Nirav Modi: News | Page 2

19 Apr 2018

India

PSBs among leading govt bodies in rejecting RTI pleas: Study

Public sector banks, which are reeling under a huge burden of growing non-performing assets and being probed by central agencies, have emerged as the leading public authorities in terms of rejecting RTI pleas, an analysis by a voluntary group shows.

17 Apr 2018

Narendra Modi

PM Modi can't face Lok Sabha for 15 minutes: RaGa

Hitting out at Prime Minister Narendra Modi, Congress President Rahul Gandhi today said the PM is traveling across the country but he does not have 15 minutes to give a speech in the Lok Sabha.

ICAI issues notices to statutory auditors in Nirav Modi scam

The Institute of Chartered Accountants of India (ICAI) has sent notices to all statutory auditors of Punjab National Bank's Brady House branch, where the over Rs. 13,000cr scam involving Nirav Modi took place, to appear before its disciplinary board.

11 Apr 2018

Delhi High Court

Nirav Modi's company directed to tell him to come back

The Delhi High Court on Wednesday directed diamantaire Nirav Modi's company, Firestar Diamond, to ask him to return to the country, dubbing him a "fugitive".

09 Apr 2018

India

Hong Kong can take decision on Nirav Modi's arrest: China

China today said that Hong Kong can accede to India's request to arrest fugitive Indian diamond merchant Nirav Modi based on local laws and mutual judicial assistance agreements.

08 Apr 2018

India

CBI court issues non-bailable warrants against Nirav Modi, Mehul Choksi

A special CBI court has issued non-bailable warrants against Nirav Modi and Mehul Choksi, both of whom left the country in January.

08 Apr 2018

Karnataka

Rahul Gandhi slams Amit Shah for equating opposition with animals

Congress President Rahul Gandhi on Saturday slammed Amit Shah for equating opposition with animals and said it was reflective of his mentality.

05 Apr 2018

Ram Nath Kovind

Honest taxpayers suffer due to willful loan defaulters: President Kovind

Amid mounting NPAs or bad loans in the banking sector, President Ram Nath Kovind today said honest taxpayers suffer due to willful and criminal default on a bank loan.

03 Apr 2018

Rahul Gandhi

Rahul Gandhi targets Piyush Goyal for 'Shirdi ka Chamatkar'

Keeping up his offensive against the BJP, Congress president Rahul Gandhi today targeted Union Minister Piyush Goyal for his alleged links to the promoter of a company in default of Rs. 650 crore.

02 Apr 2018

Narendra Modi

Congress takes a dig at Centre on April Fool's Day

The Congress on Sunday used the April Fool's Day to mock PM Narendra Modi and his government over their alleged failures in creating jobs and rein in corruption as the party marked the occasion as "Jumla Day".

01 Apr 2018

India

Microsoft Ventures to fund Indian tech start-ups

Global-tech major Microsoft is looking at investing in Indian tech start-ups through its venture-funding arm "Microsoft Ventures".

30 Mar 2018

Delhi

Government will bring back Nirav Modi and Mehul Choksi: Sitharaman

The government will bring back Nirav Modi and Mehul Choksi, who fled the country before the Rs. 12,650 PNB scam came to light, asserted Defense Minister Nirmala Sitharaman today.

28 Mar 2018

Mumbai

PNB scam: Nirav Modi's close aide arrested by ED

The Enforcement Directorate has arrested a "close" associate and the Vice President of a firm of diamantaire Nirav Modi in connection with a money-laundering probe in the over Rs. 12,000cr PNB scam, officials said on Wednesday.

28 Mar 2018

Telangana

IDBI Bank now reveals fraudulent loans worth over Rs. 770cr

The latest Indian bank to reveal fraudulent loans is IDBI, which said Rs. 772cr had been issued as loans from five branches in Andhra Pradesh and Telangana against fake documents.

All about PNB's plan to stake claim in Modi's company

In a bid to recover defrauded amounts going up to Rs. 13,000 crore, the Punjab National Bank (PNB) is looking to take part in the bankruptcy proceedings of Nirav Modi's firm, Firestar Diamonds. It had filed for insolvency in a New York court last month.

24 Mar 2018

Narendra Modi

Will impose one GST-slab, if voted to power: Rahul Gandhi

Congress President Rahul Gandhi today said if his party comes to power, it would impose one slab of Goods and Services Tax instead of five and abolish the 28% GST slab.

24 Mar 2018

Mumbai

Fresh seizure of Nirav Modi's jewelry, watches worth Rs. 26cr

A fresh seizure of antique jewelry, costly watches, and paintings worth Rs. 26cr has been made by the ED from the Mumbai apartment of Nirav Modi in connection with the over Rs. 12,000cr PNB fraud case.

Hyderabad firm under scanner, bank-fraud worth Rs.23,500cr uncovered in 2018

Yet another bank fraud has emerged, the third case to be reported in five days. The CBI has now registered a case against Hyderabad-based Totem Infrastructure Ltd for duping lenders of Rs. 1,394.43cr.

20 Mar 2018

India

'Extremely busy in businesses abroad': Choksi again refuses to return

Embattled businessmen Mehul Choksi, uncle of diamantaire Nirav Modi and Gitanjali Gems chairman, has once again refused to return to India.

17 Mar 2018

Mumbai

PNB Fraud Case: 11 accused get judicial-custody till 28 March

The 11 accused arrested in connection with the multi-crore Punjab National Bank fraud case were remanded in judicial custody till 28 March by a special CBI court in Mumbai.

15 Mar 2018

Venkaiah Naidu

Parliament must debate bank frauds issue, says Venkaiah Naidu

Vice President Venkaiah Naidu Thursday said Parliament should debate the serious issue of alleged PNB bank fraud by Nirav Modi and others that have damaged the country's image and led people to question the entire banking system.

15 Mar 2018

Mumbai

Another Nirav Modi-like scam surfaces at PNB's Brady House branch

Reports have emerged of another scam at PNB's Brady House branch in Mumbai, the site of the infamous Rs. 12,650cr Nirav Modi scam.

13 Mar 2018

India

PNB Fraud Fallout: RBI discontinues LoUs/LoCs issuance for trade credits

Learning from the multi-crore PNB scam, involving jewelers Nirav Modi and Mehul Choksi, the Reserve Bank of India has decided to discontinue issuance of LoUs (letters of undertaking) and LoCs (letters of comfort) as trade credits for imports into the country.

13 Mar 2018

India

PNB scam: Bank rejects Nirav Modi's offer, demands full repayment

In a strongly-worded letter, PNB has rejected Nirav Modi's "vague" offer of partial repayment in the Rs. 12,650cr scam, asking him to pay the entire amount immediately.

12 Mar 2018

Aam Aadmi Party (AAP)

Parliament Budget session: Longstanding logjam continues in both houses

After a washout of business proceedings last week, protests and remonstrations continued to greet Parliament when it met today.

10 Mar 2018

India

Passport details made mandatory for Rs. 50cr+ loans

Following several high profile cases of economic offenders leaving the country, the government has made it mandatory for borrowers looking for loans above Rs. 50cr to submit their passport details to banks.

08 Mar 2018

India

No passport, can't return: Mehul Choksi tells CBI

Repeating what Nirav Modi submitted to investigating agencies, his uncle Mehul Choksi, Gitanjali Gems chairman and an accused in the Rs. 12,650cr PNB scam, has refused to return to India citing revocation of passport, among others.

07 Mar 2018

West Bengal

Budget Session: No work and only protests dominate Parliament

Proceedings continue to be stalled in Parliament on day 3 of the Budget session.

07 Mar 2018

India

Jeff Bezos tops global rich list; Mukesh Ambani richest Indian

Reliance Industries Chairman Mukesh Ambani became the richest Indian for the 11th year in a row while his net worth soared to $40.1 billion.

07 Mar 2018

Delhi High Court

Delhi HC seeks ED's reply on Nirav Modi firm's plea

The Delhi High Court on Wednesday sought response of the Enforcement Directorate on a plea by Nirav Modi's firm Firestar Diamond against a money laundering case lodged by the agency in connection with the over Rs. 11,000cr Punjab National Bank (PNB) fraud case.

07 Mar 2018

India

PNB scam: CBI arrests Gitanjali VP, "brain behind the conspiracy"

Gitanjali Group vice-president Vipul Chitalia, who had escaped India along with chairman Mehul Choksi, was nabbed from the Mumbai airport yesterday morning, as soon as he landed from Bangkok.

07 Mar 2018

Narendra Modi

Sonia Gandhi forges Opposition unity by hosting dinner

Even as various regional parties are considering a non-BJP non-Congress alliance, Congress leader Sonia Gandhi has invited Opposition leaders for dinner to forge a united front against the BJP in Parliament.

05 Mar 2018

India

PNB-scam: Anti-fraud agency summons ICICI's Chanda Kochhar, Axis' Shikha Sharma

The Rs. 12,650cr scam by Nirav Modi and his uncle Mehul Choksi in connivance with PNB employees might be the undoing of many other banks too.

06 Mar 2018

Mumbai

PNB Scam: CBI detains Gitanjali Group Vice-President Vipul Chitalia

The CBI has detained Vipul Chitalia, Vice-President of Gitanjali Group of Companies, as part of its probe into the Rs. 12,636cr Punjab National Bank fraud.

05 Mar 2018

India

Akash Ambani's getting married this year and here's the bride-to-be!

Mukesh Ambani's son Akash, the scion of India's richest family, is going to marry Shloka Mehta, the youngest daughter of diamantaire Russell Mehta, later this year if sources are to be believed.

05 Mar 2018

India

Budget session stormed by Nirav Modi, Karti Chidambaram issues

The second part of the budget session began today on a stormy note, with the ruling and opposition parties training their guns on each other over major corruption scandals.

04 Mar 2018

India

PNB scam: Nirav Modi bribed official with gold and diamond

Billionaire Nirav Modi bribed a bank official with gold and diamond for his assistance in the Rs. 12,650cr PNB scam, CBI said.

03 Mar 2018

India

PNB Scam: Non-bailable arrest warrants issued for Modi and Choksi

A special court, set up under the Prevention of Money Laundering Act, has issued non-bailable arrest warrants for diamond traders Nirav Modi and Mehul Choksi in the alleged Rs. 12,650 crore Punjab National Bank scam.

02 Mar 2018

India

Can't confirm if Nirav Modi is in US: State official

The US has acknowledged reports in Indian media that embattled billionaire Nirav Modi is in the country, but is unable to confirm them, a state department official said.

US won't confirm reports of Nirav Modi's presence there

The US government is aware of media reports that diamond jeweler Nirav Modi is in the country but is unable to confirm them, a State Department official said on Friday.