PNB fraud: ED, CBI widen probe; 200 shell firms, benami assets under scanner
ED suspects that the shell firms were being used to route funds, which were then parked as land, gold and gems under fake identities.
Feb 19, 2018, 00:00 AM IST
After Nirav Modi, now Rotomac Pens owner Vikram Kothari goes missing with over Rs 800 crore
Kothari took a loan of Rs 485 crore from Union Bank of India and a loan of Rs 352 crore from Allahabad Bank.
Feb 18, 2018, 21:47 PM IST
PNB fraud: Bring out White Paper on banking system, Congress to Narendra Modi govt
Congress today called on the NDA govt to bring out a White Paper on the banking system in view of Rs 11,400 crore PNB fraud.
Feb 18, 2018, 19:09 PM IST
PNB scam: ED continues to raid Nirav Modi-linked properties across 15 cities
The search operations come days after PNB, the second largest public sector bank in India, detected Rs 11,400 crore scam in one of its branches in Mumbai.
Feb 18, 2018, 18:03 PM IST
Nirav Modi effect? PNB sees 23% rise in outstandings against big wilful defaulters
The 123-year old state-lender has unearthed Rs 11,400 crore fraud allegedly involving billionaire jeweller Nirav Modi and associate entities.
Feb 18, 2018, 17:44 PM IST
PNB fraud: Assocham urges Centre to cut stake in banks to below 50%
The industry body said that PSBs have to function on the lines of private sector lenders with a full sense of accountability to their shareholders.
Feb 18, 2018, 16:26 PM IST
Stop behaving as if you're guilty, speak up: Rahul Gandhi to PM Modi and Jaitley
PM Modi can tell kids how to pass exams for 2 hours, but won’t speak for 2 minutes on the 22,000 crore banking scam, tweeted Rahul Gandhi.
Feb 18, 2018, 15:21 PM IST
PNB scam: Raids at 26 different locations underway
Raids at 26 different locations in 5 states are underway in the PNB bank scam. To know more, watch the video.
Feb 18, 2018, 12:08 PM IST
PNB fraud: Arrested bank officials not co-operating in CBI probe, say reports
The arrested bank officials have disclosed that the commission in exchange of issuing the LoUs was distributed between all PNB employees who was involved in it.
Feb 18, 2018, 10:21 AM IST
PNB fraud: UCO Bank says has $411.82 mn outstanding exposure
PNB, the second-largest public sector bank in India, had detected the $1.8 billion fraud in one of its branches in Mumbai.
Feb 17, 2018, 23:53 PM IST
After PNB, City Union Bank says hit by Rs 12.8 crore fraud caused by SWIFT system
Just like the PNB fraud, no entries of remittances were made in the ledgers of City Union Bank.
Feb 17, 2018, 22:35 PM IST
PNB fraud: Have nothing to do with Nirav Modi, says Abhishek Manu Singhvi, warns of defamation suit against BJP
BJP has claimed that the multi-crore scam in the Punjab National Bank took place during the term of the United Progressive Alliance government.
Feb 17, 2018, 17:04 PM IST
How Gokulnath Shetty's retirement proved crucial in unearthing the PNB scam
Gokulnath Shetty was arrested along with two other key accused in the PNB fraud on Saturday.
Feb 17, 2018, 15:16 PM IST
Who travels with you on official tours? Congress asks PM Modi
The Congress earlier claimed the billionaire jeweller Nirav Modi was a part of a delegation travelling with PM Modi to Davos
Feb 17, 2018, 13:57 PM IST
PNB fraud: Ex-deputy bank manager Gokulnath Shetty, two other key accused arrested
The three arrested officials will be produced before the CBI special court in Mumbai later on Saturday.
Feb 17, 2018, 12:02 PM IST
RBI denies giving instruction to PNB over Nirav Modi case
Nirav Modi, who was alleged to have carried out fraudulent transactions worth over Rs 11,400 crore in PNB.
Feb 17, 2018, 00:08 AM IST
PNB fraud: MEA says 'not aware of Nirav Modi's location', CBI approaches Interpol
CBI approached the Interpol with a request for issuing Diffusion Notice which was aimed at locating an individual.
Feb 16, 2018, 22:11 PM IST
Nirav Modi not part of PM's delegation to Davos, group photo an impromptu event: MEA
The MEA on Thursday suspended with immediate effect the passports of diamantaire Nirav Modi and his business partner Mehul Choksi for four weeks.
PNB not the only bank facing a fraud, says unpublished RBI data
In India, loan frauds typically refer to cases where the borrower intentionally tries to deceive the lending bank and does not repay the loan.
Feb 16, 2018, 19:21 PM IST
