Nirav Modi: News | Page 1

10 Oct 2018

India

Nirav Modi's fake diamonds cost this Canadian man his relationship

The man behind the multi-crore banking fraud in India, Nirav Modi, had sold a Canadian national two fake diamond rings costing him $200,000.

01 Oct 2018

India

PNB scam: ED attaches Nirav Modi's property worth Rs. 637cr

On Monday, the Enforcement Directorate attached properties and bank account related to fugitive Nirav Modi worth Rs. 637 crore.

27 Sep 2018

India

#PNBScam: Choksi gets time to reply to ED plea

A special court yesterday gave diamond jeweler Mehul Choksi, a key accused in PNB bank fraud case, time till October 30 to file his reply to an Enforcement Directorate (ED) plea seeking to declare him a "fugitive" under Fugitive Economic Offenders Act.

25 Sep 2018

India

BJP hasn't developed any UPA project: Rahul in Amethi

Yesterday, Rahul Gandhi criticized BJP for not developing projects launched by the UPA government.

19 Sep 2018

India

PNB Scam: India's largest law firm under investigators' scanners

According to Reuters, India's largest law firm, Cyril Amarchand Mangaldas (CAM) has come under scrutiny in connection with the Rs. 14,000cr PNB scam after investigators seized documents relating to the scam from CAM premises.

15 Sep 2018

London

Congress's charges against Jaitley over Mallya meeting 'ridiculous': Sena

The Shiv Sena today hit out at the Congress saying its allegations against Finance Minister Arun Jaitley over fugitive tycoon Vijay Mallya's claims on meeting him were "ridiculous".

11 Sep 2018

India

PNB scam: ED's allegations are baseless, claims Mehul Choksi

Beleaguered diamantaire Mehul Choksi on Tuesday said all allegations leveled on him by the Enforcement Directorate are false and baseless.

10 Sep 2018

Mumbai

#PNBScam: Interpol issues Red Corner Notice against Nirav Modi's sister

Interpol has issued a Red Corner Notice (RCN) against Purvi Modi, a Belgian national and absconding billionaire jeweler Nirav Modi's sister, in connection with the alleged $2 billion PNB money laundering case, officials said Monday.

02 Sep 2018

Mumbai

Mehul Choksi's properties are money laundering assets: PMLA Authority

A designated PMLA authority has held that 41 properties worth about Rs. 1,210 crore, attached by the Enforcement Directorate (ED) in the name of absconding diamond jeweler Mehul Choksi and his associated firms, are money laundering assets.

26 Aug 2018

London

Modi govt has torn apart judiciary, Election Commission: Rahul Gandhi

Congress President Rahul Gandhi has alleged that the judiciary and Election Commission were being "torn apart" under the BJP government and PM Narendra Modi was keeping mum on grave issues confronting the nation.

21 Aug 2018

South Korea

From this Friday, use Metro card for your bus-rides too!

Come August 24, and you'll be able to use your metro card for paying for your bus rides!

United Kingdom authorities confirm Nirav Modi is in UK

The United Kingdom authorities have confirmed that diamantaire Nirav Modi is in the UK. Further, it has been reported that the CBI has already filed a case for his extradition.

05 Aug 2018

India

India submits extradition request for Mehul Choksi to Antigua

India has submitted a request to Antigua to extradite Mehul Chokdi, Gitanjali Gems chairman, one of the key accused in the Rs. 12,000cr PNB scam.

05 Aug 2018

India

President approves law deterring fugitive economic offenders from fleeing country

President Ram Nath Kovind has given assent to "Fugitive Economic Offenders Act, 2018" that deters fugitive economic offenders to evade legal process in India and flee the country.

04 Aug 2018

Mumbai

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.

03 Aug 2018

Punjab National Bank

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.

30 Jul 2018

India

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.

29 Jul 2018

India

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.

21 Jul 2018

Narendra Modi

PM Modi wins trust-vote but RaGa dubs his speech 'weak'

Congress President Rahul Gandhi and UPA chairperson Sonia Gandhi slammed Prime Minister Narendra Modi's speech in Lok Sabha on Friday.

14 Jul 2018

Yogendra Yadav

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.

02 Jul 2018

India

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.

22 Jun 2018

India

ED seeks fugitive-tag for Mallya; moves court to confiscate Rs.12,500cr-assets

Enforcement Directorate (ED) on Friday filed the first case under "Fugitive Economic Offender Ordinance" to declare Vijay Mallya a fugitive offender and to confiscate his assets worth Rs. 12,500cr (including movable and immovable properties).

20 Jun 2018

India

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.

18 Jun 2018

India

Nirav Modi still traveling on Indian passport despite revocation: Reports

Days after he travelled from London to Brussels, reports have claimed that embattled billionaire Nirav Modi made the journey on an Indian passport.

14 Jun 2018

Narendra Modi

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.

11 Jun 2018

India

Business Roundup: Here are today's top 5 Business news

Here's your daily dose of top five business news.

11 Jun 2018

Narendra Modi

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.

10 Jun 2018

India

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.

03 Jun 2018

Mumbai

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.

29 May 2018

Kanpur

ED attaches Rs. 177cr-worth assets in Rotomac bank fraud case

The Enforcement Directorate today said it has attached assets worth Rs. 177 crore in connection with its probe against Kanpur-based Rotomac Group.

23 May 2018

London

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.

14 May 2018

India

PNB Scam: FinMin cracks down on people in CBI chargesheet

Following the filing of the CBI chargesheet today in the PNB scam, the board of the Allahabad Bank was asked to remove Usha Ananthasubramanian as its CEO and MD by Financial Services Secretary, Rajiv Kumar.

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.

04 May 2018

Punjab National Bank

PC Jewellers loses over three-quarters of its investor wealth

PC Jewellers Ltd., which saw its market worth reach $3.6bn at the start of the year is now languishing in misery at less than a quarter of that value.

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).

25 Apr 2018

India

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.

25 Apr 2018

Vijay Mallya

Under new-law, Mallya, Modi, Choksi's assets might be seized soon

The recent Fugitive Economic Offenders Ordinance has given new teeth to the Enforcement Directorate (ED), which has moved swiftly to seize assets of Vijay Mallya, Nirav Modi and Mehul Choksi.

21 Apr 2018

Vijay Mallya

Govt. can confiscate absconding economic offenders' assets without conviction

In a bid to put pressure on economic fugitives and confiscate their properties, the Union Cabinet today approved a proposal to promulgate the Fugitive Economic Offenders Ordinance 2018.