Tag: Pnb Scam

Op-Ed: The PNB Scam: Why We Need A More Accountable Internal Vigilante System

The PNB scam of Rs 11,300 crore is now rocking the entire country. It’s the talk of the town. Once again the banks are the target and the rapacious mud-slinging between political parties are going on. In between this me-vs-you battle of political parties, the common man is still baffled the way our internal control […]

Wednesday, 28 July 2021

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 […]

Wednesday, 07 July 2021

PNB scam: Banks says fraud amount could be Rs 1,323 crore more

New Delhi: Amid the multi-agency probe into the PNB scam, the state-run bank today said the amount of fraudulent transactions could be Rs 1,300 crore more than the current estimate of about Rs 11,400 crore. The latest announcement from the public sector lender assumes significance against the backdrop of the probe going on into the […]

Tuesday, 29 June 2021

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 […]

Sunday, 02 May 2021

Nirav Modi Remanded To Custody In UK Prison Until Sept 19

London: Fugitive diamond merchant Nirav Modi, wanted in India in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, was on Thursday further remanded to judicial custody until September 19. During a short remand hearing at Westminster Magistrates’ Court via videolink from Wandsworth prison, the judge extended Modi’s […]

Monday, 26 April 2021

PNB Scam: Interpol Issues Global Arrest Warrant Against Nehal Modi

New Delhi: The Interpol has issued a Red Corner Notice (RCN) against Nehal Modi, a step brother of Nirav Modi, the prime accused in the USD 2 billion PNB scam case, officials said on Friday. They said the global arrest warrant against the Belgian national Nehal Modi, 40, has been issued on charges of alleged […]