PNB fraud

PNB fraud News

PNB fraud: Fugitive diamantaire Nirav Modi's art collection goes under the hammer

The IT department had recovered the artworks after sealing Nirav Modi's properties and selected Saffronart to conduct an auction on their behalf, after a screening process that lasted a few weeks.

PNB fraud: Mumbai court issues non-bailable warrant against Nirav Modi's wife

The financial crime probe agency has alleged that Ami Modi used an international bank account to move USD 30 million, suspected to be proceeds of the scam.


After Nirav Modi, kin fled India, US firm gave them Rs 50 crore via credit cards: probe

Saumil Diam LLC, a company that has links to both Nirav Modi and his maternal uncle Mehul Choksi, accused of fraudulent transactions at PNB, allegedly allowed Nirav Modi and his kin the use of its corporate credit cards, sources told The Indian Express.

'Both believe they are above law': Rahul Gandhi's latest salvo at PM Modi, Nirav Modi

Drawing a comparison between the two individuals, the Congress chief tweeted, “Both have looted India and are called Modi. Both refuse to answer any questions. Both believe they are above the law. Both will face justice.”

Mehul Choksi firm most likely sold lab-grown diamonds, not natural stones, finds US probe

This was done through a laboratory “secretly” controlled by Mehul Choksi through a British Virgin Islands (BVI) firm, according to a forensic report by John J Carney, the Examiner appointed by the US bankruptcy court.

Explained: What is the significance of Choksi surrendering his passport?

Choksi had left India just before CBI registered an FIR against him and his nephew Nirav Modi in February 2018. After sustained efforts by the CBI and Enforcement Directorate (ED), Interpol last month published a Red Notice against him.


Nirav Modi: Can't return for safety concerns, case being politicised

Filing a reply to the ED's petition, Nirav Modi's lawyer said the diamantaire feared for his safety given the threats made against him "as illustrated by the burning of his effigies".

Nirav Modi located in UK, British authorities inform India: Govt

"In August 2018, the government sent two requests, one from the CBI and the other from the Enforcement Directorate, to the authorities of the UK seeking the extradition of Nirav Modi to India," Minister of State for External Affairs V K Singh told Rajya Sabha said.

Nirav Modi's illegal bungalow in Alibaug razed, Govt informs Bombay HC

Government counsel advocate P B Kakade told a bench of Chief Justice Naresh Patil and Justice M S Karnik that it had served demolition notices to another 58 private properties in the area constructed in violation of the state's rules and coastal zone norms.

Now, state bank CEOs can request look-out circulars against wilful defaulters

A Home ministry notification said CEOs of PSBs have been added to the list of officials who can now make a request for issuance of LOCs to the ministry.