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Tag: Pnb Fraud

cbi1
PNB Fraud: CBI Stumbles Upon More Cash In Locker Of Bhubaneswar-based Firm’s Ex-Director

Bhubaneswar: Central Bureau of Investigation (CBI) on Thursday detected further Rs 28 lakh cash from the bank locker of Kaushik Mohanty, the then director of Bhubaneswar-based firm, Global Trading Solutions Ltd. The firm is now under CBI scanner in connection with the alleged fraud of Rs 32 crore (Approx) in Punjab National Bank (PNB) branch […]

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PNB Fraud: CBI Seizes Rs 38 Lakh From Locker Of Bhubaneswar-based Firm's Ex-Director

Bhubaneswar: Continuing its investigation into the alleged Rs 32 crore-fraud in the Punjab National Bank Branch in Bhubaneswar, the Central Bureau of Investigation (CBI) on Tuesday seized Rs 38 lakh from the locker of one Kaushik Mohanty, the then director of Global Trading Solutions Ltd. A CBI team led by ACB Bhubaneswar conducted a physical […]

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CBI Registers Case Against PNB Officials Of Bhubaneswar Branch In Rs 31.92 crore Fraud

Bhubaneswar: The Central Bureau of Investigation (CBI) on Thursday registered a case against nine persons including officials of Punjab National Bank’s branch in Bhubaneswar, along with the management team of a private firm and others in connection with a fraud amounting to Rs 31.92 crore (approx). As per official sources, the case has been registered […]

Nirav-Modi
Nirav Modi Further Remanded In Custody In UK, Next Videolink Hearing On Nov 11

London: Fugitive diamond trader Nirav Modi, who is fighting extradition to India on charges over the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, on Thursday was remanded to prison until November 11 after he appeared via videolink from his London jail for a regular remand hearing. Westminster Magistrates’ Court […]

Nirav-Modi
Nirav Modi To Appear Via Videolink For UK Remand Hearing

London: Fugitive diamantaire Nirav Modi, wanted in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, will appear before a UK court via videolink from his London prison on Thursday for a routine call-over remand hearing. The 48-year-old, who is fighting extradition to India at Westminster Magistrates’ Court, […]

choksi
ED attaches Rs 24.77 cr of properties of Mehul Choksi

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 […]

UK
PNB case: ED attaches Nirav's, sister's bank accounts

New Delhi: The Enforcement Directorate on Thursday said it has attached four Swiss bank accounts of fugitive businessman Nirav Modi and his sister Purvi with a balance of Rs 283 crore in its investigation into the Rs 13,500 crore Punjab National Bank (PNB) fraud. A senior ED official told IANS: “We have attached four Swiss […]

Mehul-Choksi
Mehul Choksi could be extradited to India: Antigua PM

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 […]

Mehul
ED offers to provide air ambulance to bring Choksi back

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 […]

Mehul
Mehul Choksi cries foul, claims real scam culprits free

New Delhi: Key accused in the PNB fraud case, Mehul Choksi on Monday said that the actual culprits of the Rs 14,000 crore fraud are roaming free and being protected, while he has been implicated without any evidence. In a statement, Choksi accused Debajyoti Dutta, proprietor of Rishika Financials and Gokulnath Shetty, Deputy Manager of […]

PNB
PNB fraud: ED arrests Choksi's Hong Kong firm director

New Delhi: The Enforcement Directorate on Tuesday said that it has arrested from Kolkata a director of a shell company of fugitive diamentaire Mehul Choksi in the Rs 13,500 crore Punjab National Bank (PNB) fraud case. “We have arrested Deepak Krishna Rao Kulkarni from Kolkata Airport on the basis of a Look Out Circular (LOC) […]

PNB
PNB fraud: CBI seeks extradition of Nirav's brother Neeshal

New Delhi :The CBI has sought the extradition of fugitive diamantaire Nirav Modi’s brother and Belgian national Neeshal Modi. A request has been forwarded to the Ministry of Home Affairs (MHA) for necessary action, an official said on Monday. “The request for extradition of Neeshal Modi from Belgium was shared with the MHA on Friday. […]

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PNB fraud: ED attaches Nirav Modi's properties worth Rs 171 cr

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 […]

PNB-fraud
PNB scam: ED issues summons to Nirav Modi's father, sister

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 […]

choksi
PNB fraud: ED seizes jewellery worth Rs 85 cr in Choksi case

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 […]

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PNB fraud: MoF initiates action against Allahabad Bank CEO

New Delhi: The Finance Ministry on Monday began the process to remove Allahabad Bank CEO and MD Usha Ananthasubramanian from the post after the CBI filed a chargesheet on her alleged role in the over Rs 13,000-crore PNB scam earlier in the day. Ananthasubramanian, who was the Managing Director and Chief Executive Officer of the […]

China says won't interfere in Nirav Modi's arrest

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 […]

PNB-fraud
PNB fraud: CBI questions former RBI Deputy Governor

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 […]

CBI
Nirav Modi fraud: CBI quizzes PNB general manager

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) […]

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 […]

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 […]

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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 […]

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PNB fraud: Jewellery shops raided in Bhubaneswar, Cuttack

Bhubaneswar: As part of its nationwide crackdown, the Enforcement Directorate (ED) today conducted raids on five prominent jewellery showrooms in Cuttack and Bhubaneswar in connection with the multi-crore PNB fraud, which is considered to be the biggest ever scam in the banking sector of the country. A team of ED officials raided three jewellery shops […]

West Bengal Assembly Passes Anti-CAA resolution
Not only PNB, other banks also involved in scam: Mamata

Baharampur: Continuing her attack on the Centre over the multi-crore PNB fraud, West Bengal Chief Minister Mamata Banerjee on Monday alleged that there are “other banks” involved in such money laundering cases with their chiefs being protected by the BJP government. “We know everything. Not only the Punjab National Bank, there are other banks also and […]