Tag: Bank
Who Facilitated Mehul Choksi's Escape, Congress Asks PM
The Congress on Monday questioned Prime Minister Narendra Modi on as to who facilitated the escape aboard of Punjab National Bank fraud accused Mehul Choksi, who was purportedly declared a proclaimed offender by a Chandigarh court.....
SC To Hear On Bank Top Brass' Role In PNB Scam
The Supreme Court will hear on Friday a plea for probe into the role of the top management of Punjab National Bank in the Rs 11,300 crore scam allegedly involving jeweller Nirav Modi and others.....
State Duty-bound To Bring PNB Scamsters To Justice: Jaitley
In the wake of the Rs 11,300 crore ($1.8 billion) Punjab National Bank (PNB) scam allegedly involving diamond merchant Nirav Modi, Union Finance Minister Arun Jaitley on Tuesday said the state was duty-bound to ensure those cheating the system are brought to justice.....
CBI Arrests PNB GM, Seals Nirav Modi's Alibaug Farmhouse
The CBI on Wednesday said it has arrested a General Manager-rank officer of the Punjab National Bank (PNB) in connection with the Rs 11,300 crore fraud and sealed diamond merchant Nirav Modi's Alibaug farmhouse in Maharashtra.....
CBI Arrests Rotomac Firm Owner Vikram Kothari, Son
The CBI on Thursday arrested Rotomac pen company owner Vikram Kothari and his son Rahul on charges of cheating a consortium of banks of Rs 3,695 crore (including interest) by siphoning off loans sanctioned to his company for procurement of wheat and other goods for export.....
PNB Fraud: Assets Of Rs 43 Cr Of Nirav Seized
The ED on Friday said it had frozen diamantaire Nirav Modi's bank account and shares worth Rs 43 crore even as the CBI raided his Mumbai-based Kamala Mills firm and seized documents regarding the Rs 11,300 crore Punjab National Bank fraud probe.....
Bank Scams: Three Fresh Cases Of Financial Fraud Reported
Three fresh cases of financial fraud have come to light after the CBI filed cases against a jeweller, a businessman and a public servant on complaints by three different banks earlier this week, an official said on Saturday.....
CBI Arrests Auditor Of PNB In Bank Fraud Case
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.....
ICICI's Kochhar, Axis' Sharma Summoned In PNB Fraud Case
ICICI Bank chief Chanda Kochhar and Axis Bank's Shikha Sharma have been summoned by an anti-fraud agency in the bank fraud case involving jeweller Nirav Modi and his partner and uncle Mehul Choksi.....
Another Bank Fraud Of Rs 824 Crore Involving Chennai Jeweller
In yet another fraud played on banks, a Chennai-based jeweller Kanishk Gold Pvt Ltd (KGPL) has been accused of defrauding a consortium of 14 banks led by the State Bank of India (SBI) to the tune of Rs 824.15 crore in the form of loans that have now been declared as non-performing asset (NPA).....
