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Topic result for nirav-modi

Nirav-Modi-770x433
Mumbai court issues non-bailable warrants against Nirav, Choksi

Mumbai: A PMLA court here on Saturday issued non-bailable warrants (NBWs) against absconder diamantaires Nirav Modi and his uncle and business partner Mehul Choksi in the Rs 12,600-crore (almost $2 billion) Punjab National Bank fraud. The NBWs, issued by the Prevention of Money Laundering Act court Judge M.S. Azmi, will facilitate the extradition of Modi […]

gitanjali-gems
PNB attributes recent additional Rs 1,300 cr fraud to Gitanjali

Mumbai: The recently announced escalation in the Punjab National Bank (PNB) fraud amount by Rs 1,300 crore is attributable to Nirav Modi’s uncle Mehul Choksi-owned Gitanjali Gems, the bank said in a clarification on Thursday. In a note to the stock exchanges, PNB said the latest fraud was committed on March 2, 2017. With this, […]

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PNB fraud: Blue Corner notice issued against Nirav Modi, Choksi

New Delhi: A Blue Corner notice was issued on Wednesday against diamond jeweller Nirav Modi and his uncle Mehul Choksi of Gitanjali Group in connection with the Rs 12,600-crore Punjab National Bank (PNB) fraud case, an official said. An Income Tax department official said the Blue Corner notice — to locate, identify or obtain information […]

Chopra arrives at the 88th Academy Awards in Hollywood
Priyanka Chopra terminates contract with Nirav Modi

New Delhi: Actress Priyanka Chopra has decided to cut ties with billionaire diamond trader Nirav Modi’s brand following the news about the alleged banking fraud carried out by him. “In the light of recent allegations, Priyanka Chopra has chosen to terminate her contract with the Nirav Modi brand,” a spokesperson of Priyanka, who was the […]

Nirav-Modi
Nirav Modi's letter smacks of arrogance, what will government do, asks Congress

New Delhi: The Congress on Tuesday said the purported letter written by jeweller Nirav Modi, who is allegedly involved in Rs 11,300 crore PNB scam, smacks of arrogance and asked Prime Minister Narendra Modi and Finance Minister Arun Jaitley that if the letter is authentic, what action would be taken against him. It also asked […]

PNB Gitanjali Gems
Gitanjali Gems plunge 10%, PNB stocks trade 8% lower

Mumbai: Shares of Gitanjali Gems extended losses for the fourth consecutive session on Monday — plunging almost 10 per cent to its lower circuit level at Rs 33.80 per scrip. The shares continued the plunge a day after the Enforcement Directorate (ED) conducted search operations in six franchise-based outlets located in four malls in Kolkata […]

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PNB fraud: Assocham calls for privatising public sector banks

New Delhi: In light of the massive Rs 11,300 crore ($1.8 billion) scam allegedly involving jeweller Nirav Modi that has hit state-run Punjab National Bank (PNB), industry chamber Assocham said on Sunday that the government should surrender its majority control of banks, which should be allowed to function like private sector lenders. In a regulatory […]

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 […]

  • Wednesday, 07 Jul 2021
  • BJP
Nirav-Modi-770x433
Can't return for safety concerns, case politicised: Nirav Modi

Mumbai: Fugitive diamond merchant Nirav Modi, a prime accused in the PNB fraud case, told a court here Saturday that he cannot return to India due to safety concerns and also because his case has been politicised. Modi’s lawyer filed his reply to the Enforcement Directorate’s (ED) plea seeking to declare the diamond merchant a […]

Gitanjali-Infratech-Ltd-copy
Odisha govt scraps gems and jewellery park by Gitanjali group

Bhubaneswar: The Odisha government has scrapped the Rs 636-crore gems, jewellery, lifestyle and luxury goods park which was to be set up by Gitanjali Infratech Ltd, an official said on Friday. The development comes in the wake of the multi-crore PNB scam and there is no one from the company, owned by Mehul Choksi-run Gitanjali […]

Nirav-Modi
PNB fraud: ED attaches Nirav Modi group's property worth Rs 523cr

Mumbai/New Delhi: The Enforcement Directorate (ED) on Saturday attached 21 properties, including a penthouse and a farmhouse, of Nirav Modi and his group worth over Rs 523 crore in fresh action against the beleaguered jeweller in the alleged Rs 11,400 crore fraud in the PNB. The central probe agency said it has issued a provisional […]

  • Tuesday, 29 Jun 2021
  • ED
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PNB fraud: ED seizes Rs 94cr assets, luxury cars of Nirav Modi, Choksi

Mumbai/New Delhi: The ED today said it has frozen mutual funds and shares worth Rs 94.52 crore of the Nirav Modi and Mehul Choksi groups in connection with a money laundering probe against them in the Rs 11,400-crore alleged fraud at the Punjab National Bank (PNB). It also seized nine high-end luxury cars of Modi […]

Nirav Modi To Be Extradited To India In PNB Scam Case
Nirav Modi Loses First Stage Of Extradition Appeal In UK Court

The latest rejection leaves Nirav Modi with one chance to make his case at a brief oral hearing in the high court with a renewed "leave to appeal" application for a judge to determine if it can proceed to a full appeal hearing.

money
Op-Ed: PSU Banks’ Mantra: Punish The Needy, Reward The Greedy

The next time you go to a bank and find a pen worth the princely sum of Rs. 2 dangling from a string at the counter, you are bound to remember the Rs. 11, 500 crores that the nephew-uncle duo of Nirav Modi and Mehul Choksi managed to polish off neatly from the Punjab National […]

Mehul Chokshi
Fugitive Businessman Mehul Choksi Goes Missing: Antiguan Police

Fugitive diamantaire Mehul Choksi, wanted in a Rs 13,500 crore loan fraud in Punjab National Bank, has gone missing in Antigua and Barbuda where he has been staying since January 2018, the Royal Police Force of the Caribbean island nation said in a statement.

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Nirav Modi tracked down in London

New Delhi: Fugitive diamantaire Nirav Modi, who is wanted by Indian agencies in the Rs 13,500 crore Punjab National Bank fraud case, has been spotted in London, a media report said. A video released by the UK’s The Telegraph newspaper showed Nirav Modi walking the London streets. He wore a changed look — with handle […]

Nirav-Modi
Nirav Modi has new diamond business in London: Report

New Delhi: Nirav Modi, the Indian diamantaire wanted in a multi-crore bank fraud, is living in a swanky Rs 75-crore flat in a posh London locality and has a flourishing new diamond business, a UK daily reported on Saturday. Accused in the Rs 13,500 crore Punjab National Bank (PNB) fraud case, Nirav Modi is living […]

Nirav-Modi
UK court issues arrest warrant against Nirav Modi

London/New Delhi: A court in London has issued an arrest warrant against fugitive Indian diamantaire Nirav Modi, accused in the Rs 12,700 crore bank, confirmed the Enforcement Directorate (ED) on Monday. According to the ED, the Westminster Court issued the arrest warrant against Nirav Modi on March 13. The Indian government had moved an extradition […]

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Nirav Modi arrested, to appear in UK court

London: Fugitive diamantaire Nirav Modi, the main accused in the USD 2 billion PNB scam case, was arrested on Wednesday by Scotland Yard in London. The arrest came days after a London court issued an arrest warrant against him in response to a request by the Enforcement Directorate for his extradition in a money laundering […]

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Engaged with UK to extradite Nirav Modi soonest: MEA

New Delhi: India on Wednesday declared the arrest of bank fraud accused Nirav Modi in London and said it continues to actively follow up the matter with British authorities concerned to extradite him at the earliest. “With a view to have Nirav Modi extradited to India at the earliest, the Government of India continues to actively […]

  • Monday, 03 May 2021
  • MEA