Pnb Fraud

This is the first prosecution complaint filed by the federal agency against Choksi's wife Priti Pradyotkumar Kothari.

Pirates of the Caribbean: the real Mehul Choksi story isn’t about honeytraps and spies, but the world’s greatest safe haven for crime

Eastern Caribbean states have provided a safe haven for criminals since the time of the pirate forts of the 1700s. The Mehul Choksi case is an opportunity for India to lead an international effort to end this.

PNB fraud case | India in touch with Dominica, Antigua and Barbuda to bring back Mehul Choksi: Report

Choksi, who had recently fled from Antigua and Barbuda, was captured in neighbouring Dominica after an Interpol Yellow Notice was issued against him, Antiguan media reported on Wednesday.

UK's Home Secretary Priti Patel approves extradition of Nirav Modi: CBI official

The latest development arrives ahead of United Kingdom's Prime Minister Boris Johnson’s India visit.

Nirav Modi extradition: The story so far and what it means for Indian banks

The diamantaire's case involving PNB exposed the loopholes in the banks' risk management systems.

PNB fraud case: Nirav Modi declared fugitive economic offender by PMLA court

Nirav Modi is the second businessman after Vijay Mallya to be declared a fugitive economic offender under provisions of the new Fugitive Economic Offenders Act.

CBI registers DA case against retired PNB official accused in Nirav Modi case

According to the CBI FIR, the couple had amassed disproportionate assets to the tune of Rs 2.63 crore during the period.

PNB fraud: ED attaches over Rs 218-cr assets of Mehul Choksi, others

The beneficiaries of these assets put under attachment, they said, are absconding diamond jeweller Mehul Choksi, Mihir Bhansali, a close aide and US-based executive of main accused in the case Nirav Modi, and a company named A P Gems and Jewellery Park.

Breakthrough for MCA, PNB in Nirav Modi case: US Bankruptcy court orders issue of summons to examine Modi, others

The order also authorises gathering of documents from these individuals and others such as Ajay Gandhi and Kunal Patel

PNB looking to attach Nirav Modi’s collection of 125 paintings: Report

The 125 paintings were mentioned in an assets list prepared by chartered accountants.

PNB to shutter most operations at fraud-hit Mumbai branch, say sources

The move to downsize the Brady House branch comes as India's second-largest state lender seeks to tighten controls and restore its reputation.

PNB fraud: Interpol issues red corner notice against Nirav Modi

The Red Corner Notice was issued after a rquest by the CBI.

Nirav Modi faces fresh FIR for using multiple Indian passports

Modi has been traced to Belgium by Indian intelligence agencies and his frequent travels, despite the revocation of his passport, have led the sleuths to unearth six passports that he held.

PNB expects to recover Rs 8,000cr from NPAs in Q1 FY19

Nirav Modi fraud-hit Punjab National Bank (PNB) is hopeful of Rs 8,000 crore recovery from bad loans in the first quarter of the current fiscal.

ED action to be in spotlight this week, chargesheet in Mehul Choksi case by Friday

The directorate, which has been in the thick of action, had last week quizzed Rajasthan Royals co-owner Raj Kundra for over 10 hours in a Rs 2000-crore bitcoin scam.

PNB fraud: ED attaches over Rs 171-cr assets of Nirav Modi

The central probe agency here said it issued a provisional order under the Prevention of Money Laundering Act (PMLA), attaching four commercial premises -- with the market value of Rs 72.87 crore -- in Mumbai and Surat, 106 bank accounts holding Rs 55.12 crore of deposits, 15 demat accounts containing Rs 35.86 crore, and 11 cars valued Rs 4.01 crore.

PNB fraud: ED seizes Mehul Choksi firm's jewellery worth Rs 85 cr brought from Dubai

The Enforcement Directorate said it has seized over 34,000 pieces of jewellery worth Rs 85 crore from the Gitanjali Group, owned by diamantaire Mehul Choksi, in connection with the Rs 13,000-crore PNB fraud case.

After Q4 results, PNB's NPAs are now more than its net worth

As on March 31, the bank had net non-performing loans totaling over Rs 48,000 crore on its books, against a net worth of around Rs 41,000 crore.

Bank loans given to jewellers see a hike after PNB-Nirav Modi scam!

These numbers suggest that right after the scam came to light, other jewellers used up their existing credit limits to escape the methods that banks employed for self-protection

Nirav Modi fraud: PNB moves Hong Kong court; plans legal action in others countries

The bank plans to approach other jurisdictions where Nirav Modi and his associates have assets and properties as part of recovery process, a senior PNB official said.

Govt approaches NCLAT, seeks power to attach properties of persons involved in PNB scam

In a petition, the corporate affairs ministry has also sought to invoke powers including the removal of the management and recovery of undue gains.

PNB scam: CBI questions 2 DGM-level officers of SBI

They said the agency is focusing on the execution of Letters of Undertaking (LoUs) fraudulently issued by PNB's Brady House branch in favour of foreign branches of Indian banks.

RBI followed due process in notifying 80:20 gold scheme, says former deputy guv HR Khan

The comments from Khan come after the CBI quizzed him as part of its ongoing probe in the Rs 13,000-crore PNB fraud case.

Worst behind us; will be out of Nirav Modi mess in 6 mths: PNB MD Sunil Mehta

The bank has received tremendous support from the government, other stakeholders and employees to come out of the situation, Mehta told PTI in an interview

CVC awaits detailed vigilance report; calls PNB auditors

The watchdog asserted the need for strengthening the preventive vigilance mechanism, ensuring procedures were not just routinely followed but that the veracity of reports was verified