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Virendrasingh D Ghunawat
Mumbai, April 2, 2018
Wadhwa also admitted that \"(Nirav) Modi exploited the PNB's loan money for circular trading and round-tripping with the support of hawala operators, and to to build personal assets in India and abroad,\" the source added.


BusinessToday.In
New Delhi, March 21, 2018
The bank has been informed about the involvement of some officials who may have assets abroad, and the PNB is also seeking legal opinion in the matter


Sahil Joshi
Mumbai, March 15, 2018
The ED has already issued Letter Rogatory (LR) - a request sent to a foreign court for judicial assistance - to 13 countries, including Hong Kong and UAE, to seek their cooperation in the investigation. 


BusinessToday.in
March 13, 2018
Rajan's name was dragged after BJP launched a scathing attack on former Finance Minister P Chidambaram for clearing the 80:20 gold scheme days before the new government was to take charge at the centre.


BusinessToday.in
New Delhi, February 24, 2018
Using seizure of his bank accounts as a justification, Choksi said that he will not be able to reimburse the salaries of his employees, or pay the maintenance and electricity bills.


BusinessToday.in
New Delhi, February 23, 2018
Diamantaire Nirav Modi, who is in between the Rs 11,400 crore PNB fraud, has pegged his company's worth at Rs 6,500 cr, we look at the assets he owns


Nevin John
New Delhi, February 22, 2018
While Nirav Modi and the Rotomac scams have shaken up the Indian banking system, the corporate in the country, at least the mid and small size companies, are feeling the pinch as the banks are not only re-verifying loan approvals but delaying disbursal.


Mahesh Nayak
New Delhi, February 22, 2018
Industry of over 6,000 traders, who export staggering $23 billion worth of diamonds each year with a value addition in excess of $7 billion, is worried the Nirav Modi-PNB scam will make things difficult for the sector that's is still trying to find its feet after demonetisation and GST.


BusinessToday.in
New Delhi, February 22, 2018
The ED seized Nirav Modi's nine luxury cars, including a Rolls Royce Ghost and 2 Mercedes Benz GL 350 CDIs, on Thursday. The agency earlier sealed the diamantaire's several properties across the country, including sea-facing property in Mumbai's Alibaug.


BusinessToday.in
New Delhi, February 21, 2018
The body has also demanded a through probe in the matter. Raising concern, the industry representatives said they are against any sort of unlawful or illegal actions by any individual, trade or otherwise.


BusinessToday.in
New Delhi, February 21, 2018
The government on Wednesday opposed a plea seeking an independent SIT probe and deportation of celebrity jeweller Nirav Modi in the Supreme Court, saying an FIR has already been filed and a probe was on.


Sahil Joshi
February 20, 2018
 The CBI on Monday evening arrested three senior officers of PNB for their alleged involvement in the Rs 11,400 crore fraud pertaining to Nirav Modi and his uncle Mehul Choksi.


BusinessToday.in
February 19, 2018
Worries about the impact from guarantees to PNB loans hit other lenders. \"It could continue to impact for some more time. The issue of its impact on the entire PSU banking system will keep markets edgy,\" said Siddhartha Khemka, head of retail research, Motilal Oswal Securities.


Anand Adhikari
February 19, 2018
Why was he pumping back money into India from overseas? Was it the same money that he siphoned off via letter of credit (LoU) and was trying to placate Indian banks by paying the interest or commission portion.


BusinessToday.in
February 19, 2018
While the Sensex was trading 136 points lower 33,874, the Nifty  was down 45 points to 10,406 level. The BSE bankex resumed its decline and fell 126 points (0.44%) to 28,270 level.


Anand Adhikari
New Delhi, February 16, 2018
The Reserve Bank of India's Deputy Governor SS Mundra, who retired last year, was the first to speak publically about the possible cracks in the banks payment infrastructure.


PB Jayakumar
New Delhi, February 16, 2018
As the Nirav Modi defraud case is unfolding to wider proportions, a look at the trade in diamonds, the world's hardest and most precious stones, reveal all may not be well and shining in that industry.


BusinessToday.in
New Delhi, February 16, 2018
Former Allahabad Bank Director Dinesh Dubey told India Today, \"I had asked the management to first recover the previous loan from Gitanjali Gem before releasing fresh loan, but I was told this needed to be done order to stop NPAs and to run banks.\"


Ajita Shashidhar
New Delhi, February 15, 2018
Nirav Modi was perhaps the first Indian luxury brand to have a 1,000 sq ft store in the most luxurious address of New York, Madison Avenue.


Rajeev Dubey
New Delhi, February 15, 2018
Though the centre government has begun its crackdown on Nirav Modi and other persons involved in the fraud involving India's second largest public sector bank, there are some questions that remains unanswered.


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