Tag: Nirav Fraud

PNB-fraud
Government assures action against Nirav Modi, blames UPA

New Delhi: The NDA government on Thursday sought to distance itself from the financial fraud done by jeweller Nirav Modi, blaming the previous Congress-led UPA regime for influencing loans that became non-performing assets (NPAs) while asserting that the guilty will not be spared. Addressing a press conference, Law and Justice Minister Ravi Shankar Prasad said […]

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Foreign branches of other Indian banks may be involved in Nirav fraud: PNB

Mumbai: The Punjab National Bank (PNB) has charged that foreign branches of other Indian banks may also be involved in what has turned out to be the biggest fraud in the country’s banking sector involving diamond trader Nirav Modi. “There is clear criminal connivance of the group companies of Nirav Modi and Gitanjali Gems with […]

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