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Total 394 results found. Search for [ PNB scam ]

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Mail Today Bureau
New Delhi, September 14, 2018
The controversy-hit lender has invited bids for the e-auction to be held through the bank's portal on September 20.


BusinessToday.In
New Delhi, September 12, 2018
Choksi was allegedly in the business of \"highly inflating\" prices of the gems and jewellery sold from his outlets.


BusinessToday.In
New Delhi, September 12, 2018
Speaking on camera for the second time from Antigua, Mehul Choksi has blamed the government for the uncertain future his 6,000 employees and shareholders are facing. He further said that nobody should go through the \"kind of terror\" he has gone through because of a \"wrong complaint\" filed against him.


BusinessToday.In
New Delhi, September 11, 2018
Fugitive diamantaire, Mehul Choksi, who is wanted for his role in the Punjab National Bank (PNB) scam has released a video from his hideout in Antigua saying that all the charges levelled against him by the Enforcement Directorate (ED) are false and baseless. Choksi said so while answering questions by news agency ANI. The questions were asked by Choksi's lawyer in Antigua.


BusinessToday.In
New Delhi, September 11, 2018
In the video, Mehul Choksi said that his passport was suspended due to reasons of security threat to India.


BusinessToday.In
New Delhi, September 11, 2018
The bank was able to recover around Rs 8,445 crore in the April-June quarter alone, which is over 23 per cent of all recoveries made during the period. PNB recovered around Rs 5,618 crore in FY18 and Rs 5,643 crore the previous year.


BusinessToday.In
New Delhi, September 11, 2018
The RCN has been issued on the request of the ED to the Interpol, as the ED seeks to interrogate her on the alleged charges of 'money laundering'.


Munish Pandey
September 10, 2018
\"We have initiated process of Neeshal Modi who is wanted accused in PNB scam. A chargesheet has been already filed against him and his extradition is instrumental for the investigation,\" said an official.


BusinessToday.In
September 10, 2018
When asked if he is still interested in settling his dues with PNB, Choksi said, \"My brand value has come to zero. Everything I have has been seized. They can sell off my assets and pay whoever has to be paid.\"


BusinessToday.In
New Delhi, September 7, 2018
Uber in talks with Indian regulators to understand modalities of aerial taxis; HDFC Bank is India's most valued brand for 5th year in a row; Electric vehicles, green automobiles to be exempted from permit requirements, says Nitin Gadkari; Interpol issues red-corner notice against Nirav Modi's key man. Watch this episode of Business Wrap.


BusinessToday.In
New Delhi, September 7, 2018
Uber in talks with Indian regulators to understand modalities of aerial taxisRide-hailing app Uber, which is considering India among five global locations for its futuristic aerial taxi service, said it is in talks with regulators in the country to gauge the modalities and constraints of offering such a service. Last week, the Softbank-backed Uber had said it is considering India along with countries like Japan and France to be a part of Uber Elevate -- its aerial taxi service tha...


Munish Pandey
New Delhi, September 6, 2018
It was Mihir Bhansali, Director of Firestar Diamond, who filed an appeal before the US court for bankruptcy in February, just days after the PNB scam was detected.


BusinessToday.In
September 5, 2018
Banks are yet to pay heed, and hence the regulator has reportedly issued show-cause letters to several banks.


BusinessToday.In
New Delhi, August 31, 2018
Watch BusinessToday.In Editor Rajeev Dubey discuss how round-tripping of diamonds was done by PNB scam accused Nirav Modi in different countries. Nirav Modi set up over 20 shadow companies, mostly in UAE and Hong Kong, to hide his loan money trail. Interestingly, the owners of all these shadow companies were the employees of his main company, Firestar Diamond.


BusinessToday.in
New Delhi, August 31, 2018
Watch BusinessToday.In Editor Rajeev Dubey discuss how PNB fraud accused Nirav Modi covertly inflated his business across the world and went on to defraud the Punjab National Bank to the tune of Rs 13,000 crore.


Ankit Kumar
August 30, 2018
The investigation notes at least 4 instances of round-tripping of diamonds to give the impression of high sales worth $213 million between Modi's entities and his shell companies.


Ankit Kumar
New Delhi, August 30, 2018
Nirav Modi set up over 20 shadow companies, mostly in UAE and Hong Kong, to hide his loan money trail. Interestingly, the owners of all these shadow companies were the employees of his main company, Firestar Diamond.


BusinessToday.In
August 30, 2018
A 165-page dossier submitted to the United States Bankruptcy Court Southern District of New York may have finally blown the lid off biggest banking fraud in Indian history.


BusinessToday.In
August 30, 2018
A report by the US bankruptcy examiner John Carney reveals how Modi was involved in a number of fraudulent transactions as well as round-tripping of funds through the shell companies he owned.


PTI
August 26, 2018
Liabilities of big wilful defaulters of scam-hit Punjab National Bank (PNB) fell by 1.8 per cent to Rs 15,175 crore by July-end over the previous month. Such borrowers had an outstanding of Rs 15,355 crore at end of June this year.


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