New Delhi: State-run Punjab National Bank (PNB) on Tuesday posted a loss of Rs 4,750 crore in the fourth quarter of the last fiscal ended March, against the net profit of Rs 13,417 crore in the same period a year ago, the bank said. PNB slipped back into losses during the quarter in consideration after […]
New Delhi: The Enforcement Directorate (ED) on Saturday rejected a plea by fugitive diamantaire Mehul Choksi that he should be questioned in Antigua because of his health condition and said it can arrange air ambulance with medical experts to bring him back to India for interrogation in connection with the PNB fraud case. Choksi, who […]
Antigua/New Delhi: Bank fraud fugitive Mehul Choksi may be extradited to India after Antigua’s Prime Minister Gaston Browne said the citizenship of the billionaire diamond trader will be revoked by the Caribbean country after he exhausts all his legal options, according to a media report. Choksi, 60 and his nephew Nirav Modi, who is currently […]
New Delhi: The Enforcement Directorate (ED) attached immovable properties, valuables, vehicles and bank accounts with a total value of Rs 24.77 crore of fugitive diamond trader Mehul Choksi. The action was taken under the Prevention of Money Laundering Act, 2002 in connection with the Punjab National Bank fraud case. The ED has attached three commercial […]
New Delhi: The Enforcement Directorate (ED) attached immovable properties, valuables, vehicles and bank accounts with a total value of Rs 24.77 crore of fugitive diamond trader Mehul Choksi. The action was taken under the Prevention of Money Laundering Act, 2002 in connection with the Punjab National Bank fraud case. The ED has attached three commercial […]
New Delhi: In an unprecedented plea, former finance minister P Chidambaram Thursday offered in the Supreme Court to remain in CBI’s custody till September 2 in the INX Media corruption case. Chidambaram, who was arrested on August 21, is in the CBI custody till Friday and will be produced before the concerned trial court tomorrow […]
Mumbai: For the first time, the public sector Oriental Bank of Commerce (OBC) has come clean on its loan exposure to the absconding diamantaires Nirav Modi and his uncle Mehul C. Choksi, here on Friday. The development comes ahead of the OBC’s upcoming merger with the Punjab National Bank (PNB) which – in February 2018 […]
Mumbai: The public sector Punjab & Sind Bank (PSB) has revealed around Rs 441 million loan exposure to the absconding diamantaire Mehul Chinubhai Choksi, here on Saturday. This is the first time the 111-year-old bank has come clean on the default perpetrated by Choksi, who has now settled as a citizen of Antigua & Barbados, […]
New Delhi: The Reserve Bank of India (RBI) has for the first time released a list of top 30 wilful defaulters in response to an RTI application. The list contains the names of usual suspects with absconder Mehul Choksi’s Geetanjali Gems topping the list, followed by REI Agro, Winsome Diamonds, Ruchi Soya, Rotomac Global, Kingfisher […]
Mumbai: Indian banks have technically written off a staggering amount of Rs 68,607 crore due from 50 top wilful defaulters, including absconding diamantaire Mehul Choksi, as per a reply under RTI from the Reserve Bank of India (RBI). Prominent RTI activist Saket Gokhale had filed an RTI query with the RBI seeking details of the […]
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