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Two luxury cars registered in Modi’s name.

ED seizes Nine luxury vehicles, shares in Rs100crore raid on Modi

The officials have also seized costly paintings belonging to Modi that were found at his Samudra Mahal residence in Worli.

23 Feb 2018 6:30 AM

Both Modi and Choski are said to have left the country last month before criminal cases were lodged against them.

PNB scam: ED to quiz Nirav’s wife, freezes Rs 44 crore assets

The ED also seized a huge collection of imported watches from a workshop linked to Modi.

24 Feb 2018 12:37 AM

Over 700 workers protest move to seal Gitanjali group

Employees from five branches came together on Friday afternoon and started protesting outside the sealed shop of Gitanjali in Andheri.

24 Feb 2018 5:52 AM

Many Indian banks, including PNB, have not linked their core banking systems with the SWIFT network.

RBI orders changes to bank protocols after $1.8 billion fraud case

RBI ordered lenders to comply with more than two dozen items within set timelines.

24 Feb 2018 10:12 AM

The CBI has written to Canara Bank, Bank of India, State Bank of India, Allahabad Bank and Axis Bank seeking financial transactions into the nostro accounts of the Punjab National Bank on the basis of the LoUs, sources said. (Photo: PTI)

CBI seeks transaction details from 5 banks

During the course of the searches after registering the FIR against Nirav Modi, the CBI felt that some files could be with law firm.

27 Feb 2018 12:32 AM

Former finance minister P. Chidambaram (Photo: PTI)

PAC members question gold scheme

Through the process known as round tripping, black money that goes out of the country returns as white money.

02 Mar 2018 2:40 AM

The proposed law aims to impound and sell assets of Nirav Modi-type escapees with a view to quickly recover dues. (Photo: PTI/File)

Can't allow mockery of law: FM after Cabinet okays bill to seize assets of fraudsters

The law will apply to defaulters who have an outstanding of Rs 100 crore or more and have escaped from the country.

02 Mar 2018 8:37 AM

Nirav Modi and Mehul Choksi (Photo: PTI)

CBI quizzes top PNB official in Nirav Modi case

There are allegations that Choksi and Modi got letters of undertakings and foreign letters of credit of Rs 12,636 crore on fraudulent claims.

06 Mar 2018 12:30 AM

My arrest is illegal: Employee of Nirav Modi

Claims arrest was unlawful as a woman cannot be arrested after sunset.

06 Mar 2018 2:56 AM

The Rs 12,636-crore fraud was allegedly perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems. (Photo: PTI)

PNB fraud case: CBI detains Gitanjali Group's VP Vipul Chitalia

Chitalia was apprehended at Mumbai airport and brought to the CBI office at the Bandra-Kurla Complex in Mumbai for questioning.

06 Mar 2018 11:20 AM

Chitalia was apprehended at Mumbai airport and brought to the CBI office for questioning. (Photo: Facebook/File)

CBI arrests Gitanjali Group VP and PNB fraud 'mastermind' Vipul Chitalia

The Rs 12,636-crore fraud was allegedly perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi.

06 Mar 2018 5:18 PM

Bombay HC extends Gokulnath Shetty’s custody till March 17

The CBI has taken Shetty into custody in connection with the Choksi case.

07 Mar 2018 6:10 AM

The extent of the unravelling fraud at India's state-run Punjab National Bank could rise beyond the nearly $2 billion mark so far outlined by the lender, according to a source involved in the probe and court documents reviewed by Reuters.

SFIO summons banking leaders

Among the top executives summoned on Tuesday includes Chanda Kochhar, MD and CEO of ICICI Bank and Shikha Sharma, CEO of Axis Bank.

07 Mar 2018 6:23 AM

Billionaire Nirav Modi, his uncle Mehul Choksi and others are being investigated by multiple probe agencies after the scam recently came to light following a complaint by the PNB. (Photo: File)

PNB fraud 'sketchy': Delhi HC seeks ED’s reply on Nirav Modi plea

'The relevant records involved in the matter should be placed before the court on the next date of the hearing, March 19,' the bench said.

07 Mar 2018 12:11 PM

Diamond jewellery designer Nirav Modi was accused in February by state-owned Punjab National Bank of perpetrating a USD 1.8 billion fraud.

Nirav Modi drops out of Forbes billionaires list

Modi, who had featured in Forbes' 2017 rich list with a fortune of USD 1.8 billion, could not make the cut in this year's rankings.

07 Mar 2018 1:20 PM

Reserve Bank of India wrote to all banks a week ago asking for details of the LoUs they had written. (Photo: AFP)

RBI turns up heat on lenders after USD 2 billion loan fraud

RBI had asked banks to connect SWIFT interbank messaging system with their core banking software by April 30.

10 Mar 2018 10:38 AM

The Centre said it will take action against the people, hinting at former RBI governor Raghuram Rajan (R) and ex-finance minister P Chidambaram (L) at the time who relaxed gold import norms for private trading houses during the dying days of the UPA regime which resulted in a windfall of Rs 4,500 crore to 13 such entities in just six months. (Photo: PTI)

P Chidambaram, Raghuram Rajan may face music for easing gold import norms

The Centre on Monday through a commerce ministry statement announced that none involved would be spared.

13 Mar 2018 12:15 PM

The complaint stated that the two employees, who also assisted fugitive Nirav Modi and his uncle Mehul Choksi, had issued two LOUs for the above amount to the company.

Fresh Rs 9 crore fraud comes to haunt PNB

The LOUs were issued to SBI’s Antwerp branch in Belgium on April 25 last year with payment due date till January 20, 2020.

16 Mar 2018 12:31 AM

The Central Bureau of Investigation (CBI) has already registered two FIRs -- one on January 31 and another in February -- against billionaire Nirav Modi, his relative Mehul Choksi. (Photo: File)

There can't be parallel inquiry by courts, Centre tells SC in PNB fraud case

A bench headed by CJI was told by AG Venugopal that even before investigating agencies start probing case, people come to courts with PILs.

16 Mar 2018 3:21 PM

The CBI has alleged that the firms controlled by diamond baron Nirav Modi and Mehul Choksi obtained fraudulent Letters of Undertaking (LoUs) and letters of credit (LCs) worth over Rs 13,000 crore from PNB in connivance with some officials of the bank. (Representational image)

11 accused in pnb fraud remanded in police custody

Modi's firms allegedly defrauded PNB of over Rs 6,500 crore, while Choksi's firms allegedly defrauded PNB of Rs 7,080 crore.

18 Mar 2018 7:27 AM

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