Nirav Modi: News
PNB Scam: Senior executive of Nirav Modi's firm gets bail
A special CBI court in Mumbai today granted bail to Vipul Ambani, a senior executive of a firm owned by diamantaire Nirav Modi, in the multi-crore Punjab National Bank scam.
Indian agencies told Antigua no adverse records against Choksi: Report
Indian agencies told Antigua that there was no adverse information against Mehul Choksi when the Caribbean country did its background check on the fugitive billionaire before granting him citizenship in May 2017, Antiguan paper the Daily Observer reported.
India asked Antigua to detain Choksi: Details here
India requested authorities in Antigua and Barbuda to detain PNB scam fugitive Mehul Choksi after it received information about his presence in the Caribbean island, government sources said today.
PNB scam aftermath: India's passport rules may undergo changes
The PNB scam exposed several loopholes in Indian laws that let defaulters like Nirav Modi and Mehul Choksi flee the country after looting over Rs. 12,000cr from banks.
PNB Scam: Choksi moves to Antigua, takes up local passport
Absconding diamantaire Mehul Choksi has left the US to take refuge in the island of Antigua located in the tiny Caribbean country of Antigua and Barbuda.
50 wealthy Indians under I-T scanner for buying Modi's jewellery
The Income Tax department has decided to reassess the income tax returns of over 50 high net-worth individuals (HNIs) who purchased jewellery from firms owned by the absconding Nirav Modi.
PNB Fraud case: Interpol issues Red Notice against Nirav Modi
Indian agencies are one step closer to nabbing Nirav Modi, the prime accused in a Rs. 13,400 crore fraud, after the Interpol issued a Red Corner Notice against him.
How is Nirav Modi traveling with revoked Indian passport?
It's been months since Nirav Modi started playing cat-and-mouse with Indian authorities. Recently, after reports emerged he was in the UK, he left for Brussels within two days.
After fresh-speculation on whereabouts, Nirav Modi flees to Brussels: Reports
Days after reports surfaced that embattled diamantaire Nirav Modi is in UK, he's understood to have fled to Brussels.
Embattled billionaire Nirav Modi seeking political asylum in UK: Reports
Billionaire diamantaire Nirav Modi has headed to the UK seeking asylum alleging "political persecution" in India, the latest reports claim.
PSU banks suffer whopping Rs. 87,000cr loss in FY18
Losses of 19 government-run banks crossed a whopping Rs. 87,357cr in FY2017-18, topped by scam-tainted Punjab National Bank which took a hit of nearly Rs. 12,283cr.
Fire at I-T department's office destroys Nirav files, department refuses
According to sources, files on the absconding Nirav Modi, Mehul Choksi, and several others wanted for economic offenses were destroyed in a major fire at the premises of the Income Tax Department in Mumbai on Friday.
Is the net finally closing in around Nirav Modi?
The Enforcement Directorate has provisionally attached Rs. 170cr worth of assets belonging to Nirav Modi in connection with the Rs. 13,400cr PNB scam.
Fraud-hit PNB posts Rs. 13,420cr loss in Q4 of FY17-18
On Tuesday, the fraud-hit Punjab National Bank (PNB) reported a massive net loss of Rs. 13,419.91cr in Q4 of FY17-18.
PNB scam: CBI to file chargesheet against several senior bankers
After three FIRs and 19 arrests, the CBI is all set to file its first chargesheet in the Rs. 12,600cr Punjab National Bank (PNB) loan fraud case involving jewellers Nirav Modi and Mehul Choksi.
Over 23,000 bank-fraud cases involving Rs. 1-lakh-crore in 5 years
Over 23,000 cases of fraud involving a whopping Rs. 1-lakh-crore have been reported in the past five years in various banks, according to the Reserve Bank of India (RBI).
Fraud-hit PNB to hire detective agencies to locate untraceable borrowers
Fraud-hit Punjab National Bank (PNB) has invited applications for empanelment of detective agencies to locate its untraceable borrowers as it looks to "significantly" supplement efforts to recover bad loans which surged to Rs. 57,519 crore at December end.
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.
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.
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".
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.
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.
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.
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.
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.
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".
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.