Page 16 - Nirav Modi Scam At Pnb

PNB scam: Gitanjali Group's VP held, SFIO calls top bankers; 10 highlights

ICICI Bank Managing Director and Chief Executive Chanda Kochhar and her Axis Bank counterpart Shikha Sharma have been summoned by the SFIO in connection with the scam at PNB

PNB scam: SFIO summons senior officials of ICICI Bank, Axis Bank

The officials were in the office for over two hours and are understood to have been asked about their business with firms like Choksi's Gitanjali Gems and also Modi

PNB fraud probe: Stocks tumble after Axis, ICICI bank officials summoned

Markets fall most in the month; Sensex drops 743 points from day's high

The reason why extent of fraud unravelling at PNB could rise beyond $2 bn

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

PNB scam: PMO apprised of action taken against fraud on Mar 1, says FinMin

Jaitley expressed hope that going forward the bank's market capitalisation would improve

PNB fraud: Nirav Modi's Firestar Diamond moves Delhi HC against ED

The Enforcement Directorate (ED) has registered a money laundering case against Nirav Modi and others on the basis of a CBI FIR

PNB fraud: SFIO to quiz ICICI's Chanda Kochhar, Axis Bank's Shikha Sharma

ICICI Bank is believed to have extended a loan of Rs 10 billion and Axis Bank Rs 7 billion last year to Mehul Choksi's Gitanjali Gems

Gitanjali Gems downfall continues; tanks 71% in three weeks

The stock is locked in lower circuit for the 13th straight trading day, down 5% at Rs 18.35 after the media report suggested that the CBI had arrested Vice President of the company in PNB case.

Rs 127-bn PNB fraud: CBI detains Gitanjali Group's vice president

The Rs 126.36-billion fraud was allegedly perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems

Rs 127-billion fraud fallout: Foreign banks stop selling gold to PNB

In recent months, PNB has emerged as one of the largest gold importing banks, where it earned a margin of 1-2 per cent

PNB scam: Violation of norms going on since 2010, says CBI

Nair had signed various applications to avail the LoU facility, and he was also a director at 19 other companies of Mehul Choksi, the CBI lawyer said

PNB fraud: CBI grills general manager, gets remand of four accused

Two of the four arrested accused are from Nirav Modi's firm, one is an auditor and one an employee of the Gitanjali Group

PNB fraud going on since 2010, CBI tells court: Top 10 developments

CBI arrested four officials of Nirav Modi, Mehul Choksi's companies. on Monday Vipul Ambani and five others were sent to 14-day judicial custody

Debates on PNB scam, Karti Chidambaram disrupt Budget session reopening

Apart from the Congress, Trinamool Congress asked for a discussion on Punjab National Bank fraud case

How loopholes in PSBs' systems were flagged but never fixed until PNB fraud

In the three weeks since details of the alleged fraud was disclosed, Indian authorities and the media have squarely blamed Punjab National Bank, and Nirav Modi

P Chidambaram's 80:20 gold scheme aided Mehul Choksi: Ravi Shankar Prasad

In August 2013, the then UPA government had introduced the 80:20 rule which allowed traders to import gold only after they had exported 20 per cent of gold from their previous import

PNB scam: CBI arrests director of Gitanjali along with auditor, 2 employees

The PNB filed a second complaint with the CBI on February 13

PNB scam: Will Fugitive Economic Offenders Bill catch the next Nirav Modi?

Legal experts are not sure if threat of confiscation of property will be deterrent enough for fleeing offenders

PNB scam and NPA crisis: How to build capacity at Reserve Bank of India

The PNB crisis, and the vastly larger NPA crisis, have demonstrated that the RBI's oversight of banks is flawed

How did BJP manage to prevent adverse impact of PNB scam in Northeast?

The Congress or the Left Front failed to drive home the electoral advantage from the PNB scam and they must examine what could have gone wrong