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The raid was conducted over a span of three days. (Photo: Asian Age)

Punjab National Bank case: Rs 36 crore valuables seized

The raids were conducted and items were seized in connection with an ongoing probe into the Rs 12,600 crore Punjab National Bank fraud case.

25 Mar 2018 4:00 AM

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for "enforcement action".

PNB fraud case: RBI says examining enforcement action

RBI says it has conducted its scrutiny and the matter is currently under examination for "enforcement action".

01 Apr 2018 1:16 PM

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

Customers' money safe with us, says Punjab National Bank

Urging customers not to believe in any rumours, the bank assured that they can withdraw or deposit their money anytime.

02 Apr 2018 6:13 PM

Accused official remanded to ED custody in PNB scam

The ED on Thursday arrested Shetty after the court on April 3 allowed the agency’s plea for his custody.

06 Apr 2018 1:35 AM

The CBI said its probe had revealed that the bank wanted to terminate its relationship with the Nirav Modi Ltd and was set to pay the money back to the billionaire diamantaire. (Photo: PTI)

PNB scam: CBI court nods to attach Nirav Modi's UK bank account

Nirav Modi's Barclays bank account in the UK has about 12,79,517 pounds and USD 1,244.

10 Apr 2018 11:13 AM

Jewellery worth Rs 85 crore seized

ED ‘convinced’ Gitanjali Group officials to bring it to city from Dubai.

18 May 2018 1:36 AM

Markets regulator Sebi will consider penal action against Punjab National Bank and Gitanjali Gems after completion of its probe into suspected trading and disclosure related issues in the matter of over Rs 14,000 crore banking fraud, senior officials said.

Sebi to consider penal action against PNB, Gitanjali Gems

Sebi last week issued a warning letter to PNB for delaying disclosures to stock exchanges about the fraudulent transactions.

20 May 2018 12:24 PM

The bank was asked to provide details of inspection that resulted in detection of the fraud and provide copy of inspection reports.

PNB refuses to disclose details on over Rs 13,000 cr scam

RBI had also earlier declined to share inspection reports for scam-hit PNB.

21 May 2018 8:40 AM

PNB has also relieved the two executive directors, Rao and Sharan, of their duties.

Top executives at fraud-hit PNB misled RBI, CBI alleges

RBI had repeatedly cautioned all banks, including PNB, and had sought details from the banks.

22 May 2018 9:10 AM

Nirav Modi diverted Rs 4,299 cr to himself, family and firms: ED in court

The agency would soon file a second charge sheet against Modi's uncle and jeweller Mehul Choksi and his businesses.

25 May 2018 1:21 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

Modi, Mehul Choksi and others are being probed by the agencies after the fraud came to light, following a complaint from the PNB that they allegedly cheated the nationalised bank to the tune of over Rs 13,000 crores. (Photo: File)

Nirav Modi faces fresh FIR for using multiple Indian passports

Agencies detected that the absconding diamond merchant possessed at least half-a-dozen Indian passports.

17 Jun 2018 6:15 PM

Diamond scam: Fraudsters used Nirav Modi’s modus operandi

The accused had been using the modus to overvalue instead of undervaluing to save on import duty, officials said.

15 Jul 2018 2:57 AM

Lok Sabha passes bill to stop Nirav-type fugitives’ flight

Goyal also asked why the UPA government had not brought a legislation like this.

20 Jul 2018 4:28 AM

India has asked Britain to extradite billionaire jeweller Nirav Modi, one of the main accused in the USD 2 billion loan fraud at state-run Punjab National Bank (PNB).

Govt sends extradition request to UK for loan fraud accused Nirav Modi

The international police agency Interpol last month issued a request to find and arrest Modi.

03 Aug 2018 1:55 PM

Nirav Modi and Mehul Choksi (Photo: PTI)

Cops probing how Choksi avoided tag

The enquiry is underway to find who issued the status to avoid the verification.

05 Aug 2018 2:31 AM

According toCBI, Ambani was aware of the fraudulent LoUs issued by PNBs former deputy manager Gokulnath Shetty in favour of Modi's firms. (Photo: File)

PNB scam: Senior executive of Nirav Modi firm gets bail

Vipul Ambani, president (finance) of Modi's firm Fire Star Diamond, was arrested by the CBI in February this year.

05 Aug 2018 3:57 PM

Fraud-hit bank has been robbed of another Rs 271 crore by a group of businessmen in UK using similar modus operandi.

PNB’s overseas operations also under fraud cloud

Lender goes to the British HC against 5 Indians and an American who made off with Rs 271 crore in unpaid loans.

19 Nov 2018 10:28 AM

The ministry of home affairs (MHA) recently made changes in the circular by including CEOs of PSBs in the list of officials who can make request for issuance of LOCs to the ministry.

PSBs to put defaulters on watch

CEO, MD given power to request for lookout notices.

23 Nov 2018 6:29 AM

He gave his response before an anti-corruption court that is hearing a case filed by the Enforcement Directorate to have him declared a 'fugitive economic offender' under the Fugitive Economic Offenders Act, 2018. (Photo: File)

Have done no wrong, PNB loans were civil transactions: Nirav Modi

Nirav Modi said the situation is blown out of proportion and can't come back to the country due to security reasons.

05 Jan 2019 1:46 PM

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