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FIRESTAR INTERNATIONAL
CBI finds no evidence of corruption in case involving Nirav Modi; transferred to magistrateA special CBI court in Mumbai transferred a fraud case against Nirav Modi to a magistrate's court. The CBI stated that corruption charges a...- Nirav Modi-owned Rhythm House may be auctioned soonThe Enforcement Directorate (ED), which had seized it along with other assets of Nirav Modi in the Punjab National Bank scam case, has rele...
- NCLT passes liquidation order against Nirav Modi’s flagship firm Firestar InternationalIn a London jail, Modi is wanted by the Enforcement Directorate, Central Bureau of Investigation, and other investigation agencies for alle...
- PNB moves court seeking restoration of assets of Nirav Modi's firms confiscated by EDThe Enforcement Directorate (ED) had earlier confiscated assets worth over Rs 329.66 crore of Nirav Modi under the fugitive economic offend...
- Lenders agree to liquidate Nirav Modi's Firestar International, feel auction will delay probeThe lenders will now approach the National Company Law Tribunal (NCLT) with a formal request to initiate liquidation proceedings. The compa...
- PNB fraud: Banks may liquidate Nirav Modi's Firestar InternationalThe lenders are divided over the future of the company as the Enforcement Directorate has initiated proceedings under the Prevention of Mon...
- Corporation Bank files insolvency pleas against Nirav Modi companiesLast year, soon after the scam came to light, Firestar Diamond had filed for bankruptcy in New York.
- Interpol issues Red Corner Notice against Nirav Modi's executiveThe notice, which acts as an international arrest warrant, mentions that Bhansali (40) is required on charges of "money laundering".
- HC asks Nirav Modi's company to tell him to come backExpressing "serious concern" over Modi's statement that he will not submit to jurisdiction of Indian agencies or courts, the court said "we...
- SFIO probes Fortis, Religare for alleged fraudsBesides, companies linked to Nirav Modi and Mehul Choksi groups are under the scanner too, the minister of state for corporate affairs said...
- Close confidant of Winsome group promoter arrested by CBIMeanwhile, top honchos of public sector banks have come under the scanner of the CBI in connection with alleged Rs 321.88 crore loan defaul...
- CBI quizzing Firestar CFO Ravi Shankar Gupta in PNB scamCBI has named Ravi Shankar Gupta as an accused in the third FIR it registered in the case and has also named the Firestar group as one of t...
- Here’s everything you wanted to know about the Rs 12,600 crore PNB fraud and its aftermathLast month, PNB revised the amount involved in the fraud to Rs 12,600 crore (around $1.9 billion), a significant markup over the initial co...
- CBI’s 3rd FIR says fraud started before 2017The first FIR, based on PNB’s complaint and registered on January 31, said that eight of the socalled letters of undertaking (Lo-Us) or gua...
- Nirav Modi's CA was in the know but didn't raise red flag: CBICountering CBI's submissions made during the remand hearing of Sanjay Rambhia, his lawyer said that he had done his job and pointed out the...
- In light of PNB scam, top executives quit Firestar International boardThey include Sanjay Rishi of American Express, former PepsiCo executive Gautham Mukkavilli and former Wipro CFO Suresh Senapaty.
- PNB asks BDO to conduct forensic audit of Nirav Modi companiesBDO been tasked with carrying out an audit of five Nirav Modi group entities--Firestar Diamond, Firestar International, Solar Export, Stell...
- The uncertain financials of Firestar International, the flagship of Nirav Modi's empireThe company now finds itself in the centre of investigations by multiple agencies following the Rs 11,300-crore scam that broke out at PNB.
- PNB closed all options to recover dues by going public: Nirav ModiIn a letter Modi wrote on February 15/16 to the PNB management, Modi pegged the amount his companies owes to the bank under Rs 5,000 crore.
- By going public, you have closed all recovery options: Nirav Modi to PNBModi, who left the country along with his family in the first week of January, wrote in the letter that the final liability figure of Rs 11...
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