ED to seek fugitive tag for Choksi after court takes cognisance of chargesheet
The special Prevention of Money Laundering Act court today took cognisance of a criminal prosecution compliant - chargesheet - filed by the agency against Choksi and 13 others on June 28 under the anti-money laundering law.
Jul 03, 2018, 17:49 PM IST
Interpol issues Red Corner Notice against Nirav Modi
The Red Corner Notice will reportedly allow enforcement agencies of the member countries of Interpol to try to find and make arrests in their respective countries.
Jul 02, 2018, 10:08 AM IST
PNB scam: Choksi moves court seeking cancellation of NBW
In the application, he claimed that he cannot travel because of his medical condition.
Jun 28, 2018, 13:55 PM IST
Nirav Modi managed to travel across several countries despite Interpol alert: CBI
Absconding diamantaire Nirav Modi managed to travel across several countries even after information about his passport being revoked by the Indian government was flashed in the Interpol central database on February 24, the CBI said on Monday.
Jun 18, 2018, 21:41 PM IST
Absconding diamond merchant Nirav Modi possesses 6 Indian passports, faces fresh FIR
Absconding diamond merchant Nirav Modi has been traced to Belgium by Indian intelligence agencies and his frequent travels, despite the revocation of his passport, have led the sleuths to unearth that of the six passports he held, two were active for quite some time.
Jun 17, 2018, 21:58 PM IST
CBI approaches Interpol, seeks Red Corner Notice against Nirav Modi
The Red Corner Notice will reportedly allow enforcement agencies of the member countries of Interpol to try to find and arrest them in their respective countries.
Jun 11, 2018, 17:48 PM IST
Chidambaram takes jibe at Centre over PNB scam
The Punjab National Bank (PNB) detected the multi-crore scam
Jun 11, 2018, 12:28 PM IST
Nirav Modi flees to UK claiming political asylum: Report
Both Nirav Modi and Choski are said to have left the country before criminal cases were lodged against them.
Jun 11, 2018, 09:43 AM IST
21 Public Sector Banks lost Rs 25,775 crore in bank frauds in 2017-18: RTI
The Punjab National Bank (PNB) had incurred the highest loss of Rs 6461.13 crore due to different cases of fraud during the fiscal .
May 28, 2018, 11:23 AM IST
Wilful defaults by PNB's big borrowers rise further to Rs 15,200 cr by April-end
The bank which posted a record loss of more than Rs 13,400 crore for the last quarter of 2017-18 closed the fiscal with big wilful defaults of Rs 15,171.91 crore, according to the PNB data.
May 21, 2018, 17:34 PM IST
Moody's downgrades PNB, cites negative impact of fraud on capital
The agency downgraded PNB's foreign currency issuer rating by a notch to 'ba1', which is non-investment grade, from 'Baa3'- meaning below investment grade.
May 21, 2018, 13:58 PM IST
PNB scam: ED issues summons to Nirav Modi's father, sister
The fraud was committed during 2011-17 by illegally issuing Letters of Undertaking (LoUs) and Foreign Letters of Credit (FLCs).
May 18, 2018, 15:24 PM IST
PNB posts biggest ever quarterly loss of Rs 13,417 crore in Q4
The bank had reported a staggering standalone profit of Rs 261.90 crore in the fourth quarter of 2016-17.
May 15, 2018, 15:32 PM IST
Non-governmental expert agency to be appointed to review monthly performance of PSBs
The expert agency will be tasked to review the performance on basis of 60-parameters.
May 09, 2018, 18:19 PM IST
BoI has Rs 200 crore exposure in PNB scam, initiates proceedings: CEO
The Centre has also intervened in the bankruptcy proceedings of Nirav Modi firms in the US to protect the interests of PNB.
May 08, 2018, 17:40 PM IST
PNB says internal probe into $2 billion fraud ongoing; more heads could roll
PNB has so far suspended 21 officials and Mehta said the bank was carrying out an investigation to find out how the fraud - the biggest in Indian banking history - went unnoticed for more than half a decade.
Apr 12, 2018, 12:50 PM IST
Fitch downgrades PNB's viability rating to BB-
According to a statement from the credit ratings agency, PNB`s other ratings are unaffected by this downgrade.
Apr 10, 2018, 17:48 PM IST
SC to decide maintainability of plea for court-monitored probe into PNB scam
Attorney General K K Venugopal sought dismissal of the PIL seeking a court-monitored probe into the alleged scam saying multiple agencies are already probing the matter.
Apr 09, 2018, 13:44 PM IST
PNB scam: CBI starts questioning senior officers of other Indian banks
In the last two days, CBI has questioned officers of GM and DGM rank of these banks who were in-charge of international operation and treasury.
Apr 02, 2018, 18:10 PM IST
Exporters may get relief soon as finance ministry asks RBI to review decision on LoU ban
RBI last month banned issuance of LoUs and Letters of Comfort (LoC), used extensively for trade finance, following the unearthing of Nirav Modi fraud case.
Apr 02, 2018, 12:49 PM IST
