Tag: Gitanjali group

PNB fraud: India awaits Antigua’s response to its request for Choksi extradition

“We remain committed to bringing economic offenders back to India,” the spokesperson added.

November 1, 2018

CBI files chargesheet against Mehul Choksi, Gitanjali group

The CBI on Wednesday filed its charge sheet against billionaire jeweller Mehul Choksi and 17 other entities, including companies owned by him and other individuals, in connection with the over $ 2 billion Punjab National Bank (PNB) scam, officials said. The charge sheet was filed before a special CBI court in Mumbai. In the charge...

May 16, 2018

PNB fraud case: ED attaches Choksi’s 41 properties worth Rs 1,200 cr

The Enforcement Directorate (ED) on Thursday attached 41 properties of Mehul Choksi of the Gitanjali Group, worth Rs 1,217 crore, in connection with an ongoing probe into the Rs 12,600 crore Punjab National Bank fraud case. The central probe agency issued a provisional order for attachment under the Prevention of Money Laundering Act (PMLA). The...

March 1, 2018

CBI arrests auditor of PNB in bank fraud case

The Central Bureau of Investigation (CBI) has arrested an internal chief auditor of Punjab National Bank (PNB) in its ongoing probe into Rs 12,600 crore bank fraud case. “CBI has on Wednesday arrested an Internal Chief Auditor of Punjab National Bank in an ongoing investigation of the cases related to Nirav Modi group and Gitanjali...

March 1, 2018

Gitanjali Group properties worth Rs 1,200 crore attached

Officials of the Income Tax (IT) Department on Thursday said they have attached properties worth Rs 1,200 crore of the Mehul Choksi-owned Gitanjali Group in Hyderabad. According to the IT officials, the agency has attached the SEZ (special economic zone) property of Gitanjali Group in Telangana’s capital city Hyderabad. “As per assessee’s (Gitanjali Group) own...

February 22, 2018

IT dept serves notice on Singhvi’s wife for unaccounted money paid to Nirav Modi

The Income Tax department has sent a notice to the wife of Congress leader Abhishek Manu Singhvi for unaccounted payment to billionaire jeweller Nirav Modi. According to media reports, Singhvi’s wife bought diamonds worth Rs 6 crore, of which only Rs. 1.5 crore was paid through cheque. According to a report in the Firstpost, Congress...

February 20, 2018

PNB fraud: ED raids over 40 locations in several cities on Monday

The Enforcement Directorate (ED) on Monday conducted searches at over 40 more locations in several cities across India in connection with the multi-crore Punjab National Bank (PNB) scam, an official said. The agency raided 10 places in Mumbai, six each in Ahmedabad and Bengaluru, four in Chennai, three in Surat, two each in Bihar, Lucknow,...

February 19, 2018

Banking reels under spiralling PNB scam

The Rs 11,400 crore bank fraud involving Punjab National Bank (PNB) and billionaire jeweller Nirav Modi ~ along with his wife, brother, his business partner and uncle Mehul Choksi of the Gitanjali group, and their firms ~ seemed to be snowballing with fresh reports pointing to bigger exposure of many Indian banks, running into several...

February 17, 2018

Nirav Modi case: Independent valuation of seized articles begins

An independent valuation of the valuables seized during raids related to billionaire jeweller Nirav Modi, estimated to be worth around Rs 5,100 crore, has been started by the Enforcement Directorate, sources said. The development comes as raids are being conducted in at least 20 locations related to the Gitanjali group of companies, promoted by Nirav...

February 16, 2018