Page 32 - Nirav Modi Scam At Pnb

PNB fraud began under UPA, says BJP; Cong asks PM to break 'vow of silence'

Surjewala said that not just the PNB, the fraud covers 16 other banks

Rs 114-billion fraud: Other banks did not raise an alarm, says PNB

The PNB also named the banks in the complaint, which included the Frankfurt and Mauritius branches of the State Bank of India

PSBs reported 8,670 loan fraud cases over last five fiscal years: RBI data

In India, loan frauds typically refer to cases where the borrower intentionally tries to deceive the lending bank and does not repay the loan

CBI, I-T department, ED widen probe into PNB's Rs 114-billion fraud

CBI said PNB officials Gokulnath Shetty and Manoj Kharat, in connivance with accused companies, defrauded the bank of Rs 48 bn

PNB Rs 114-bn fraud: Diamond industry could give more headache to banks

The industry is now technically insolvent, with the market capitalisation of many companies now lower than their debt outstanding

Scam-hit PNB will return to normalcy within six months, assures MD

Passports of Nirav Modi and Mehul Choksi suspended for four weeks

New black money act slapped on Nirav Modi: 105 a/cs, 29 properties attached

Tax sleuths also pasted attachment notices at immovable properties of Modi, his wife Ami and his firms located in Mumbai, Surat, Jaipur and Delhi

PNB fraud: Govt identifies 150 shell companies linked to Nirav Modi

The CBI and ED continued their crackdown on the bank fraud, registering a fresh case against Nirav Modi's maternal uncle Mehul Choksi

PNB fraud started under UPA, grew during NDA: Ex Allahabad Bank official

The former top bank official said the scam that started during UPA rule increased 50 fold in the NDA rule

Allahabad Bank discloses Rs 23.6-bn exposure in Rs 114-bn PNB fraud

Allahabad Bank was among other banks that were said to have offered credit based on Letters of Undertaking issued by PNB

The PNB fraud: A clear cut case of no systemic accountability

Market-based reform, like the new bankruptcy code, has a better chance of success than bureaucratic stipulations for govt bankers

A 2015 clip shows PM Modi hosting 'Mehul Bhai' at his official residence

The video clip put out by online news portal GoNews shows Choksi, Chairman and MD, Gitanjali Group, seated among the audience at the Prime Minister's 7, RCR

ED, CBI tighten noose around Nirav Modi, Mehul Choksi: Top developments

The ED had also moved the external affairs ministry to revoke their passports, following which the MEA suspended it temporarily

Rs 114-bn PNB fraud happened due to failure of internal controls: RBI

RBI said it has already undertaken assessment of control systems in PNB and will take appropriate supervisory action

Absconder Mehul Choksi has been under I-T's scanner since 2012

Among the companies named by Mumbai Customs Department were Choksi's group businesses - Gitanjali Gems and Gitanjali Jewellery

Finding NiMo: Bollywood takes dig at Nirav Modi, bank, politicians

Meanwhile, Bollywood actress Priyanka Chopra, the global brand ambassador for Nirav Modi, is seeking legal opinion to terminate her contract with him

Fraud-hit PNB looking to sell real estate assets worth Rs 50 bn: Source

CBI raided the offices of jewellery retailer Gitanjali on Friday in a widening probe into the fraud

Nirav Modi case: ED begins independent valuation of seized articles

Raids are being conducted in at least 20 locations related to the Gitanjali group of companies, promoted by Nirav Modi's maternal uncle and business partner Mehul Choksi

Bank vulnerabilities: PNB fraud exposes failure of systems and oversight

False letters of undertaking were used as a basis for branches abroad of other Indian banks to transfer funds in dollars on behalf of PNB

PM the catalyst in fraudsters' equation: Rahul's 'scamster escape formula'

Congress President Rahul Gandhi today fired yet another salvo at Prime Minister Narendra Modi over tainted businessmen Nirav Modi fleeing the country. Taking to Twitter, Gandhi posted, "The scamster's escape formula: La(Mo) + Ni(Mo) ---(with) Na(Mo)---> Bha(Go)", while using the hashtag "#ModiRobsIndia". The Congress chief had yesterday alleged that the NDA government was looking the other way when billionaire jeweller Nirav Modi used his clout with the prime minister to slip out of the country and steal Rs 12,000 crore, drawing comparison with the case of liquor baron Vijay Mallya. "Guide to looting India by Nirav Modi--1. Hug PM Modi 2. Be seen with him in DAVOS. Use that clout to: A. Steal 12,000 crore B. Slip out of the country like Mallya, while the government looks the other way," Gandhi tweeted yesterday, using hashtag "#From1MODI2another". The Congress had targeted the government over the Rs 11,400-crore PNB scam allegedly involving jewellery designer Nirav Modi and ..