Mehul Choksi files application to cancel non-bailable warrant; fears ‘mob lynching’ in India
One of the main defendants in the country’s largest bank fraud case, Mehul Choksi, made a court application on Monday for cancellation of an arrest...
Tag : Mehul Choksi
ED to seek fugitive tag for Choksi after court takes cognisance of chargesheet
The agency had charged Choksi and his three firms – Ms Gitanjali Gems Ltd, Ms Gili India Ltd and Ms Nakshatra Brand Ltd. Mumbai/New...
Interpol issues Red Corner notice against Nirav Modi
New Delhi | Interpol on Monday issued a Red Corner Notice against absconding businessmen Nirav Modi in connection with the multi-crore Punjab National Bank (PNB) scam....
PNB fraud: Investigation finds former bank manager guilty of clearing transactions
by News Desk
Months after being scammed by Nirav Modi and Mehul Choksi, the PNB suggested that there were several loopholes in the monitoring operations at its Brady...
RBI Governor seeks more powers to effectively regulate Public Sector Banks
by News Desk
RBI Governor Urjit Patel today made a strong case for more powers to effectively regulate public sector banks (PSBs) as lawmakers asked him tough questions...
PNB failed to check Nirav Modi-Mehul Choksi fraud, says RBI
by News Desk
The Reserve Bank of India (RBI) on Tuesday blamed Punjab National Bank (PNB) of the $2-billion Nirav Modi-Mehul Choksi fraud, and accused the state-run lender of furnishing...
UK agrees to help India in locating fugitive diamond merchant Nirav Modi
British authorities have confirmed to Indian officials that fugitive diamond merchant Nirav Modi, accused of bank fraud worth ₹13,000 crore, is in the U.K. and...
CBI likely to charge PNB ex-MD in Nirav Modi scam
The CBI will submit a charge sheet against Allahabad Bank CEO & MD Usha Ananthasubramanian and several others on Monday in the over Rs 13,000 crore PNB scam allegedly...
RBI claims over 23,000 bank fraud cases involving ₹1 lakh crore in 5 years claims
Over 23,000 cases of fraud involving ₹1 lakh crore have been reported in the past five years in various banks, according to the Reserve Bank...
Nirav Modi still travelling on a suspended passport?
Fugitive businessman Nirav Modi has been reportedly spotted in New York and is still travelling on a suspended Indian passport. Passports of Nirav Modi and...