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Wednesday, March 03, 2021

PNB Fraud Case


PNB-led consortium likely to move court seeking release of assets worth Rs 1,000 cr attached by ED

July 20, 2020 1:16 am

The consortium is set to move the court under Section 8 (8) of the Prevention of Money Laundering Act (PMLA) to stake its claim on the mortgaged assets attached by the ED, said sources.

PNB fraud case: ED retrieves valuables worth over Rs 1,350 crore from UAE, Hong Kong

June 11, 2020 6:01 am

The valuables were retrieved as part of 108 consignments belonging to entities floated by the uncle-nephew duo in UAE and Hong Kong.

PNB fraud case: Nirav Modi's extradition trial to begin today in UK

May 11, 2020 10:32 am

The five-day hearing starting on Monday relates to the Indian government's extradition request certified by the UK government last year.

SEBI imposes Rs 5-crore fine on Mehul Choksi, others in PNB case

February 28, 2020 1:00 am

The regulator said it is imposing a fine totalling Rs 5 crore on Choksi, Gitanjali Gems and Dhanesh Sheth, executive director at Gitanjali.

Bombay HC judge recalls own order that gave Nirav Modi relief from being declared fugitive economic offender

February 20, 2020 7:32 am

Justice AM Badar, on January 6, in an ex-parte order, directed a trial court to not pass a final order against Modi on the fugitive economic offender (FEO) issue.

PNB fraud case: Nirav Modi to appear for remand hearing in UK

January 30, 2020 2:28 pm

The 48-year-old, who has been lodged at Wandsworth Prison in south-west London, will appear via videolink from prison. His extradition trial is scheduled for five days starting May 11, with the case management hearings in the case set to begin soon.

Audit flags big differences in expenditure, inventory of Nirav firms with those of ‘peers’

September 13, 2020 9:52 am

While Nirav Modi and his Group are recognised as diamond traders, a large volume (61.44%) of their imported goods — for which the Letters of Undertaking were issued — comprised pearls

PNB scam: Court declares Nirav Modi fugitive economic offender

December 06, 2019 2:43 am

When Modi left India on January 1 last year, he was aware about payments that were due on January 25, 2018, to the Punjab National Bank on the Letters of Undertaking issued to his firms, and therefore he left the country in “suspicious circumstances”, the court said.

Nirav Modi appears in UK court for hearing on new bail application

November 06, 2019 4:19 pm

Modi has reportedly claimed anxiety and depression in his latest application, with earlier bail applications at the court being rejected, and then also on appeal at the High Court in London, as he was deemed a flight risk.

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

September 20, 2019 10:14 am

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.