Page 18 - Nirav Modi Scam At Pnb

Never dealt with Nirav, Choksi, they always paid dues late: Diamond traders

The financial sector was stunned when Punjab National Bank said in mid-February it was the victim of a $1.77 billion fraud

Nirav Modi case: CBI recovers documents related to LoU from Mumbai 'chawl'

It is alleged that LoUs and LCs worth close to $2 billion were issued to the companies of uncle-nephew duo of Choksi and Modi from the Brady Road branch of the bank through SWIFT

PNB denies reports RBI didn't conduct any audit at Brady House branch

Earlier, the fraud amount was said to be Rs 114 billion, but onn Tuesday, the bank had informed the stock exchanges that additional amount of Rs 13 billion had been discovered to be part of the fraud

PNB fraud: ED attaches Rs 12-bn assets of Mehul Choksi; 10 developments

The development comes a day after a Blue Corner notice was issued against the Gitanjali promoter and Nirav Modi

ICAI seeks govt help for access to PNB fraud data

ICAI intends to investigate the chartered accountants of PNB

PNB fraud: Nirav Modi refuses to join CBI probe citing business engagements

Meanwhile, the CBI has arrested PNB's internal chief auditor M K Sharma-- a chief manager-ranked official-- in connection with the case

PNB shares bounce back; gain over 3% at close

The stock had plummeted over 12 per cent in the previous trading session, registering its fourth straight session of fall

PNB fraud: De Beers cuts India allocation for rough diamonds by 10%

The industry is also cutting down on business ahead of the closing of the financial year

CBI arrests PNB Brady House branch's internal auditor in $2-billion fraud

The arrested auditor M K Sharma was "allegedly responsible for auditing the systems and practices" of the bank's Brady House branch in Mumbai

I-T issues lookout notice against Nirav, Choksi to restrict their movement

Meanwhile, Nirav Modi has refused to join Central Bureau of Investigation (CBI) probe in connection with the PNB scam

PNB fraud & more: Nifty PSU Bank sees worst monthly fall in two years

The recent fall has been triggered by the Punjab National Bank fraud, estimated to be worth over Rs 114 billion

Allegations of frauds dent India Inc's ability to win investor confidence

Government bonds have suffered their worst sell-off in almost two decades, and the rupee and stocks have been under pressure

Nirav Modi refuses to join CBI investigations in PNB scam case: Officials

The CBI today directed him to contact the embassy of India in a country where he is staying so that his travel to India can be arranged

Use blockchain technology to prevent PNB like scam: Foreign data expert

Blockchain technology allows entrepreneurs to incorporate their businesses on a digital distributed ledger, removing intermediaries in traditional processes

PNB stock cracks 6% to hit 20-month low after Firestar files for bankruptcy

Nirav Modi's international jewellery business Firestar Diamond filed a bankruptcy plea in the US

PNB scam throws long shadow on diamond industry in Surat, deals drop 10%

Deals down 8-10% since Nirav-Choksi scam broke

Nirav Modi's Firestar Diamond files for bankruptcy as PNB fraud hits $2 bn

Firestar Diamond Inc blamed liquidity and supply chain challenges and listed up to $100 million in assets and debt

Check NPAs above Rs 500 mn for possible fraud, alert CBI: Govt tells banks

Lenders told to plug operational, technological loopholes in 15 days

After unearthing mega fraud, PNB appoints group Chief Risk Officer

According to PNB, Modi, Choksi and their associates worked with rogue PNB employees

PNB scam: How do you make regulators accountable?

It is time the concept of independent evaluation offices for different regulators