Tag: fraud
Cabinet Nod To Bill To Seize Assets Of Fugitive Offenders
Cracking down on economic offenders who flee the country after committing frauds, the union cabinet on Thursday approved a bill for confiscation of properties of these fugitives and also gave its clearance to set up an authority to oversee auditing standards of large companies.....
Mumbai Court Issues Non-bailable Warrants Against Nirav, Choksi
A PMLA court here on Saturday issued non-bailable warrants (NBWs) against absconder diamantaires Nirav Modi and his uncle and business partner Mehul Choksi in the Rs 12,600-crore (almost $2 billion) Punjab National Bank fraud.....
PNB Fraud: NCLT Bars 64 Firms From Selling Assets
The National Company Law Tribunal (NCLT) has restrained over 60 companies, including those belonging to Rs 12,600-crore PNB fraud accused Nirav Modi and his uncle Mehul Choksi, from selling their assets, according to a government announcement on Sunday.....
Lok Sabha, Rajya Sabha Adjourned Till Tuesday Amid Uproar Over PNB Fraud
The Lok Sabha was adjourned for the day on Monday following uproar over several issues including the multi-crore Punjab National Bank (PNB) fraud, demand for special status to Andhra Pradesh and demand for increasing quota beyond 50 percent in Telangana.....
ICICI's Kochhar, Axis' Sharma Summoned In PNB Fraud Case
ICICI Bank chief Chanda Kochhar and Axis Bank's Shikha Sharma have been summoned by an anti-fraud agency in the bank fraud case involving jeweller Nirav Modi and his partner and uncle Mehul Choksi.....
PNB Discloses Rs 942 Cr Additional Exposure To Gitanjali Group
The Punjab National Bank (PNB) has filed a fresh complaint to the CBI alleging it has uncovered additional exposure of about Rs 942.18 crore defraud by Gitanjali Group of companies in connection with a multi-crore fraud.....
Another Bank Fraud Of Rs 824 Crore Involving Chennai Jeweller
In yet another fraud played on banks, a Chennai-based jeweller Kanishk Gold Pvt Ltd (KGPL) has been accused of defrauding a consortium of 14 banks led by the State Bank of India (SBI) to the tune of Rs 824.15 crore in the form of loans that have now been declared as non-performing asset (NPA).....
Kanishk Gold Directors Questioned In Loan Fraud Case
The CBI on Thursday said that it was questioning the directors of Kanishk Gold Pvt. Ltd. (KGPL) in connection with its ongoing probe into the alleged defrauding a consortium of 14 banks led by the SBI to the tune of Rs 824 crore.....
ED Seizes Nirav Modi Valuables Worth Rs 36 Cr
The Enforcement Directorate (ED) on Saturday said it seized valuables worth over Rs 36 crore of absconding diamond jeweller Nirav Modi in connection with an ongoing probe into the Rs 14,500 crore Punjab National Bank (PNB) fraud case.....
Red Corner Notice Issued Against Nirav Modi
Interpol has issued a red corner notice (RCN) against fugitive diamond jeweller Nirav Modi after the CBI requested this in connection with the Rs 13,500 crore fraud on Punjab National Bank (PNB), officials said here on Monday.....
