 PNB directors; board to meet todayThe board of Allahabad Bank will meet today and is likely to divest its CEO and MD Ananthasubramanian of all powers. She was the managing director of PNB till 5 May last year.
May 09, 2018
Vijay Mallya case: London Court’s ruling in favour of Indian banks sends strong signal to global crooksVijay Mallya thought he would be comfortably ensconced in his London outskirt home thumbing his nose at the clutch of Indian banks nursing unrecovered loans of close to Rs 10,000 crore together with interest.
Mar 14, 2018
PNB scam fallout: RBI does well to stop LoUs, it's never too late to learn from mistakesLoU can be likened to a general character certificate an applicant in the job market is expected to obtain from referees