Tag: Punjab National Bank

New Delhi: Carrying out investigation into the USD 2 billion fraud, CBI arrested an Odia officer Bishnubrata Mishra who was working as the Internal Chief Auditor at Punjab National Bank (PNB), Mumbai. Mishra, who was responsible for concurrent audit for 2011-2015 at PNB Brady House branch, was arrested on Thursday, the CBI said. He has […]

Gaya: A Punjab National Bank (PNB) customer care personnel was abducted and later killed by unidentified criminals in Gaya district in Bihar. The bank’s Customer Service Point (CSP) in-charge Pintu Singh was abducted late on Friday from near Amas, Officer in-chrage of Amas Police station Shayam Lal Sarah said. After his kidnapping which was after […]

Kolkata: Ahead of the strike called by the United Forum of Bank Unions (UFBU) on December 26, one of the bank officers’ union has called a strike on December 21, demanding unconditional mandate for the XIth bipartite wage revision talks, officials said on Wednesday. In the wake of strikes and holidays, the banks will remain […]

New Delhi: State-run Punjab National Bank (PNB) on Friday bagged the “Rajbhasha Kirti” award for outstanding performance in implementing the Official Language Policy during 2017-18, the bank said. The award, under the category of ‘Nationalised Banks and Financial Institutions in Region A’, was presented by Vice President M. Venkaiah Naidu to PNB Chief Executive and […]

New Delhi: Fugitive diamond jeweller Mehul Choksi, who is wanted by Indian investigative agencies in the Rs 13,500 crore Punjab National Bank (PNB) fraud case, has denied “any truth in the allegations”. In a statement issued to a Caribbean newspaper ‘Antigua Observer’, Choksi through his attorney David Dorsett said: “I can say categorically, that there […]

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 […]

New Delhi: Lender Punjab National Bank (PNB) is set to hire detective agencies to supplement the efforts of its field officials in recovering its dues that have become in NPAs (non-performing assets). The lender through its website invited “applications for empanelment of Detective Agencies for the period 2018-2019”. According to the lender, the policy aims […]

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: All public sector banks (PSBs) will have to link their SWIFT systems with their respective Core Banking Solution (CBS) systems by April 30 as a measure to prevent frauds like the recent one perpetrated on Punjab National Bank (PNB), it was announced on Thursday. The state-run banks also decided to speed up the process […]

New Delhi: As the country struggles to bring back the main accused of multi-crore fraud committed in Punjab National Bank — diamond trader Nirav Modi and his uncle Mehul Choksi owner of Gitanjali Gems — the Cabinet on Thursday approved Fugitive Economic Offenders Bill 2018, which would facilitate action against such offenders. Finance Minister Arun […]

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, […]

New Delhi/Mumbai: The Central Bureau of Investigation (CBI) has arrested an internal chief auditor of Punjab National Bank (PNB) in its ongoing probe into Rs 12,600 crore bank fraud case. “CBI has on Wednesday arrested an Internal Chief Auditor of Punjab National Bank in an ongoing investigation of the cases related to Nirav Modi group […]

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 […]

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 […]