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.
UK court remands fugitive diamantaire Nirav Modi till June 27
The judge also asked the Indian government to provide within 14 days the information on which prison he will be held in India.
Advertising
After PNB fraud case, Nirav Modi ‘moved’ Rs 89 crore from Singapore to Zurich
India has sought Modi’s extradition for alleged “high value and sophisticated” fraud and money laundering.
Nirav Modi extradition: CBI team likely to leave for London today
A Joint Director-level officer has been deputed to leave for London Wednesday with necessary documents, they said. The 48-year old diamantaire is accused of swindling over 2 billion USD from state-run Punjab National Bank in collusion with his uncle Mehul Choksi.
Former MD among 11 top PNB officials summoned by court
Metropolitan Magistrate Dharmender Singh issued the summons against the accused persons, seeking their appearance on May 24 for alleged violations of Section 46 of the Banking Regulation Act.
Explained: What does Nirav Modi's arrest mean?
The arrest of Nirav Modi by UK authorities officially heralds the beginning of extradition proceedings against the jeweller in London. He is likely to be released on bail after he is produced before the court.
Advertising
Nirav Modi faces arrest in UK after ED request
Nirav Modi arrest soon? According to ED sources, Nirav Modi will be arrested and released on bail on the condition that he cannot leave the country after which extradition proceedings would begin.
ED files fresh chargesheet against Nirav Modi in PNB fraud case
ED officials said that this was a supplementary charge sheet against the diamantaire and few others and the agency has recorded additional evidence gathered in the case and attachments made.
SEBI seeks powers to grant immunity, impose lesser penalty in lieu of assistance in probe
Responding to Sebi's proposal, the Finance Ministry has opined any such powers should remain with the central government and a provision for that can be made by suitable amendments to the Sebi Act and the Securities Contracts Regulation Act (SCRA).
Report in UK Daily: Nirav Modi spotted in London
The Telegraph said it had tracked down Modi to an £8 million, three-bedroom apartment “occupying half of a floor of the landmark Centre Point tower block” in London’s West End, with views across the city.
Advertising
