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Total 27 results found. Search for [ 11400 crore scam ]

Results 1 to 21 of 27
BusinessToday.In
New Delhi, March 9, 2019
The fugitive diamond merchant, who has been on the run since February 2018, has been found to be doing diamond business in one of the best and high-end markets of London despite India's efforts to bring him back.


BusinessToday.In
New Delhi, March 9, 2019
\"We have been aware of his presence in the UK. Ever since we submitted the extradition request to the UK, the matter is under consideration of the British government,\" says MEA spokesperson Raveesh Kumar.


BusinessToday.In
New Delhi, March 9, 2019
Nirav Modi was spotted wearing a jacket made from 'ostrich hide', which cost no less than Rs 10,000 pounds (over Rs 9 lakh).


Divyesh Singh
January 25, 2019
The Raigad district collectors' office has started demolishing Nirav Modi's bungalow after receiving the Bombay High Court order against the illegal structure.


BusinessToday.In
New Delhi, December 31, 2018
The report says the banking sector frauds increased sharply in 2017-18 due to a large value case -- indicating towards the major PNB fraud case involving diamond merchant Nirav Modi and his uncle Mehul Choksi -- in the jewellery sector.


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.


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.


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