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FRAUDULENT JEWELLERS
As gold hallmarking charges rise, fraudsters get busy tooGold hallmarking charges have risen significantly, causing concern among industry stakeholders regarding potential fraud. Awareness of the ...- Choksi pledged 'lab diamonds' with inflated valuation to get Rs 25 crore loan from IFCI: CBIThe fresh valuations showed that diamonds were of low quality lab prepared chemical vapour diamonds and other inferior colour stones and no...
- ED seeks court's nod to sell paintings, cars of Nirav ModiBesides the paintings, the other seized items belonging to Nirav Modi, currently lodged in a jail in Britain, included high-end watches, ba...
- PNB scam: CBI questions 2 DGM-level officers of SBIThe officials were asked why several discrepancies in the LoUs issued by PNB were not considered by the banks extending credit facilities t...
- ED seeks information on Nirav Modi, Mehul Choksi from 13 countriesThe Central Bureau of Investigation (CBI), meanwhile, has already started examining officials of overseas banks which had issued credit on ...
- NBWs issued against Nirav Modi and Mehul Choksi on CBI pleaThe special court has allowed the application for the issuance of NBWs against Modi and Choksi who had repeatedly refused to join the inves...
- 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...
- 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.
- PNB head Sunil Mehta likely to appear before SFIO tomorrowThe SFIO earlier today recorded statements of senior officials of private sector lenders Axis Bank and ICICI Bank in connection with its pr...
- Pause on gold savings schemesIt has to be seen whether these gold savings schemes fall under the Ponzi scheme category.
- Gem and Jewellery Export Promotion Council summons Nirav Modi, ChoksiTrade sources said that the council also wants to send a message to the banks and financial institutions that the industry is taking stern ...
- Nirav Modi bet on stake sale, IPO to clear duesModi was understood to have been buying time from Punjab National Bank (PNB). His brother, who came from the US, was negotiating with the b...
- PNB slips 8% post fraud updateThe scrip was trading 8.40 per cent down at Rs 102.50 at around 10.55 am (IST) on the BSE.
- PNB fraud: FinMin to meet bankers to resolve payment issueGovernment to soon call a meeting of top officials of all banks related to the Rs 11,400-crore fraud and seek an amicable solution to the s...
- Timeline to the discovery of India's biggest bank fraudAs authorities try to contain the fallout from the scam, here’s a look at key dates in the road to discovery.
- Nirav Modi scam: Crisil puts PNB ratings on the watchThe fraudulent transactions were carried by the diamond jeweller Nirav Modi and his companies by acquiring fraudulent (LoUs).
- Jewellery sector foresees 'ripple effects' post PNB fraud caseNot only bankers, insurance companies, too, could possibly be cautious in extending their services to jewellery exporters after this fraud,...
- PNB scam: How it happened and who all may get hitThe exposures of the foreign bank branches are now under scanner following complaints lodged with the local regulators in their respective ...
- Nobody will be spared: Finance Ministry on PNB fraud casePNB has detected a $1.77 billion scam where billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from a bra...
- PNB fraud: Big jewellers Nakshatra, Gitanjali, Ginni under scannerThere is strict instruction from the finance ministry to all banks that no big fish should go scot-free and no honest borrower should be ha...
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