PNB scam

PNB scam News

All PNB scam cases to be heard by one court: Bombay High Court

ED counsel Hiten Venegaokar told the HC that the principal judge of the sessions court had on Tuesday issued an administrative order designating courtroom no 48 as the PMLA and PC court.

Explained: What next in Nirav Modi extradition effort

The arrest by Scotland Yard officially sets the stage for the beginning of extradition proceedings, although it remains to be seen when and how fast New Delhi will be able to bring him back, if at all.

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Nirav Modi in London prison, his art under Mumbai hammer: I-T recovers Rs 54.8 crore

The Gaitonde painting turned out to be the most expensive pick, and the fourth highest ever for one by the artist. In all, according to SaffronArt, the collection fetched Rs 60.9 crore

Special court gives IT department go-ahead to sell Nirav Modi's 11 cars

The special court gave the IT department a go-ahead to sell Modi’s cars which include Porsche AG Germany Model, Mercedes Benz CLS 350, Mercedes Benz 4 Matic FL 350, Daimler Chrysler Coupe, Rolls Royce Ghost, Toyota Fortuner, two Toyota Innova, Honda CRV and Honda Brio.

Nirav Modi’s creditor firms that received PNB fraud money linked to his siblings: ED

So far, the ED has established the money trail of $927 million of the $1015 million allegedly diverted by Modi using the LoUs of PNB.

Congress, BJP engage in political slugfest after Nirav Modi tracked down to swanky London flat

The extradition request came to light after the fugitive jeweller was tracked living in a swanky 8-million pound apartment in London's West End by UK newspaper The Telegraph.

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To demolish Nirav Modi’s bungalow: Civic authorities mull controlled detonation

The bungalow, valued at Rs 42 crore by the Enforcement Directorate (ED), is made of reinforced concrete and is proving too hard and time consuming for the JCB machines to demolish, sources said.

PNB scam: Political mileage motivation for prosecution, says Nirav Modi

Modi maintained that the ED claim that he had left the country and refused to face prosecution is false, and therefore, he cannot be defined as a fugitive economic offender under the Act.

Letting them flee

Lack of communication between various agencies and financial regulators has allowed frauds to game the system

Nirav Modi scam: IT report waved red flags 8 months earlier, was not shared

Sources said the tax department, before February 2018, also did not share its findings through the Regional Economic Intelligence Council (REIC), a mechanism for sharing of information between various law enforcement agencies.

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Mehul Choksi says Enforcement Directorate’s allegations against him “false and baseless”

The fugitive jeweller has spoken about the allegations against him for the first time. Mehul Choksi claimed that he tried to revoke the suspension of his passport with the Indian authorities.

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