Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 88 for query «nirav modi»

2 July, 2018 4:35 AM Interpol Red Corner Notice Against Nirav Modi, To Enable Arrest

Nirav Modi and his uncle Mehul Choksi are among the main accused in the Rs. 13,000-crore Punjab National Bank scam. The Interpol has issued a red corner notice against celebrity jeweller Nirav Modi who is wanted for a Rs. 13,000-crore bank fraud in India. India had written to several European countries seeking help in tracing the billionaire jeweller 54

24 June, 2018 12:51 PM NPA Crisis: 11 PSU Bank Chiefs To Appear Before Parliamentary Panel

The accumulated NPAs in the Indian banking system have touched Rs 9 lakh crore. Senior officials of 11 public sector banks (PSBs) will appear before the Parliamentary Standing Committee on Finance on Tuesday on the issue of the banks' massive non-performing assets (NPAs), or bad loans, and increasing number of fraud cases, according to official sources 54

22 June, 2018 3:45 PM Surat court issues arrest warrant against Nirav Modi

A court here today issued an arrest warrant against absconding diamantaire Nirav Modi in a case of alleged customs duty evasion registered by the Directorate of Revenue Intelligence (DRI). Chief Judicial Magistrate B H Kapadia issued the warrant as Modi failed to present himself during the court hearings, public prosecutor Nayan Sukhadwala said. In March 64

18 June, 2018 7:19 PM CBI’s e-mail account hit by ‘spam’

An official e-mail account of the CBI’s banking security and fraud cell, which is investigating important cases such as those against fugitive Nirav Modi and Mehul Choksi, was recently compromised. The agency said there was no breach of information, and a spam activity had been detected on May 17. In the Nirav Modi case, the agency is of the view that some of the Interpol 80

4 June, 2018 4:42 PM ‘Nirav staffer unaware of what he signed’

Hemant Bhat, the authorised signatory of three firms belonging to diamond merchant Nirav Modi, has claimed that he was “unaware of what documents he was signing.” The explanation was put forward by Mr. Bhat’s lawyer Vijay Aggarwal at the Special Central Bureau of Investigation (CBI) court on Monday, while seeking bail for the employee. Mr. Bhat has been in judicial 28

28 May, 2018 11:43 AM 21 Public Sector Banks lost Rs 25,775 crore in bank frauds in 2017-18: RTI

The Punjab National Bank (PNB) had incurred the highest loss of Rs 6461.13 crore due to different cases of fraud during the fiscal . Indore: Twenty-one public sector banks (PSBs) have incurred losses totalling Rs 25,775 crore due to banking frauds in the financial year 2017-18, a Right to Information reply has stated. The Punjab National Bank (PNB) had incurred 45

26 May, 2018 3:28 PM Who is Usha Ananthasubramanian?

Last Tuesday, Allahabad Bank’s managing director and chief executive officer Usha Ananthasubramanian found herself divested of all executive powers by the bank’s board after the CBI named her in the ₹12,800 crore Punjab National Bank-Nirav Modi fraud case. Ms. Ananthasubramanian had served at PNB in two stints: first as executive director between July 2011 and November 121

15 May, 2018 5:31 PM Allahabad Bank CEO divested of powers

CBI had named her in Nirav Modi FIR State-run lender Allahabad Bank has decided to relieve its managing director and chief executive officer Usha Ananthasubramanian of her powers after she was named in the first information report filed by the Central Bureau of Investigation in the ₹13,800-crore Nirav Modi scam that defrauded Punjab National Bank (PNB) 58

15 May, 2018 4:49 PM Allahabad Bank CEO divested of her portfolio

State-run lender Allahabad Bank has decided to relieve its managing director and chief executive officer Usha Ananthasubramanian of her powers after she was named in the first information report filed by the Central Bureau of Investigation in the ₹13,800-crore Nirav Modi scam that defrauded Punjab National Bank (PNB). Ms. Ananthasubramanian was the managing 46

25 April, 2018 2:43 PM Odisha junks Mehul Choksi’s project

MUMBAI: The Odisha government has scrapped a first-of-its-kind ₹636-crore private gem and jewellery, lifestyle and luxury goods park project that was to be set up in the state by Mumbai-based Mehul Choksi-promoted Gitanjali group. Even as Mr. Choksi and his nephew Nirav Modi, the prime accused in the ₹13,500-crore PNB scam, are evading arrest and have fled the country 39