PNB Fraud Case | The Asian Age

Friday, Apr 26, 2024 | Last Update : 02:25 AM IST

PNB Fraud case Page-3

CBI asked to counter claims of accused in PNB scam

The CBI register shows his entry for Feb. 19, while he had visited the office on Feb. 18 & 19.

06 Jul 2018 2:01 AM

There were reports that Nirav Modi may have visited the UK, France and Belgium in the past few weeks. (Photo: File)

Not aware about Nirav Modi seeking political asylum in UK: Govt

Nirav Modi is wanted by the CBI in the USD 2 billion Punjab National Bank scam.

04 Jul 2018 9:57 PM

Justice S Vaidyanathan made the observation in his order rejecting a petition by an aspiring nursing student seeking a direction to the State Bank of India for sanctioning her an education loan after the bank denied it on the ground that her father was a defaulter. (Photo: PTI | File)

Better to reject loan than running after defaulters: Madras HC

The judge said in this case SBI was right in rejecting the petitioner's loan application as petitioner's father was a defaulter.

29 Jun 2018 8:41 AM

PNB fraud: ED files chargesheet against Choksi

The 14 accused, including the firms, were charged under the Prevention of Money Laundering Act.

29 Jun 2018 2:25 AM

Nirav Modi is wanted in India for an alleged Rs 13,500 crore Punjab National Bank (PNB) fraud. (Photo: File)

PNB fraud case: India could begin Nirav Modi's extradition process in UK

According to information available in the UK, Nirav Modi arrived in London earlier this year on an Indian passport.

14 Jun 2018 9:31 PM

Nirav Modi is said to have left the country before criminal cases were lodged against him. (Photo: File)

Special court issues non-bailable warrant against Nirav Modi, kin

The non-bailable warrants were issued by Special PMLA judge Salman Azmee against Nirav Modi and 10 others, including his family members.

12 Jun 2018 8:09 PM

RBI Governor Urjit Patel expressed confidence of tiding over the crisis regarding non-performing assets. (Photo: File)

Urjit Patel assures parliamentary panel of steps to strengthen banking system

RBI Governor Urjit Patel faced questions on bad loans, bank frauds, cash crunch and other issues.

12 Jun 2018 3:59 PM

The ED-CBI case has been registered against firm director and owner Vikram Kothari, his wife Sadhna Kothari, son Rahul Kothari and unidentified bank officials on a complaint from the Bank of Baroda. (Photo: File)

ED attaches assets worth Rs 177 crore in Rotomac bank fraud case

The ED alleged that these assets were the 'proceeds of crime' of the illegal act of money laundering.

29 May 2018 2:54 PM

Nirav Modi, who is absconding and has not joined the ED probe in the case till now, and others are being probed under various criminal laws after the fraud came to light. (Photo: File)

ED to seek immediate confiscation of Nirav's assets under fugitive ordinance

A court-issued non-bailable warrant is already pending against Modi and ED has also moved to get a global arrest warrant issued against him.

27 May 2018 2:54 PM

Kumar, the JD(U) national president, had come out in support of the demonetisation measure, when he was in the Grand Alliance comprising the RJD and the Congress.(Photo: PTI)

Banks did not implement demonetisation properly: Nitish Kumar

'Banks are so strict in recovering amounts lent to small-scale borrowers. Why not same strictness in case of big defaulters?' Kumar said.

27 May 2018 12:52 PM

The ED chargesheet focuses on the money laundering aspect and the role of Nirav Modi and others in perpetrating the alleged fraud, a senior official said. (Photo: File)

PNB fraud case: ED files chargesheet against Nirav Modi, associates

ED said about 12,000 page chargesheet or the prosecution complaint has been filed before special court under various sections of PMLA.

24 May 2018 6:07 PM

The chargesheet names managing director of Gitanjali group Mehul Choksi, former PNB managing director and CEO Usha Ananthasubramanian and two serving executive directors of PNB, Brahmaji Rao and Sanjiv Sharan, and PNB deputy manager Gokulnath Shetty among others. (Photo: File)

PNB scam: Court orders issuance of non-bailable warrant against Mehul Choksi

The second chargesheet has been registered for a total amount of Rs 7,080.86 crore, covering 142 LOUs and 58 foreign letters of credit.

23 May 2018 1:13 PM

Former PNB MD misled RBI: CBI chargesheet

Ananthasubramanian was among the PNB officials chargesheeted in the case.

22 May 2018 1:54 AM

Nirav Modi and Choksi are being investigated by the Enforcement Directorate (ED) for allegedly cheating Punjab National Bank, the country's second largest lender, to the tune of more than USD 2 billion or over Rs 13,000 crore. (Photo: PTI)

PNB fraud case: ED attaches more assets of Nirav Modi worth Rs 170 Cr

ED issued a provisional order under PMLA attaching number of bank accounts, immovable assets and share investments of Nirav Modi.

21 May 2018 5:04 PM

Nirav Modi and Mehul Choksi (Photo: PTI)

CBI to send requests to 4 countries in PNB case

The agency will soon approach a competent court for sending these judicial requests or letters rogatory (LRs).

09 May 2018 2:03 AM

To fix mess in banking, admit the problem first

India has faced many banking crises. Hundreds of banks had shut down in the 1930s and 1940s.

01 May 2018 12:11 AM

Nirav Modi and Mehul Choksi had fled the country after the alleged bank fraud came to light. (Photo: File)

PNB moves Hong Kong HC against Nirav Modi, will approach courts in other nations

The MEA, had claimed to have traced him in Hong Kong and requested for provisional arrest of Nirav Modi.

21 Apr 2018 5:52 PM

Modi (46), a regular feature on the lists of rich and famous Indians since 2013, was booked by the CBI, along with his wife, brother and Choksi for allegedly cheating the state-run PNB. (Photo: PTI)

PNB fraud case: Non-bailable warrants issued against Nirav, Mehul Choksi

The issuance of NBWs by a court also opens door of seeking Red Corner Notices against both of the accused from the Interpol.

08 Apr 2018 4:58 PM

Advocate Sanjay Abott, appearing for Gitanjali Gems, sought direction to quash the Enforcement Directorate's move of seizing the firm's moveable properties. (Photo: File)

PNB fraud case: Delhi HC seeks ED’s reply on plea by Mehul Choksi’s firm

The court said it will hear the matter along with a similar pending plea of billionaire Nirav Modi's firm Firestar Diamond on April 11.

06 Apr 2018 2:03 PM

Arun Jaitley had in February slammed regulators for failing to detect the fraud, saying that unlike politicians, regulators in the Indian system were unaccountable.

RBI did not conduct audit during PNB scam: CVC

Chowdary pointed out that the RBI issues general guidelines as a regulator and also when foreign exchange is involved.

04 Apr 2018 1:35 AM

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Sunil Gatade