No stone unturned in trying to get Vijay Mallya extradited from UK: MEA
In February 2017, India made a formal request to the UK for the extradition of Mallya, who faces charges of financial misconduct amounting to nearly Rs 9,000 crore in debt owed to Indian banks by his defunct Kingfisher Airlines.
Jun 08, 2018, 08:34 AM IST
ED files charge sheet against Nirav Modi, associates
The ED on Monday said that it has attached more properties of Nirav Modi worth Rs 171 crore as part of its probe in the multi-crore Punjab National Bank (PNB) fraud.
May 24, 2018, 18:08 PM IST
Sebi warns PNB for late disclosures regarding Nirav Modi scam
The Sebi's warning letter has been posted by the bank on stock exchanges as part of regulatory filing.
May 17, 2018, 15:05 PM IST
PNB Housing Finance more valuable than its parent PNB
The market capitalisation of PNB Housing Finance stood at Rs 21,199.07 crore and that of Punjab National Bank was at Rs 20,842.33 crore.
May 17, 2018, 13:10 PM IST
PNB scam: CBI files chargesheet against Mehul Choksi, Gitanjali group
CBI has also charged 16 other entities, besides Choksi and his companies.
May 16, 2018, 15:10 PM IST
CBI names ex-PNB CEO Usha Ananthasubramanian in Nirav Modi case
The over Rs 13,000 crore scam, considered to be the biggest ever fraud in India's history, came to light earlier this year.
May 14, 2018, 13:54 PM IST
PNB moves Hong Kong High Court seeking action against Nirav Modi, Mehul Choksi
The PNB is seeking the seizure of Nirav Modi's bank accounts and attaching his assets and businesses in Hong Kong.
Apr 21, 2018, 17:55 PM IST
Nirav Modi in Hong Kong: MEA still awaiting response on request for extradition
While China has already said that basic laws would follow, Indian authorities say they are yet to hear about Nirav Modi and his arrest from Hong Kong.
Apr 12, 2018, 16:23 PM IST
PNB says internal probe into $2 billion fraud ongoing; more heads could roll
PNB has so far suspended 21 officials and Mehta said the bank was carrying out an investigation to find out how the fraud - the biggest in Indian banking history - went unnoticed for more than half a decade.
Apr 12, 2018, 12:50 PM IST
PNB scam: Mumbai court issues non-bailable warrant against Nirav Modi, Mehul Choksi
In February 2018, it had emerged that the fraudulently issued Letters of Undertaking (LoUs) from the Mumbai branch of PNB in favour of Hong Kong branches of Allahabad Bank and Axis Bank. These letters helped facilitate Rs 280.7 crore fraud by jewellery designer Nirav Modi among others.
Apr 08, 2018, 16:25 PM IST
Exporters may get relief soon as finance ministry asks RBI to review decision on LoU ban
RBI last month banned issuance of LoUs and Letters of Comfort (LoC), used extensively for trade finance, following the unearthing of Nirav Modi fraud case.
Apr 02, 2018, 12:49 PM IST
Banks write to RBI post LoU ban; seek relief for small and medium enterprises
Reserve Bank of India this month banned issuance of LoUs and Letters of Comfort (LoC), used extensively for trade finance, following the unearthing of Nirav Modi fraud case.
Mar 30, 2018, 14:39 PM IST
Finance Ministry asks RBI to help ease industry troubles post-LoU ban
FinMin has asked RBI to look into the problems being faced by industry and banks by the abrupt ban on LoUs.
Mar 29, 2018, 21:01 PM IST
PNB scam: To locate Nirav Modi and his family, ED seeks Interpol help
Nirav Modi and his family went underground days before the PNB scam was reported to the CBI.
Mar 29, 2018, 20:31 PM IST
Ring worth Rs 10 crore, watch for Rs 1.40 crore: Raid on Nirav Modi's Samudra Mahal unveils spectacular riches
Numerous rare paintings and precious jewellery were also found in Nirav Modi's mansion in Mumbai's Worli.
Mar 24, 2018, 12:26 PM IST
Enforcement Directorate analysing 120 shell firms in PNB fraud case: Govt
PNB has been defrauded of over Rs 12,700 crore by fraudulent use of LoUs allegedly by Nirav Modi and his associates.
Mar 23, 2018, 17:41 PM IST
PNB scam: Mehul Choksi writes again to CBI, reiterates he can't come to India
The CBI had last week sent a to Nirav Modi and his uncle Choksi to join investigations immediately.
Mar 20, 2018, 09:52 AM IST
PNB scam fallout: Govt mulls proposal to collect passports details of directors
To seek passport details of all individuals, who have permitted to serve as directors on the board of companies.
Mar 18, 2018, 17:27 PM IST
PNB fraud: ED attaches Nirav Modi's 100 acres of land as crackdown intensifies
The properties sealed included 10 offices, including two in Lower Parel worth around Rs 80 crore, six houses and two flats in Pune.
Mar 18, 2018, 16:48 PM IST
CBI registers fresh case related to Rs 9 crore fraud at PNB branch
The alleged embezzlement of around Rs 9.09 crore involved executives of a little-known firm called Chandri Paper and Allied Products.
Mar 15, 2018, 13:36 PM IST
