PNB Fraud Case

PNB Fraud Case News

Mumbai court lets ED sell movable properties from Worli house of Nirav Modi, but not paintings

Last month, the ED had sought to sell valuables seized from the Worli residence, Samudra Mahal, claiming that they are perishable, prone to decay and were bound to lose their value over a period of time.

Four bank accounts of Nirav Modi, family frozen in Switzerland

The freeze has been executed on the basis of a request from the Enforcement Directorate, which is probing a case of money laundering against him in connection with the Rs 13,500 crore PNB scam.

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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.

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.

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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.

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. 

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