Articles about PNB Scam

A United Kingdom court on Wednesday rejected the plea of fugitive Nirav Modi against extradition to India to face the charges of fraud.

Subhash Shankar Parab, a close associate of fugitive Nirav Modi, was brought to India from Cairo and arrested by the Central Bureau of Investigation (CBI) in Mumbai on Tuesday, according to reports.

Fugitive diamantaire Mehul Choksi has expressed fears that he may be kidnapped again in an "unlawful and illegal manner" and be extradited to India.

A bankruptcy court in the United States has rejected a petition filed by fugitive Indian businessman Nirav Modi and two of his associates, seeking the dismissal of fraud allegations against them.

Fugitive diamantaire Mehul Choksi has claimed that he was abducted from Antigua by two agents of India's intelligence agency, the Research and Analysis Wing (R&AW).

The extradition of fugitive diamantaire Mehul Choksi—accused in the Rs. 13,500-crore Punjab National Bank fraud case—to India could possibly be delayed by many years, according to people familiar with the matter.

In a setback for Indian agencies, fugitive diamantaire Mehul Choksi was granted bail by a Dominican court on medical grounds, allowing him to travel to Antigua for treatment.

Alleging that his arrest in Dominica for illegal entry was "dictated" by representatives of the Indian government, absconding diamantaire Mehul Choksi has filed a case in the High Court of Roseau, Dominica, seeking to quash the proceedings against him, local media reported.

Diamantaire Mehul Choksi masterminded the Rs. 13,500 crore Punjab National Bank (PNB) scam, Indian authorities told Dominica's High Court of Justice on Saturday.

The Dominica High Court has denied bail to fugitive diamantaire Mehul Choksi in the case of illegal entry into the island country, local Caribbean media reported.

Barbara Jabarica, the alleged girlfriend of fugitive businessman Mehul Choksi, has rubbished reports that she was involved in his recent purported abduction.

Fugitive diamantaire Mehul Choksi—accused in the Rs. 13,500-crore Punjab National Bank fraud case—claimed he was thrashed and abducted by some men claiming to be Antiguan policemen on May 23, the day he mysteriously went missing from Antigua and Barbuda.

Mehul Choksi - the 62-year-old fugitive founder of India-based Gitanjali Group - has been denied bail by a court in Dominica for illegally entering the Caribbean island country from Antigua and Barbuda.

Mehul Choksi - the fugitive Indian diamantaire - had probably planned a "romantic getaway" with his girlfriend before that plan turned awry and he was arrested in Dominica, Antigua and Barbuda's Prime Minister said citing reports.

Mehul Choksi - the fugitive jewelry businessman wanted in India in connection with the Rs. 14,000 crore PNB loan fraud - has gone missing in the island nation of Antigua and Barbuda, where he had been residing since 2018.

With a UK court ruling in favor of extradition of fugitive diamond merchant Nirav Modi, wanted in India on charges of fraud and money laundering in Punjab National Bank (PNB) scam case, Mumbai's Arthur Road jail has kept a special cell ready to lodge him, an official said on Friday.

A court in the United Kingdom (UK) will decide today whether beleaguered diamantaire Nirav Modi, wanted in connection with the Punjab National Bank (PNB) scam, must be extradited to India or not.

India's grip is tightening around Mehul Choksi, and soon he might be extradited.

On Wednesday, the Royal Courts of Justice denied the bail application of fugitive businessman Nirav Modi. This was the fourth time that Modi, a prime accused in multi-crore PNB scam, approached a court seeking respite.

On Friday, a UK court rejected bail application of fugitive Indian businessman Nirav Modi for the third time. He was presented before Westminster Magistrates Court via video conferencing.

After his 68 artworks, fugitive billionaire Nirav Modi's 13 luxury cars will reportedly go on auction on April 18.

68 artworks, owned by fugitive billionaire Nirav Modi, which are at display for preview in Mumbai's JK Banquet, are set to go on auction today.

A student from Surat has submitted his doctorate thesis on Prime Minister Narendra Modi. Just like the subject of his research, the name of the student is equally interesting- Mehul Choksi.

Nirav Modi, the fugitive diamantaire wanted in the multi-crore PNB scam, is living freely in London, a report in The Telegraph confirmed.

In what is being seen as a move to avoid extradition to India, fugitive businessman Mehul Choksi has surrendered his Indian passport to the Indian High Commission in Antigua and Barbuda.

Almost half a year after Interpol had issued a red corner notice against absconding diamantaire Nirav Modi, the agency has issued a red corner notice against his uncle and accomplice in the Rs. 14,000cr PNB scam, Mehul Choksi.

After months, authorities have finally made a break in the Rs. 13,000cr PNB fraud case.

The Enforcement Directorate (ED) today said it has attached valuables and jewelry worth Rs. 255 crore in Hong Kong of diamond jeweler Nirav Modi in connection with the alleged $2 billion fraud in Punjab National Bank (PNB).

The Enforcement Directorate (ED) on Wednesday seized assets worth over Rs. 218 crore in the nearly Rs. 13,000 crore loan fraud case probe, officials said.

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.

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

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.

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.

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

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.

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.

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.

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.

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 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.