Home » mehul choksi

You Searched For "mehul choksi"

Reserve Bank of India

After PNB fraud, RBI bans use of Letter of Undertakings for overseas...

RBI said the decision to discontinue practice of LoUs and LoCs for trade finance comes into force with immediate effect.

13 March 2018 7:17 PM IST

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...

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

13 March 2018 12:15 PM IST

Union Bank figures are separate from USD 300 million exposure it had previously reported on account of fraudulent PNB guarantees. (Photo: PTI)

Union Bank says has USD 45 mn direct exposure to Nirav Modi, Gitanjali...

Union Bank has direct credit exposure of about 1.2 billion rupees to companies controlled by jeweller Nirav Modi.

10 March 2018 10:14 AM IST

The extent of the unravelling fraud at Indias 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.

Before Nirav Modi, PNB incurred losses of over Rs 2,800 cr last fiscal...

This makes PNB the biggest such loser among all state-owned banks even before it uncovered an alleged Rs. 12,000 crore...

9 March 2018 7:15 PM IST

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

PNB may be given 1 year to provision against Rs 12,646 cr fraud

Bank has written a letter to banking sector regulator seeking its opinion on making provisions for fraud.

9 March 2018 11:29 AM IST

Persistent health problem, can't return to India: Choksi to CBI

A response on similar lines was received from Nirav Modi citing that he could not travel to India to join the probe.

9 March 2018 6:13 AM IST

Fresh summons to Choksi, says can't join probe

A response on similar lines was received from Nirav, who was also issu-ed a fresh summon.

9 March 2018 12:39 AM IST

Persistent health problem, can't return to India: Choksi to CBI

As his passport has been suspended by the Government, he also demanded to know the reason behind the action.

8 March 2018 3:39 PM IST

The Ministry of External Affairs on Friday suspended validity of passports of Nirav Modi and his business partner and uncle Mehul Choksi with immediate effect for a period of four weeks. (Facebook screengrab/NIRAVMODI)

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...

7 March 2018 12:11 PM IST

PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation. (Photo: PTI)

PNB fraud amount likely to swell beyond USD 2 bn mark

Investigators had not yet recovered all the papers and loan guarantees allegedly issued by rogue employees of the bank.

7 March 2018 10:52 AM IST

Gitanjali top honcho Vipul Chitalia held in PNB scam

Officials said Chitalia was at the helm of the affairs when Choksi's ventures indulged in illegalities'.

7 March 2018 3:02 AM IST

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...

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

6 March 2018 5:18 PM IST