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DEFRAUDING PNB
Nirav Modi's plea to reopen extradition case rejected by UK courtNirav Modi's bid to halt his extradition to India has been denied. The London High Court ruled against reopening his case. This decision ma...- PNB Scam: Where is Nirav Modi, now that his uncle Mehul Choksi has been arrested?As the PNB scam saga continues, Nirav Modi remains jailed in London, his bail denied for the seventh time in May 2024. Accused of defraudin...
- Mehul Choksi cheated PNB of Rs 6,500 crore, CBI says in new chargesheetThe fresh chargesheet is significant as the probe agency had found Choksi responsible for defrauding PNB to the tune of ₹6,498 crore by for...
- DRT asks Nirav Modi to pay Rs 7,200 cr to PNBNirav Modi is currently in a London and wanted by the Enforcement Directorate and the CBI for allegedly defrauding PNB of Rs 13,400 crore.
- Nirav Modi diverted Rs 934 crore to personal accountsNirav Modi is the key accused in the Rs 6,500 crore scam in which Punjab National Bank was duped through fraudulent letters of undertaking.
- Centre gives CBI permission to act against Usha Ananthasubramanian in PNB caseAll executive powers had already been taken away from her after the CBI named her in the PNB scam.
- PNB tightens corporate governance norms"The bank has strong foundations and is committed to implement ethical standards besides tightening the norms wherever required despite dem...
- Sebi warns PNB for late disclosures regarding Nirav Modi scamThe PNB was defrauded of $2 billion allegedly by diamond trader Nirav Modii and his associates.
- Allahabad Bank CEO Usha Ananthasubramanian loses her executive powersOn Monday, the Central Bureau of Investigation named the bank's CEO Usha Ananthasubramanian in the Rs 13,700-crore Punjab National Bank -Ni...
- Agencies see LoU scam at Rs 13,500 croreSources in the Enforcement Directorate (ED) investigating the scam told ET that the overall exposure of the Punjab National Bank (PNB) case...
- PNB scam: CBI questions senior bank officialsAgency sources said about five officers, in the ranks of general manager and above, have been grilled by the agency in the last few days.
- PNB scam: 11 accused get judicial custody till Mar 28The CBI has registered cases against Modi and his companies, and Choksi in connection with the PNB fraud.
- CBI can include section 409 of IPC in first Nirav Modi caseSpecial court gives permission; if convicted, the jeweller, his companies and PNB staffers can potentially be given life imprisonment.
- PNB fraud: Mehul Choksi, other accused may face life term if found guiltyGokulnath Shetty, former PNB staffer, and Mehul Choksi, the absconding promoter of Gitanjali Gems, could be in prison for life if found gui...
- Nirav Modi got 1,213 fraudulent guarantees in six years: Arun JaitleyIn a written reply to a question in the Rajya Sabha, Jaitley said the last fraudulent LoU was issued on May 23, 2017.
- Turned down Nirav, Choksi plea on credit limit hike: PNB MDMehta’s statement has been recorded separately by three central government agencies — CBI, Enforcement Directorate (ED) and the Serious Fra...
- Amount involved in PNB scam unlikely to go up: DEA SecretaryNirav Modi and his uncle Mehul Choksi have been accused of defrauding PNB through the use of fraudulent Letters of Undertaking (LoUs) to ge...
- Rs 11,400-crore PNB fraud case: CVC steps in, meets top bank and finance ministry officialsThe officials from Punjab National Bank (PNB) are understood to have shared the details of the action taken by them to deal with the fraud.
- Will honour bonafide commitments, says PNB on Nirav LOUsMeanwhile, CBI continued to question arrested bank officials -- Gokulnath Shetty (retired) and Manoj Kharat, and the signatory of Nirav Mod...
- How PNB was defrauded: The great bank heistSunil Mehta, MD and CEO of PNB, outlined the liabilities in a recent letter to finmin. The total amount of LoUs is worth Rs 9,539.3 crore.
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