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Total 305 results found. Search for [ Nirav Modi scam ]

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BusinessToday.In
July 18, 2018
The move comes after liquor baron Vijay Mallya, PNB scam accused diamantaire Nirav Modi and Mehul Choksi gave a slip to the authorities.


PTI
New Delhi, July 16, 2018
Last week, the bank and Carlyle Group, which owns over 32% in PNB Housing Finance, had announced their plans to sell at least 51% stake in the company.


PTI
New Delhi, July 8, 2018
Dues from big wilful defaulters of Punjab National Bank fell by 0.87 per cent to Rs 15,354.52 crore on June 30 compared to previous month, the bank data has showed. Such borrowers had an outstanding of Rs 15,490 crore at the end of May 2018.


Munish Chandra Pandey
July 7, 2018
The Enforcement Directorate has already communicated with Hong Kong authorities and will approach other countries too. Both the Central Bureau of Investigation and the ED are using other channels as well to tighten the noose around the fraudster.


Virendrasingh Ghunawat
July 5, 2018
With the permission of special PMLA Court, the Enforcement Directorate (ED) has begun the extradition process against diamantaire Nirav Modi in $2-billion PNB loan fraud case under PMLA.


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.


BusinessToday.In
July 2, 2018
The red notice is a request to locate and provisionally arrest an individual pending extradition.


PTI
July 1, 2018
Punjab National Bank MD Sunil Mehta has said there are \"positive developments\" in favour of the lender pertaining to bankruptcy case filed in the US by Nirav Modi's firm Firestar Diamond Inc.


BusinessToday.In
New Delhi, June 28, 2018
The Winsome Diamond Group had taken a loan of Rs 6,800 crore from a consortium of banks led by the Standard Chartered Bank. Like the recent PNB fraud, in this case too, the PNB had the highest exposure of Rs 1,800 crore.


Ankit Kumar
June 27, 2018
According to an ED letter to Mumbai's regional passport office, those eight Indian nationals are either shareholders or directors of companies, associated with the absconding billionaire, in Hong Kong and Dubai.


BusinessToday.In
June 26, 2018
The PNB's internal probe has revealed that its former official Gokulnath Shetty cleared over 13,000 transactions of Rs 1 crore which was well beyond his authorised limit of Rs 25 lakh. Shetty's name had first cropped up when the PNB in February announced that it had detected fraudulent transactions at its Brady House Branch in Mumbai.


BusinessToday.In
New Delhi, June 25, 2018
The Indian Institutes of Management (IIM), XLRI Jamshedpur, and SPJIMR Mumbai are now focussing on teaching students the importance of ethics and corporate governance and corporate social responsibility.


BusinessToday.In
New Delhi, June 25, 2018
The 47-year-old has been on the run since January for masterminding the over $2 billion PNB fraud; he has since been spotted in Dubai, Hong Kong, Belgium, New York and London.


BusinessToday.In
New Delhi, June 21, 2018
Through the circular, RBI shed light on the inefficiencies of the Society for Worldwide Inter-bank Financial Telecommunication (SWIFT) mechanism, which is a global communication medium for banks.


BusinessToday.In
New Delhi, June 20, 2018
The probe report, along with dozens of pages of annexed bank records and internal e-mails, was presented by PNB officials to the bank's fraud risk management arm on April 5.


PTI
June 17, 2018
The major defaulters included Kudos Chemie - Rs 1,301.82 crore; Kingfisher Airlines Rs 597.44 crore; BBF Industries Rs 100.99 crore; ICSA (India) Ltd Rs 134.76 crore; Arvind Remedies Rs 158.16 crore and Indu Projects Ltd Rs 102.83 crore.


PTI
June 14, 2018
India has been informed by the UK's Crown Prosecution Service (CPS) that it can initiate extradition proceedings against Indian diamantaire Nirav Modi even though his exact whereabouts remain uncertain, a senior Indian official said today.


BusinessToday.In
New Delhi, June 14, 2018
The Indian government cannot do much if he is on his Singapore passport, as the non-bailable warrant is against his Indian passport. In that case, the Indian government will have to put pressure on the Singapore government.


PTI
June 13, 2018



PTI
June 13, 2018



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