Mehul Choksi: News
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.
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.
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.
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.
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.
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".
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.
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.
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.
'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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
#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.
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.
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.
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.
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.