Page 9 - Nirav Modi Scam At Pnb

Rs 139-billion loan scam: PNB moves Hong Kong HC against Nirav Modi

Hong Kong authorities are obliged to surrender a fugitive wanted by India

MCA zeroes in on 225,000 more suspected shell companies

P P Chaudhary said the ministry had received a report from the Institute of Chartered Accountants of India (ICAI) on systemic issues that led to the PNB fraud

Govt approaches NCLAT to attach properties of people involved in PNB scam

It also allows tribunal power to appoint subsequent to an order removing the existing managing director or manager

Gitanjali Gems: ICICI Bank places application in NCLT

ICICI Bank approached the Bench and informed them of the lender's wish to see that their security interests are protected whenever the Bench pronounces an order in the matter

PNB scam: ICAI sends notices to statutory auditors of Brady House branch

This is a primary investigation and the board wants to ascertain whether the auditors were at fault

Banks' NPAs to rise by Rs 80 bn in Q4 on account of Gitanjali Gems

Till December 2017, the loans to Gitanjali Gems were standard and regular debt servicing was being done

ED finds 47 entities related to Nirav Modi doing Rs 60-bn 'round-tripping'

Out of these 47 entities, 10 are registered in Belgium, three in US, 13 in UAE, eight in Netherlands and rest in India

PNB scam a failure of process, not of our banking software: Infosys

The version of Finacle used by the bank did not have an automatic integration system that requires the bank to do things manually

Now PNB tightens norms to separate loan appraisal and monitoring teams

Recently, the bank has faced a multi-billion fraud related to the Nirav Modi and Gitanjali Diamonds group

India's request to arrest Nirav Modi awaiting response from Hong Kong: MEA

MEA said the Department of Justice in Hong Kong is examining India's request for provisional order for Modi's arrest

PNB scam: CBI questions 2 DGM-level officers of SBI's foreign branches

The $2 billion scam became public in January after the CBI registered an FIR in the matter, but by that time both the high-profile jewellers had left India with family

Rs 130-bn PNB scam: Probe under way; more heads could roll, says CEO Mehta

The bank will soon finish integrating its CBS with SWIFT so this cannot happen again, PNB CEO Sunil Mehta said

Ask Nirav Modi to come back to India: Delhi HC tells Firestar Diamond

The court listed all the matters for hearing on May 3

CBI probing Rs 52.8-bn loan to Mehul Choksi by ICICI-led consortium

It is alleged that Choksi and Modi got LoUs and Foreign Letters of Credit (FLCs) of $2 billion issued in favour of foreign branches of Indian banks based on fraudulent claims

PNB fraud: CBI questions 3 officials from Indian banks' branches abroad

The scam, which reportedly began in 2011, was detected in the third week of January this year, after which the PNB officials reported it to the concerned agencies

Can't monitor PNB fraud probe; will decide on PIL's maintainability: SC

Attorney General K K Venugopal said agencies have been carrying out probe "independently" and there was no need for judicial intervention

Nirav Modi fraud is bank's issue, will not seek govt support: PNB MD

The bank has enough resources and capability to meet the challenges posed by the fraud of this nature, said PNB MD Sunil Mehta

PNB fallout: Top Mumbai law firm hired by Nirav Modi under CBI scanner

The documents were collected during a "raid" in February by the CBI at the law firm

Hong Kong can accede to India's request to arrest Nirav Modi: China

Modi, who is wanted in connection with the Rs 136 billion scam at the Punjab National Bank, is reportedly in Hong Kong which is a specially administrative region of China

Rs 130-bn scam: CVC awaits detailed vigilance report; calls PNB auditors

CVC said the auditors have been given time to appear before the body