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June 16, 2021
The PNB had accused Choksi of duping it to the tune of Rs 7,080 crore. CBI officials said the matter is still under investigation and the final figures of loss suffered by the bank can only be determined once all the LoUs are examined and the probe is complete

March 6, 2019

July 25, 2018
The Citizenship by Investment Unit (CIU) of Antigua & Barbuda confirmed Choksi's presence in the Caribbean island nation, saying that the fugitive diamantaire obtained his Antiguan citizenship last year in November.

New Delhi, July 24, 2018
The ED came to know about the whereabouts of the Choksi, one of the accused in the Rs 13,700-crore PNB fraud, just a day before he landed at the VC Bird International airport in Antigua on July 8 when they officially approached the US authorities.

Virendrasingh Ghunawat
Mumbai, July 3, 2018
Choksi indulged in fund diversion to fulfil his luxurious needs. In 2013, he purchased a villa from Ziad Khalil Makkawi and Amal Boudhara Makkawi (UAE) and paid Rs 27 crore. To pay the EMI, Rs 15 lakh used to be transferred to Choksi's account from Gitanjali Venture DMCC in the guise of professional fees.

June 28, 2018
The Enforcement Directorate (ED) on Thursday filed chargesheet against absconding jewellery trader Mehul Choksi and 13 others in the Rs 14,000 crore PNB scam. Choksi, the owner of Gitanjali Group, was charged under PMLA for money laundering.

Virendrasingh Ghunawat
Mumbai, May 18, 2018
The Enforcement Directorate (ED) is all set to file its first prosecution complaint (PC) known as chargesheet in Rs 12,636 crore Punjab National Bank (PNB) fraud case against Nirav Modi and others, in the next week.

May 3, 2018

April 15, 2018
Gross NPAs of all the banks in the country amounted to Rs 8,40,958 crore in December, led by industry loans followed by services and agriculture sectors, as per the government estimates.

Virendrasingh Ghunawat
Mumbai, April 12, 2018
To avoid detection, the accused bank officials, the Gitanjali group companies and its directors deliberalty omitted making entries of the LoUs in the core banking system (CBS) of the bank. 

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.

Kundan Kishore
New Delhi, April 2, 2018
Stock prices can sometimes fall like a brick, but that does not mean you can bottom-fish. Here's how you can avoid a costly plunge.

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. 

Mail Today Bureau
New Delhi, March 14, 2018
The RBI on Tuesday barred banks from issuing guarantees in the form of letters of undertaking (LoU) to prevent any further misuse of the facility as was done in the Massive PNB fraud.

March 13, 2018
New Delhi, February 23, 2018
The actor who has become a global face now does not want to be associated with Nirav Modi.
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.

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