Pnb Scam

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Pnb Scam - Total results - 422
ED brings back polished diamonds, pearls worth Rs 1,350 crore from Nirav Modi and Mehul Choksi's Hong Kong-based firms
Business

ED brings back polished diamonds, pearls worth Rs 1,350 crore from Nirav Modi and Mehul Choksi's Hong Kong-based firms

The valuables include polished diamonds, pearls and silver jewellery, and is worth Rs 1,350 crore. The ED completed 'all legal formalities' with authorities in Hong Kong to bring back these valuables, the agency said.

PNB scam: Fugitive diamond merchant Nirav Modi's extradition case in UK adjourned until September
Business

PNB scam: Fugitive diamond merchant Nirav Modi's extradition case in UK adjourned until September

The UK court hearing the extradition case of fugitive diamond merchant Nirav Modi, wanted in India on charges of fraud and money laundering amounting to an estimated $2 billion, on Thursday adjourned the trial to be resumed from 7 September

UK court played video of Nirav Modi's threats to 'dummy directors' associated with companies linked to diamond merchant
Business

UK court played video of Nirav Modi's threats to 'dummy directors' associated with companies linked to diamond merchant

Threats of being implicated for theft and even being killed are among the allegations caught on camera in a video recorded by so-called "dummy directors" associated with companies linked to Nirav Modi, which was submitted by the CBI to the UK court hearing the extradition case against the diamond merchant charged with fraud and money laundering

PNB scam: Indian govt submits more proof against fugitive Nirav Modi in money laundering case
Business

PNB scam: Indian govt submits more proof against fugitive Nirav Modi in money laundering case

The Indian government on Wednesday submitted further documents as "corroboratory evidence" in its case of fraud and money laundering against fugitive diamond merchant Nirav Modi, who is contesting his extradition to India at an ongoing hearing in Westminster Magistrates' Court in London

PNB scam: Case against fugitive Nirav Modi very short on proof, his legal team tells UK court
Business

PNB scam: Case against fugitive Nirav Modi very short on proof, his legal team tells UK court

Nirav Modi's legal team on Tuesday told a UK court hearing the fugitive diamond merchant's five-day extradition trial that the case of fraud and money laundering against him is not backed up with the underlying evidence that proves his dishonesty

PNB fraud: UK court rejects fugitive diamantaire Nirav Modi's bail plea for fifth time; to complete one year in jail on 19 March
Business

PNB fraud: UK court rejects fugitive diamantaire Nirav Modi's bail plea for fifth time; to complete one year in jail on 19 March

A UK court on Thursday rejected for the fifth time the bail plea of fugitive diamond merchant Nirav Modi, who is fighting his extradition to India on charges over the nearly $2 billion Punjab National Bank (PNB) fraud and money laundering case

PNB won't be able to recover money from Nirav Modi, Mehul Choksi; fraudsters acted like mafia, used global network to stash jewels
Business

PNB won't be able to recover money from Nirav Modi, Mehul Choksi; fraudsters acted like mafia, used global network to stash jewels

The entire conspiracy was hatched by Nirav Modi and his team involving not more than 25 people, who communicated through Whatsapp and a private server

PNB scam: Bombay High Court refuses to stay auction of paintings seized from Nirav Modi's home
Business

PNB scam: Bombay High Court refuses to stay auction of paintings seized from Nirav Modi's home

The Bombay High Court on Wednesday refused to stay the auction proceedings of some rare paintings seized by the Enforcement Directorate from the residence of fugitive diamond businessman Nirav Modi

PNB fraud case: UK court extends fugitive diamond merchant Nirav Modi's remand to 24 March
Business

PNB fraud case: UK court extends fugitive diamond merchant Nirav Modi's remand to 24 March

A UK court on Thursday extended till March 24 the remand of fugitive diamond merchant Nirav Modi, who is fighting his extradition to India in the nearly $2 billion Punjab National Bank (PNB) fraud and money laundering case

Auction of PNB scam-accused Nirav Modi's assets postponed to 5 March; 72 items on sale in online auction to be held as announced earlier
Business

Auction of PNB scam-accused Nirav Modi's assets postponed to 5 March; 72 items on sale in online auction to be held as announced earlier

Rare paintings, exquisite wrist watches and luxury cars belonging to fugitive diamantaire Nirav Modi will be auctioned next month, auction house Saffronart said on Wednesday

PNB scam: Nirav Modi's Rolls Royce Ghost, diamond watches, among 112 assets to go under hammer from Thursday
Business

PNB scam: Nirav Modi's Rolls Royce Ghost, diamond watches, among 112 assets to go under hammer from Thursday

Rare paintings, exquisite wrist watches and luxury cars belonging to fugitive diamantaire Nirav Modi will be auctioned from Thursday

PNB fraud case: UK court yet again remands fugitive diamantaire Nirav Modi in custody until 27 February
Business

PNB fraud case: UK court yet again remands fugitive diamantaire Nirav Modi in custody until 27 February

Fugitive diamantaire Nirav Modi, fighting extradition to India on charges over the nearly $2 billion Punjab National Bank (PNB) fraud and money laundering case, is to be produced for a regular remand hearing at Westminster Magistrates' Court in London on Thursday

PNB fraud case: Govt to auction rare art belonging to Nirav Modi; MF Husain's work among assets to come under hammer
Business

PNB fraud case: Govt to auction rare art belonging to Nirav Modi; MF Husain's work among assets to come under hammer

Indian tax authorities raised about $8 million in an auction conducted last year by Saffronart of rare oil paintings that were seized from Modi.

PNB scam: UK court extends remand of fugitive diamond merchant Nirav Modi; asks to appear on 30 January
Business

PNB scam: UK court extends remand of fugitive diamond merchant Nirav Modi; asks to appear on 30 January

Fugitive diamond merchant Nirav Modi, fighting extradition to India on charges over the nearly $2 billion Punjab National Bank (PNB) fraud and money laundering case, was further remanded in custody at a hearing on Thursday and asked to appear on 30 January

PNB scam: CBI files fresh chargesheet in $2 bn scam against Nirav Modi, 5 other accused
Business

PNB scam: CBI files fresh chargesheet in $2 bn scam against Nirav Modi, 5 other accused

Nehal Modi, along with other accused, coerced "dummy directors" of Dubai-based firms which were controlled by Nirav Modi into "shifting" to Cairo in Egypt, the CBI said.

PNB scam: Special PMLA court rejects Mehul Choksi's plea for ED probe in Antigua; diamantaire claims unfit to travel to India
Business

PNB scam: Special PMLA court rejects Mehul Choksi's plea for ED probe in Antigua; diamantaire claims unfit to travel to India

A special court here on Thursday rejected a plea filed by diamantaire Mehul Choksi, a key accused in the multi-crore Punjab National Bank (PNB) scam, seeking its direction to the Enforcement Directorate (ED) to question him in Antigua, where he is currently based

PNB scam: Nirav Modi declared fugitive economic offender by special court in Mumbai; second businessman after Vijay Mallya to get tag
India

PNB scam: Nirav Modi declared fugitive economic offender by special court in Mumbai; second businessman after Vijay Mallya to get tag

As per the investigating agency, Nirav and his uncle Choksi, in connivance with certain bank officials, allegedly cheated the PNB to the tune of Rs 14,000 crore through issuance of fraudulent Letters of Undertaking.

PNB scam: Nirav Modi declared as fugitive economic offender on plea of Enforcement Directorate
Business

PNB scam: Nirav Modi declared as fugitive economic offender on plea of Enforcement Directorate

A special court here on Thursday declared diamond businessman Nirav Modi, the key accused in the $2 billion Punjab National Bank (PNB) fraud case, a fugitive economic offender, on a plea of the Enforcement Directorate

PNB loan scam: Proclamation order issued against Nirav Modi, 2 others; trio directed to appear before Mumbai court by 15 January
Business

PNB loan scam: Proclamation order issued against Nirav Modi, 2 others; trio directed to appear before Mumbai court by 15 January

Modi and his uncle Mehul Choksi are the prime accused in the case, which is related to alleged fraudulent issuance of Letters of Undertaking that caused a loss of over $2 billion to PNB.

Nirav Modi tells UK court, 'Will kill myself if extradition is ordered' after fourth bail plea rejected; was 'beaten up' in prison
Business

Nirav Modi tells UK court, 'Will kill myself if extradition is ordered' after fourth bail plea rejected; was 'beaten up' in prison

Modi's fresh bail application was challenged on the grounds that there had been no material change in circumstances from the previous three occasions