Nirav Modi: News | Page 3

01 Mar 2018

Union Cabinet

Cabinet clears Fugitive Economic Offenders Bill for confiscating fugitives' assets

The Union Cabinet has approved a stringent Fugitive Economic Offenders Bill that provides for confiscating assets without conviction in cases where economic offenders flee the country.

01 Mar 2018

Delhi

INX money-laundering: CBI seeks 14-day custody to grill Karti Chidambaram

The CBI has sought 14-day custody of Karti Chidambaram, son of former finance minister P Chidambaram, in the INX money laundering case.

01 Mar 2018

Narendra Modi

Karti Chidambaram's arrest: Congress says, PM diverting from corruption scandals

Slamming the graft allegations against P Chidambaram's son Karti, Congress claimed that PM Narendra Modi is desperately trying to divert people's attention from the corruption scandals tumbling out of BJP's closet.

01 Mar 2018

India

PNB-scam: Nirav Modi 'busy' with business, refuses to join probe

Nirav Modi, accused in the massive PNB scam, has refused to join the CBI investigation citing business engagements abroad.

27 Feb 2018

India

PNB scam: Nirav Modi's Firestar Diamond files for bankruptcy

Even as billionaire Nirav Modi battles allegations of committing India's largest bank fraud of Rs. 11,400cr, his international jewelry brand, Firestar Diamond Inc, has filed for bankruptcy in the US.

27 Feb 2018

Mumbai

Team owner withdraws from Mumbai T20 League

The inaugural edition of T20 Mumbai league is set to kick off in less than two weeks, but it has already hit a roadblock with one of the team owners withdrawing from the league on Monday.

27 Feb 2018

India

Nirav Modi case: Fraud amount could be Rs. 1,323cr more

The PNB scam, one of the biggest frauds in India's history, was initially estimated at Rs. 11,400cr, but the bank now says the amount of unauthorized transactions could be Rs. 1,300cr more than that.

25 Feb 2018

India

Nirav Modi deposited Rs.90cr in PNB before demonetization: NCP MLA

Even as billionaire Nirav Modi battles allegations of the largest banking fraud in India's history, he has been hit by more incriminating accusations.

RBI to banks: Link SWIFT, Core Banking Solution by April

The Reserve Bank of India (RBI) has set April 30 as the deadline for banks to integrate SWIFT (Society for Worldwide Interbank Financial Telecommunication) with Core Banking Solutions (CBS), as it looks to strengthen internal controls after the PNB fraud case.

25 Feb 2018

India

Nirav Modi-scam: Property worth Rs. 523cr attached, PNB CEO questioned

Continuing its investigation into the Rs. 11,400cr PNB scam, the CBI yesterday questioned two top officials of the bank, including CEO and MD Sunil Mehta.

24 Feb 2018

India

Nirav Modi fraud: Modi and Choski's passports revoked

The passports of Nirav Modi and Mehul Choski - accused of over Rs. 11,400 crore worth of fraud - have been revoked, according to sources from the Ministry of External Affairs (MEA).

24 Feb 2018

Narendra Modi

AAP's Kumar Vishwas says he is the "youngest Advani"

AAP's internal feud between chief Arvind Kejriwal and spokesperson Kumar Vishwas continues to fester.

24 Feb 2018

India

10,000 employees left helpless as Modi, Choksi deny salaries

Days after Nirav Modi wrote to employees to look for other jobs, uncle Mehul Choksi, Gitanjali chairman, has followed suit.

24 Feb 2018

India

Won't tolerate loot: PM Modi breaks silence on PNB scam

More than a week after news of India's biggest bank fraud worth Rs. 11,400cr broke, PM Narendra Modi has broken his silence on the matter, saying the government won't tolerate loot of public money.

24 Feb 2018

Delhi

CBI acts on OBC's Rs. 389cr-scam complaint six months later

The CBI, left red-faced for not acting on time in the PNB scam, has booked a jewelry firm in Delhi six months after the Oriental Bank of Commerce (OBC) lodged a complaint.

23 Feb 2018

Mumbai

PNB-scam: ED seizes imported watches, freezes shares worth Rs. 14cr

Investigating agencies are keeping up the pressure on Nirav Modi in the PNB scam, with ED continuing to seize assets and freeze shares.

23 Feb 2018

Priyanka Chopra

Finally, Priyanka breaks ties with Nirav Modi's jewelry house

Not wanting her name to be in any way associated with Nirav Modi who has been accused of a major financial fraud, Priyanka Chopra has terminated her contract with his diamond jewelry house.

23 Feb 2018

Security

10,000 PNB customers affected by data breach

According to media reports, a data breach in the Punjab National Bank (PNB) has affected around 10,000 credit or debit cardholders.

22 Feb 2018

Delhi

Nirav Modi scam: More PNB, Gitanjali, Nakshatra employees arrested

The CBI has arrested Rajesh Jindal, now the general manager at PNB's Delhi head office, in the Rs. 11,400cr Nirav Modi scam.

22 Feb 2018

Mumbai

PNB-scam: ED seizes luxury cars, freezes shares worth Rs. 94.5cr

As investigation continues in the Rs. 11,400cr PNB scam, the ED has seized nine high-end luxury cars of Nirav Modi, including a Rolls Royce Ghost, a Porsche Panamera and a Mercedes Benz.

22 Feb 2018

Priyanka Chopra

Now, Kangana and Bipasha accuse Gitanjali Gems of infringement

Days after Priyanka Chopra took a stand against Nirav Modi's jewelry brand, Kangana Ranaut and Bipasha Basu have accused Gitanjali Gems, which has been founded by Modi's relative Mehul Choksi, of default of payments and breach of contract.

21 Feb 2018

Haryana

"Why not speak on Nirav, Rafale on Mann Ki Baat?"

'Why ask for ideas when in your heart you know what every Indian wants to hear you speak about? 1. Nirav Modi's 22,000 Cr. Loot & Scoot 2. The 58,000 Cr. RAFALE scam,' replied Rahul Gandhi today on Twitter, where PM Narendra Modi had asked for ideas for Mann ki Baat.

21 Feb 2018

Mumbai

PNB-scam: CBI arrests three employees, including 'man who revealed fraud'

CBI has arrested three PNB employees including one who, according to their lawyer, was "instrumental" in revealing the Rs. 11,400 fraud.

21 Feb 2018

India

PNB-scam: I-T notice to Singhvi's wife for cash-purchases worth crores

I-T has sent a notice to Congress leader Abhishek Manu Singhvi's wife Anita, seeking explanation for jewelry purchases allegedly worth Rs. 6cr from Nirav Modi.

21 Feb 2018

Punjab National Bank

PNB scam: Nakshatra, Gili 'directors' living in chawls, one-room sets

Billionaire Nirav Modi fled the country after allegedly duping PNB of Rs. 11,400cr.

20 Feb 2018

Narendra Modi

#PNBScam: Will chase down fraudsters, says Jaitley blaming auditors, management

Finance Minister Arun Jaitley, finally breaking his silence on the Rs. 11,400cr PNB scam involving Nirav Modi and Mehul Choksi, blamed the bank's management and auditors for not detecting the fraud.

20 Feb 2018

India

PNB's going public destroyed my ability to repay debt: Modi

Nirav Modi, the man behind India's largest bank fraud, has blamed PNB's "anxiety to recover dues immediately" for his failure to repay the loans, which he claims is much less than the reported Rs. 11,400cr.

19 Feb 2018

India

Shiv Sena: Nirav Modi is BJP's "partner," funded their poll-campaign

Shiv Sena and BJP's rivalry continues to simmer even as they remain coalition partners.

19 Feb 2018

India

Rotomac chairman Vikram Kothari arrested for Rs. 800cr loan default

Amid rumors that Vikram Kothari had fled the country after defaulting on loans worth Rs. 800cr, the Rotomac chairman has been arrested, reports say.

19 Feb 2018

India

Nirav Modi scam reveals deep flaws in India's banking system

One is likely to wonder how Nirav Modi managed to dupe Punjab National Bank (PNB), India's second-largest public lender, of Rs. 11,400cr for seven years without anyone realizing.

18 Feb 2018

India

Indian banks may lose Rs. 19,000cr in PNB-fraud: I-T Dept

The Income Tax Department stated Indian banks could lose Rs. 17,632cr from loans and corporate guarantees provided to Punjab National Bank in the Rs. 11,400cr fraud.

17 Feb 2018

India

Nirav Modi case: CBI arrests PNB's ex-Deputy Manager, two others

The CBI has arrested Punjab National Bank's former Deputy Manager Gokulnath Shetty, Single Window Operator Manoj Kharat, and the authorized signatory of Nirav Modi Group of Firms Hemant Bhat in connection to the alleged Rs. 11,400cr banking fraud by Nirav Modi and Mehul Choksi.

Gitanjali shares fall for third day, investors lose Rs. 300cr

Shares of Gitanjali Gems fell for the third straight day today. It dropped another 20%, closing at Rs. 37.45 on NSE.

16 Feb 2018

India

Nirav Modi scam: Massive cover-up by banks, media and govt?

For seven years, billionaire Nirav Modi and his associates managed to dupe one single bank of a whopping Rs. 11,400cr, and it apparently never found out till now.

16 Feb 2018

India

PNB scam: CBI approaches Interpol for help with Nirav Modi

The CBI is acting to ensure the man behind India's biggest fraud case isn't able to escape prosecution.

15 Feb 2018

India

PNB fraud case: Govt. revokes Nirav Modi's passport

The government on Thursday announced that it had revoked the passport of the absconding Nirav Modi, the billionaire jeweller who recently became notorious after defrauding the Punjab National Bank of Rs. 11,400 crore.

08 Feb 2018

India

After steep rise, Nirav Modi stares at a sharp downfall

When he was young, India's premier jeweler Nirav Modi aspired to be a music conductor, but that was not to be.

15 Feb 2018

India

Priyanka Chopra sues Nirav Modi for default of payments

A day after Nirav Modi was named in a Rs. 11,000+ crore fraud, Priyanka Chopra has sent him a legal notice.

14 Feb 2018

India

Punjab National Bank reports Rs. 11,366cr fraud at Mumbai branch

India's second-biggest state-run lender Punjab National Bank (PNB) has reported a $1.7bn fraud (roughly Rs. 11,366cr) at a single Mumbai branch.

05 Feb 2018

India

Billionaire Nirav Modi charged in Rs. 280cr PNB cheating case

Billionaire diamond merchant Nirav Modi, his brother and wife have been booked by the CBI for allegedly cheating Punjab National Bank (PNB) of Rs. 280.7cr in 2017.

Prev
1 2 3
Next