Punjab National-bank-scam

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Punjab National-bank-scam - Total results - 39
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.

Antigua to revoke Mehul Choksi's citizenship: PM of Caribbean nation says he will be extradited to India after exhausting all legal options
Business

Antigua to revoke Mehul Choksi's citizenship: PM of Caribbean nation says he will be extradited to India after exhausting all legal options

Antigua and Barbuda has agreed to revoke the citizenship of economic offender Mehul Choksi, who is accused in the PNB scam along with nephew Nirav Modi.

PNB scam: Bombay HC seeks report from JJ Hospital doctors on Mehul Choksi's health; Antigua to revoke citizenship
Business

PNB scam: Bombay HC seeks report from JJ Hospital doctors on Mehul Choksi's health; Antigua to revoke citizenship

Choksi, accused of money laundering by the Enforcement Directorate in the multi-crore PNB scam, is presently in Antigua and has told the high court that he is unable to travel to India due to ill health.

PNB fraud: Nirav Modi diverted Rs 934 crore to personal accounts maintained abroad, says ED's fresh chargesheet
Business

PNB fraud: Nirav Modi diverted Rs 934 crore to personal accounts maintained abroad, says ED's fresh chargesheet

The ED officials said the chargesheet or the prosecution complaint was filed against Nirav Modi before a special PMLA court in Mumbai a few days ago

Punjab National Bank fraud: PMLA court issues open-ended non-bailable warrant against Nirav Modi and 12 other accused
Business

Punjab National Bank fraud: PMLA court issues open-ended non-bailable warrant against Nirav Modi and 12 other accused

Nirav Modi and others are being probed under various criminal laws after the fraud came to light in January

Punjab National Bank fraud: Hong Kong Monetary Authority enhances supervision of lender's HK branch
Business

Punjab National Bank fraud: Hong Kong Monetary Authority enhances supervision of lender's HK branch

State-owned Punjab National Bank (PNB) on Wednesday said the Hong Kong Monetary Authority (HKMA) has enhanced supervision of its Hong Kong branch

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.

Nirav Modi in New York? Government of India dossier follows trail of fugitive Indian businessman
India

Nirav Modi in New York? Government of India dossier follows trail of fugitive Indian businessman

The news report claimed that Nirav first fled to UAE from Mumbai, from where he moved to Hong Kong in March third week.

Fraud-hit Punjab National Bank to hire detectives to hunt down untraceable borrowers; invites applications from agencies
Business

Fraud-hit Punjab National Bank to hire detectives to hunt down untraceable borrowers; invites applications from agencies

Fraud-hit Punjab National Bank (PNB) has invited applications for empanelment of detective agencies to locate its untraceable borrowers

PNB fraud: ED reaches out to 13 countries for information of assets owned by Nirav Modi, Mehul Choksi
Business

PNB fraud: ED reaches out to 13 countries for information of assets owned by Nirav Modi, Mehul Choksi

ED has got in touch with authorities in 13 countries to secure information assets owned by Nirav Modi and his uncle Mehul Choksi, both wanted in PNB fraud

PNB scam: Income Tax Department asks tax havens to furnish account details of fraudster Nirav Modi
Business

PNB scam: Income Tax Department asks tax havens to furnish account details of fraudster Nirav Modi

I-T department is reportedly set to launch legal action against Nirav Modi, who is wanted in connection with PNB fraud, under Black Money Act

PNB fraud: SC to decide maintainability of PIL seeking court-monitored probe into over Rs 11,000 crore scam
Business

PNB fraud: SC to decide maintainability of PIL seeking court-monitored probe into over Rs 11,000 crore scam

SC said it will decide whether PIL seeking a court-monitored probe into over Rs 11,000 crore Punjab National Bank (PNB) fraud case is maintainable or not

CBI quizzes former RBI deputy governor HR Khan over PNB fraud, 80:20 gold import scheme
Business

CBI quizzes former RBI deputy governor HR Khan over PNB fraud, 80:20 gold import scheme

The CBI questioned a former deputy governor of RBI in connection with Rs 13,500 crore PNB fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi

Punjab National Bank not providing information on loan sanctioned to Nirav Modi, says RTI activist
Business

Punjab National Bank not providing information on loan sanctioned to Nirav Modi, says RTI activist

The Punjab National Bank (PNB) has refused to provide any information pertaining to absconding scamster, diamantaire Nirav Modi, to queries sought under RTI

No Nirav Modi firm featured in list of 2.26 lakh companies deregistered as part of anti-black money measure: Govt
Business

No Nirav Modi firm featured in list of 2.26 lakh companies deregistered as part of anti-black money measure: Govt

As part of larger efforts to curb the black money menace, the corporate affairs ministry has deregistered little over 2.26 lakh companies.

PNB fraud effect: Punjab National Bank puts in place 3-tier SWIFT process post Rs 12,700 cr scam
Business

PNB fraud effect: Punjab National Bank puts in place 3-tier SWIFT process post Rs 12,700 cr scam

PNB fraud, the biggest in the Indian banking sector, is alleged to have been perpetrated by way of fraudulent Letters of Understanding.

Opposition protests over Punjab National Bank fraud case forces Lok Sabha to be adjourned for the day
Politics

Opposition protests over Punjab National Bank fraud case forces Lok Sabha to be adjourned for the day

The logjam in Lok Sabha continued for the fifth consecutive day on Friday, amid continuing protests by Opposition over PNB fraud and other issues

Mallya to Modi: Rs 26,000-cr bank scams call for massive crackdown on erring bankers, but no witch-hunt
Business

Mallya to Modi: Rs 26,000-cr bank scams call for massive crackdown on erring bankers, but no witch-hunt

A series of investigations by central investigative agencies into the telecom, mining and real estate sectors had left every banker with the fear of getting prosecuted.

PNB head Sunil Mehta likely to appear before SFIO after agency summoned Chanda Kochhar and Shikha Sharma
Business

PNB head Sunil Mehta likely to appear before SFIO after agency summoned Chanda Kochhar and Shikha Sharma

As part of the investigation, the SFIO has issued summons to heads of over 30 banks that have exposure to companies of diamond traders Nirav Modi and Mehul Choksi.

PNB fraud: Gitanjali Group VP Vipul Chitalia sent to police custody, ED to issue LRs to over 15 countries
Business

PNB fraud: Gitanjali Group VP Vipul Chitalia sent to police custody, ED to issue LRs to over 15 countries

ED would be sending the LRs to countries like the United States, the UK, the UAE, Hong Kong, Singapore, South Africa and others.