PNB fraud may cause a loss of whopping Rs 17,632 crore to banks, says Income Tax Department
As of March 2017, banks had extended loans and guarantees worth $2.74 billion to firms tied to billionaire jeweller Nirav Modi and his maternal uncle Mehul Choksi.
Feb 17, 2018, 20:44 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
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.
Government says blame UPA for PNB fraud, Congress advises 'homework' to BJP
The MEA on Friday suspended with immediate effect the passports of diamantaire Nirav Modi and his business partner Mehul Choksi for four weeks.
Nirav Modi case: After 'guide to looting India' Rahul Gandhi tweets 'scamster's escape formula'
On Thursday, the Gandhi scion had taken potshots at PM Modi by tweeting ‘Guide to looting India’.
Feb 16, 2018, 15:11 PM IST
PNB fraud: Nirav Modi, Mehul Choksi's passport suspended; 50 more firms to be raided
While Modi runs the jewellery brand chain under his name, Choksi is the promoter of Gitanjali Gems.
Feb 16, 2018, 14:40 PM IST
PNB fraud: Over Rs 9,000 crore of investor wealth wiped out in last four days
The Mcap of PNB shrunk to Rs 30,162.18 crore from Rs 39,209.62 crore on February 12.
Feb 16, 2018, 13:00 PM IST
PNB Scam: Eight more bank employees suspended
The number of suspended employees now stands at 18, which also includes General Manager level officers.
Feb 16, 2018, 12:10 PM IST
PNB fraud case: ED summons Nirav Modi and Choksi, asks to depose within a week
While Modi runs the jewellery brand chain under his name, Choksie is the promoter of Gitanjali Gems.
Feb 16, 2018, 11:31 AM IST
Union Bank has $300 million exposure to PNB fraud
Union Bank of India shares dropped 2.37 percent to Rs 117.25 while the PNB stock fell over 3 percent to Rs124.45 on BSE.
Feb 16, 2018, 11:10 AM IST
PNB fraud case: CBI approaches Interpol to locate Nirav Modi and his family
CBI approached the Interpol with a request for issuing Diffusion Notice which was aimed at locating an individual.
Feb 16, 2018, 11:07 AM IST
Nirav Modi leaves India: List of other fugitive economic offenders on the run
Modi's leaving the country once again brings to limelight the cases of other economic offenders like Vijay Mallya, Lalit Modi, Deepak Talwar and Sanjay Bhandari on the run.
Feb 16, 2018, 08:22 AM IST
PNB fraud: PC Jeweller says buys diamonds from local market in cash, not via LoUs
The BSE had sought clarifications from the firm after its share prices slumped nearly 20% to Rs 303 apiece in early trade.
Feb 15, 2018, 23:45 PM IST
Priyanka Chopra mulling termination of contract with Nirav Modi, says her spokesperson
The actress has sought legal opinion to terminate her contract with the designer's company.
Feb 15, 2018, 20:34 PM IST
What do you mean by 'Chhota Modi'? Angry BJP hits out at Congress for 'demeaning' jibe
Congress had said "chhota Modi" was part of a delegation travelling with Prime Minister Modi despite "the complaint against him".
Feb 15, 2018, 17:49 PM IST
Who is Nirav Modi: 10 things about the billionaire at the centre of PNB fraud
In what could be the biggest banking fraud in India, state-owned Punjab National Bank has said it has detected a USD 1.77 billion scam in which billionaire jeweller Nirav Modi allegedly acquired fr
Feb 15, 2018, 16:49 PM IST
West Bengal CM Mamata Banerjee demands time bound probe into PNB fraud
Mamata Banerjee on Thursday demanded a thorough and time-bound investigation into the fraud in Punjab National Bank.
Feb 15, 2018, 16:37 PM IST
Bank taking action against employees involved in $1.77 bn fraud: PNB Chairman
PNB has suspended 10 officers over the scam and referred the matter to CBI for investigation.
Feb 15, 2018, 14:38 PM IST
PNB identifies lenders over LoUs issued in Nirav Modi fraud case
The LoUs were issued on behalf of Diamond R US, Solar Exports, Stellar Diamonds.
Feb 15, 2018, 14:23 PM IST
Can Nirav Modi, Vijay Mallya leave India without BJP connivance: Arvind Kejriwal
Delhi Chief Minister Arvind Kejriwal has questioned the Narendra Modi-led Bharatiya Janata Party (BJP) government amid reports of billionaire jeweller Nirav Modi, who is under Enforcement Directorate scanner over Rs 280 crore fraud at Punjab National Bank.
Feb 15, 2018, 12:36 PM IST
