Page 2 - Nirav Modi Scam At Pnb

Nirav Modi case: PNB receives Rs 24 cr as first tranche of recovery from US

The central government said that PNB has informed the Ministry of Corporate Affairs that it has received 3.25 mn as the first tranche of recoveries in fugitive Nirav Modi case from the USA

Nirav Modi's car, paintings, luxury items fetch Rs 51 crore for ED

As many as 40 items went under the hammer on Thursday, which marks the completion of auction of assets seized by the Enforcement Directorate.

Bombay HC to hear Nirav's son plea challenging auction of seized paintings

A Bench headed by Chief Justice of Bombay High Court will hear the plea

Auction of Nirav Modi's assets postponed; live auction on March 5

Modi, who has allegedly defrauded state-run Punjab National Bank of over Rs 14,000 crore, is currently lodged in a British jail

UK may link extradition of Nirav Modi, Mallya with illegal migrant pact

The issue of the final signing of the memorandum of understanding on illegal immigrants was raised by UK Minister of State for Countering Extremism Baroness Williams

CBI gets nod for supplementary extradition plea against Nirav Modi

The court posted the matter for further hearing on January 13

Funds swindled by Nirav Modi could be much higher than earlier estimates

The economic fugitive declaration will lead to all of Nirav Modi's assets in India

PNB fraud: Proclamation order issued against Nirav Modi, two others

The probe agency has claimed that Parab was an executive in Nirav Modi's firm

PNB scam: Open-ended warrant issued against Nirav Modi in ED case

ED has moved the court for an open-ended NBW against them, saying the previous warrant could not be executed in time and it expired on Thursday

PNB fraud: Swiss authorities freeze 4 bank accounts of Nirav Modi, sister

The accounts, at present, have deposits totalling Rs 283.16 crore and they have been frozen on the request of the Enforcement Directorate (ED)

Antigua examining India's request to extradite Mehul Choksi, says MEA

India is trying to bring back Choksi from Antigua under the provision of a law of the island nation which provides for extradition of a fugitive to a designated Commonwealth country

After Goodwin default, IBJA calls for ban on jewellers' deposit schemes

Other industry players oppose the proposal for a ban, say such a move would render thousands unemployed

NCLT initiates insolvency proceedings against Nirav Modi's entity

FDIPL is one of the group's two jewellery manufacturing units to be based in SURSEZ in Sachin Village, Surat

Nirav Modi remanded until Oct 17, UK extradition trial planned for May 2020

The 48-year-old appeared via videolink before Westminster Magistrates' Court in London from his prison for a routine 'call-over' hearing

Nirav Modi further remanded to custody in UK prison until August 22

Modi, 48, has been lodged at Wandsworth prison in south-west London since his arrest in March

Mehul Choksi 'fugitive and absconder': Enforcement Directorate to Bombay HC

The ED, in its affidavit submitted on Monday to a division bench headed by Justice I A Mahanty, said Choksi is accused of siphoning and laundering money to the tune of Rs 6,097 cr in the PNB scam

DRT directs Nirav Modi, partners to pay Rs 7,030 crore with interest to PNB

Besides, their group companies have also been served the notices in the same case

Nirav Modi scam: PNB, Allahabad Bank may decide on action against EDs, MD

Since charges are restricted to procedural lapses without any criminal intent, board will take a decision in that light

CBI said to be filing fresh charges in $2-bn PNB scam involving Nirav Modi

Police filed their first charges in May last year and at the time detailed only some of the alleged fraudulent transactions to Modi and his associates

PNB fraud case: Red corner notice issued against Nirav Modi's brother

Nirav Modi and his uncle Mehul Choksi are alleged to be the main perpetrators of India's biggest bank fraud that came to the fore last year