PNB fraud

PNB fraud News

PNB fraud: CBI plea for polygraph, narco tests on ex-staffer rejected

The CBI had last month moved applications in separate cases of alleged conspiracy to defraud PNB to the tune of Rs 13,400 crore, seeking lie-detector tests on Shetty claiming it wanted to ascertain the “undue pecuniary advantage” he obtained in violating bank rules in favour of Modi and Choksi.

Nirav Modi remanded to custody in UK prison until August 22

Nirav Modi, 48, has been lodged at Wandsworth prison in south-west London, since his arrest in March in connection with the nearly USD 2 billion PNB fraud, and money laundering case.

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DRT orders Nirav Modi, his firms and companies to repay debts of Rs 7,300 cr to PNB

Modi is currently lodged at Wandsworth prison in south-west London in United Kingdon since his arrest on March 19 this year by the Scotland Yard police in connection with the nearly USD 2 billion PNB fraud and money laundering case.

UK court denies bail to Nirav Modi for third time

Modi's defence team doubled the bail security to two million pounds and offered that he would stay on 24-hour curfew at his London flat claiming that conditions in the prison were "unliveable".

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.

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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.

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