Tag: PNB scam

PNB fraud | Nirav Modi denied bail for fourth time by UK court, to stay in prison

Nirav Modi has already been denied bail thrice by the Westminster Magistrates' Court, as the judge ruled there was "substantial risk" that he would fail to surrender and deemed the bail security offered as insufficient.

June 12, 2019

UK court rejects bail plea of Nirav Modi, to remain in custody till May 24

The court is hearing the extradition case of Nirav Modi in the $1 billion Punjab National Bank (PNB) fraud and money laundering case.

April 26, 2019

Nirav Modi, Mallya to share same cell in Mumbai jail? ‘There is space’, quips UK judge

The UK court earlier on Friday rejected Nirav Modi’s second bail application, saying there are 'substantial grounds' to believe the fugitive diamantaire will fail to surrender.

March 30, 2019

CBI team to be London on March 29 for hearing of Nirav Modi extradition case

The 48-year-old had been denied bail by District Judge Marie Mallon at his first hearing soon after his arrest by Scotland Yard officers from a central London bank branch.

March 27, 2019

Nirav Modi may be kept in separate cell in UK prison, inmates to be Dawood henchman

Modi was arrested from a Metro Bank branch in London by uniformed officers on Tuesday, when he went there to open a new bank account.

March 21, 2019

Welcome arrest, Govt pursuing with UK for early extradition of Nirav Modi: MEA

A UK court had on Monday issued an arrest warrant against Modi following a request forwarded by the Enforcement Directorate (ED) for his extradition.

March 21, 2019

‘Fit for extradition’: UK sends India’s request to extradite Nirav Modi to London court, says ED

Soon a joint team of the ED and the CBI would travel to the UK to apprise the lawyers about the Indian case and evidence against Modi, ED sources said.

March 9, 2019

‘Impossible is possible under PM Modi’: Oppn slams Govt after Nirav Modi spotted in London

The report stated that Nirav Modi against whom a Red Corner Notice has been issued by the Interpol has been living in the city’s West End area and has even started a new diamond business.

March 9, 2019

Fugitive jeweller Nirav Modi spotted in London, has started new diamond business: Report

Nirav Modi and his uncle Mehul Choksi are under probe by both the Central Bureau of Investigation (CBI) and the ED in the Rs 14,000 crore Punjab National Bank fraud case.

March 9, 2019

PNB scam accused Nirav Modi’s Alibag beach bungalow blown up with controlled blast

A few days ago, detonators were fixed at various points on the bungalow - located around 110 km from Mumbai - to carry out the 'implosion' and bring it down in a single-shot.

March 8, 2019

Interpol issues Red Corner Notice against fugitive Mehul Choksi on request of CBI

Earlier in September, the Enforcement Directorate (ED) had sent a reminder to Interpol about its application seeking a red corner notice against Choksi.

December 13, 2018

Urjit Patel Resignation: A dangerous trend, government intimidating RBI, says AIBEA

AIBEA General Secretary CH Venkatachalam said, "The resignation of RBI Governor Urjit Patel is quite shocking and disturbing. The reasons for his resignation are obvious and signal a dangerous trend that institutions like RBI are no longer independent."

December 11, 2018

ED seeks attachment of Nirav Modi’s Rs 56-cr Dubai assets

However, an RCN request against Choksi, who acquired Antiguan citizenship earlier in 2018, is pending with the Interpol.

November 6, 2018

PNB posts Rs 4, 532 cr loss in Sep qtr as bad loans soar

The state-owned bank had a net profit of Rs 561 crore in the July-September quarter of last fiscal 2016-17.

November 2, 2018

PNB scam: ED seeks attachment of Nirav Modi’s assets worth Rs 255-cr in Hong Kong

The ED said it has till date attached properties worth Rs 4,744 crore in connection with the case in India and abroad.

October 25, 2018

Jaitley’s daughter received money from PNB accused: Rahul

Gandhi was addressing a farmers' rally here as part of the party's campaign for the Assembly elections in Chhattisgarh next month.

October 22, 2018

ED seizes Nirav Modi’s properties worth Rs 637 crore; New York, Mumbai homes on list

The agency has also attached five overseas bank accounts belonging to Nirav Modi having a balance of total Rs 278 Crore.

October 1, 2018