Khushboo Narayan


Customs tribunal sends cases to adjudicating body, leads to backlog
Sat, Apr 21, 2018

A customs official said the government should ensure that the SC hearing in the Mangali Impex case is expedited so that all other similar cases can be decided in a time-bound manner.

Delay in calibrating ATMs for Rs 200 note, say banks, cash situation easing now
Thu, Apr 19, 2018

Officials said that re-calibration of ATMs to fit Rs 200 notes has been slow due to inadequate supply of these newly introduced notes.

No cash in ATMs: Why is there a shortage? What happens next?
Wed, Apr 18, 2018

The Indian Express unpacks the issues around the crunch, and why it may not be that unusual.

Government seeks Registrar of Companies’ report on firms of Deepak Kochhar, Venugopal Dhoot
Mon, Apr 16, 2018

Sources said the RoC is expected to file its report in six weeks, and will decide if the case should be referred to the multi-disciplinary Serious Fraud Investigation Office (SFIO) for further investigation.

RBI survey: As actual consumer price inflation goes down, Mumbai perceives acceleration
Sat, Apr 14, 2018

According to the survey, the average Mumbai resident thought the inflation rate in March was 8 per cent compared to 7.6 per cent in the December round.

Banks board bureau new member was with Rajiv Kochhar firm till days ago
Fri, Apr 13, 2018

Avista Advisory, founded by Rajiv Kochhar, is currently under the CBI scanner in connection with ICICI Bank’s Rs 3,250 crore loan to the Videocon Group in 2012.

Maharashtra biggest beneficiary of CSR projects in 2016-17
Sat, Apr 07, 2018

The new Companies Act mandate that firms with a net worth of Rs 500 crore or revenue of Rs 1,000 crore or net profit of Rs 5 crore should spend 2 per cent of their average profit in the last three years on social development-related activities.

RBI explores feasibility of launching ‘fiat’ digital currency
Fri, Apr 06, 2018

The RBI crackdown came a day after Amit Bhardwaj, the bitcoin entrepreneur who allegedly cheated over 8,000 people to the tune of Rs 2,000 crore was arrested from the Delhi Airport on Wednesday.

PNB fraud case: Salary Rs 12,000 per month, ‘cleared’ Rs 2,500-crore loan to Mehul Choksi’s Gitanjali Gems
Thu, Apr 05, 2018

Sources said that these directors of the three operational creditors, Asian Impex, Premier Intertrade and Iris Mercantile, “are people of meagre means” who used to discount cheques issued by Gitanjali Gems.

DRI booked Videocon Group in two cases, yet to prosecute
Wed, Apr 04, 2018

While the two cases are pending at different stages of litigation, the DRI is yet to launch prosecution against the firm or its employees allegedly involved in the cases, said sources.

Maharashtra only behind Tamil Nadu in receiving loans
Sat, Mar 31, 2018

As on March 16, in the past three financial years, a total of Rs 48,811 crore of loans were disbursed in Maharashtra.

Nirav Modi fraud case: Now, auditor hired by PNB faces GST evasion charge
Fri, Mar 30, 2018

BDO India and its partner MSKA & Associates are facing charges of alleged non-payment of Goods and Services Tax (GST) to the government since July 2017 despite collecting it from clients, officials told The Indian Express.

Proxy advisory firms, lawyers: ICICI board needs to look into ethics, conflict of interest
Fri, Mar 30, 2018

MK Sharma, the bank’s chairman, admitted that Chanda Kochhar, was part of the credit committee which sanctioned the loan but did not recuse herself from the committee.

PNB fraud: Letter Rogatory sent to UK to stop fund transfer from Nirav Modi account
Thu, Mar 29, 2018

Sources in the tax department said it is planning to obtain similar LRs against 40 other foreign accounts of Nirav Modi in the US, UK, UAE, Hong Kong and Morocco, that are currently under probe.

PNB fraud case: International business head of Gitanjali under the lens
Mon, Mar 26, 2018

Sunil Varma, head of International Business at Gitanjali Gems Ltd, allegedly played a ‘crucial role’ in executing the fraudulent LoUs

ED-CBI raid Nirav Modi’s Mumbai house, seize jewellery, watches and MF Hussain’s paintings
Sat, Mar 24, 2018

This comes days after Mehul Choksi refused to join the CBI probe into the PNB scam and claimed that “untenable” allegations had resulted in “sudden closure” of his business

PNB fraud case: CEO of top private bank, spouse under scanner for lending to Mehul Choksi firm
Fri, Mar 23, 2018

As the probe into the alleged Rs 13,400-crore fraudulent LoUs at Punjab National Bank widens, the family of a chief executive officer (CEO) of a top private bank along with the CEO has come under the scanner of the government’s investigative agencies.

DRI registers case against Nirav Modi for diversion of diamonds worth Rs 890 crore
Wed, Mar 21, 2018

Modi and his firms have now come under the scanner of multiple investigating agencies such as the ED, CBI, income tax and the government's serious fraud investigation office in connection with the alleged Rs 13000 crore PNB Fraud.

Parekh Aluminex debt stands at Rs 2,545 crore at November 2015
Tue, Mar 20, 2018

At least six banks — SBI, Dena Bank, State Bank of Travancore, Corporation Bank, IDBI Bank and Indian Overseas bank — have filed a complaint with the CBI between 2015 and 2017 alleging fraud by Parekh Aluminex and its directors.

Nirav Modi-PNB fraud case: Among his 21 properties seized so far, a penthouse, solar plant, farmhouse
Wed, Mar 14, 2018

The list of seized properties includes a 6,000 sq ft farmhouse and land at Alibaug in Maharashtra, currently valued at Rs 42.70 crore. According to records, Nirav Modi Trust is the owner of the land since October 2003.