PNB Fraud Case

PNB Fraud Case News

Choksi surrenders Indian passport to high commission

Mehul Choksi, who obtained Antiguan citizenship after he fled India last year, claimed that he had proposed to settle the loan amount due to PNB.

Raising the bar

Government is right to enforce high governance standards in PSU banks. Private banks too must follow suit.

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Interpol issues Red Corner Notice against Mehul Choksi in PNB case

The Interpol has already issued an RCN against Nirav Modi and a few of his associates.

PNB fraud: Interpol notice on way, Mehul Choksi seeks to make video statement

Lawyers file fresh applications, tell court he is ill, will return to India in three months if his health improves

PNB fraud: ED attaches Nirav Modi’s 11 properties worth Rs 56 crore in Dubai

Nirav Modi has been absconding since the alleged bank fraud came to light early this year and an Interpol arrest warrant was recently notified against him.

Nirav Modi files reply to ED’s fugitive offender plea

The first application contends that since the plea by the ED was under the Fugitive Economic Offenders Ordinance, which has ceased to operate and has now been enacted as an Act, the plea cannot be maintained.

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Congress says Arun Jaitley daughter’s law firm engaged by Mehul Choksi, BJP says money returned

Alleging that it was a “clear” case of “connivance and conflict of interest”, the Congress also demanded a “full investigation”.

PNB fraud case: Nirav Modi's assets worth Rs 637 crore seized, properties attached

The ED also said five bank accounts abroad with cumulative balance of Rs 278 crore has been attached. These accounts belong to Nirav Modi, Purvi Modi and companies controlled by them, the ED claimed.

PNB fraud: Nirav Modi's assets worth Rs 637 crore seized in five countries

There are only a few cases where Indian agencies have attached assets abroad in a criminal case.

CBI books VMC Systems in bank fraud case

The development comes barely nine months after the public sector bank was hit with a Rs 13,500-crore fraud at the hands of jewellers Nirav Modi and Mehul Choksi.

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