Tag: Nirav Modi

Various agencies like the ED have attached Modi's properties worth a little over Rs 2,650 crore as he fights extradition proceedings in London, and certain assets like bungalows, plots, factories, luxury cars, expensive artworks, etc., have been periodically auctioned by various probe agencies to recover part of the stupendous dues to the banks.

Shankar was DGM Finance in Nirav Modi's company. Red corner notice had been issued against him.

Solicitor General Tushar Mehta on Wednesday informed the Supreme Court that Rs 18,000 crore have been returned to the banks in the case of Vijay Mallya, Nirav Modi, and Mehul Choksi.

Mumbai: The Debt Recovery Tribunal (DRT) on Monday served notice to absconder diamantaire Nirav Modi, his family members and his companies to recover over Rs 7,000 crore owed to the Punjab National Bank (PNB). The notice by the DRT-1 Registrar, A. Murali, came six months after the beleaguered PNB had moved the tribunal in July […]

Mumbai: A Gujarat court on Thursday declared fugitive diamantaire Nirav Modi as a “proclaimed absconder” in a customs duty evasion case filed in March and ordered him to appear in person on November 15. In a public notification issued earlier in the day in newspapers, and also sent to government and police departments, Nirav Modi was […]

New Delhi: The Enforcement Directorate (ED) today said that it has attached foreign properties of fugitive diamond jeweller Nirav Modi worth Rs 637 crore, including two apartments in New Yorks Central Park, even as the agency continued its investigation into the Punjab National Bank (PNB) fraud case. A senior ED official said the agency had […]

Beijing: The Union Bank of India has sued fugitive billionaire jeweller Nirav Modi in a Hong Kong court, a media report said. A report in the Hong Kong-based South China Morning Post said the Union Bank claimed in a writ filed at the High Court on Wednesday that the Mumbai-born businessman, wanted for a massive […]

New Delhi: As Congress President Rahul Gandhi demanded Finance Minister Arun Jaitley’s resignation over “free passage” given to the fugitive businessman Vijay Mallya, activist Shehzad Poonawalla on Thursday claimed “Gandhi met PNB fraud accused Nirav Modi at a hotel here in September 2013.” Poonawalla also challenged Gandhi to deny that he met Nirav Modi in […]

New Delhi: The Enforcement Directorate (ED) on Monday said that it has attached more properties of the absconding diamantaire Nirav Modi worth Rs 171 crore as part of its probe in the multi-crore Punjab National Bank (PNB) fraud. “During further investigation, more properties and bank accounts beneficially owned by Nirav Modi were unearthed. “And based […]

New Delhi: The Enforcement Directorate (ED) has issued summons to absconding diamantaire Nirav Modi’s father Deepak Modi, sister Purvi Mehta and her husband Mayank Mehta as part of its probe in the multi-crore Punjab National Bank (PNB) fraud, an official said here on Friday. The fraud was committed during 2011-17 by illegally issuing Letters of […]

New Delhi: The ED on Thursday seized over 34,000 pieces of jewellery valued at Rs 85 crore in connection with its ongoing probe against absconding businessman Mehul Choksi who is accused along with his diamantaire nephew Nirav Modi of defrauding the Punjab National Bank (PNB) of over Rs 1,300 crore, an official said. The seized […]

Beijing: China on Monday hinted it won’t push for fugitive Indian jeweller Nirav Modi’s arrest, who is suspected to be in Hong Kong, saying the Chinese autonomous region has its own set of judicial rules and India can deal with the authorities directly. India has reportedly asked Hong Kong to arrest the main accused in […]

Mumbai: A special CBI court here on Sunday issued non-bailable warrants (NBWs) against diamantaire Nirav Modi and his uncle Mehul Choksi in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud. The court’s move comes following Central Bureau of Investigation (CBI) request as both the diamond traders, who left the country in January, refused […]

New Delhi: The CBI on Friday questioned the Reserve Bank of India’s (RBI) former Deputy Governor Harun Rashid Khan in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi, an official said. Informed sources said Khan was also questioned in connection with alleged benefits to […]

New Delhi/Mumbai: The Central Bureau of Investigation (CBI) on Monday said it questioned a General Manager of the Treasury Division of Punjab National Bank (PNB) in connection with its ongoing probe into Rs 12,600-crore bank fraud case involving diamond jeweller Nirav Modi and his uncle Mehul Choksi of Gitanjali Group. “The agency officials today (Monday) […]