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letter of credit
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Rs 14,000 crore PNB fraud case: Man accused of aiding Mehul Choksi refuses to take lie-detector tests
Hindustan Times, Mumbai | By Charul Shah
UPDATED ON AUG 21, 2019 05:00 PM IST
PNB fraud accused Gokulnath Shetty opposed CBI’s plea for his polygraph and narco-analysis test in order to find out about alleged pecuniary benefits received by him in return for fraudulent approvals.
UP: Discoms told to maintain letter of credit
Hindustan Times, Lucknow | By Brajendra K Parashar
PUBLISHED ON JUL 01, 2019 04:38 PM IST
The Central government has made it compulsory for power distribution companies to open and maintain a Letter of Credit (LC) as a mechanism to ensure timely clearance of bills of power generating companies.
CBI asks Antigua about Mehul Choksi’s whereabouts
New Delhi | By Press Trust of India
UPDATED ON JUL 25, 2018 04:08 PM IST
Choksi had taken citizenship of Antigua in November 2017, and an oath of allegiance on January 15 this year, according to a local newspaper Antigua Observer.
CBI books 3 Mumbai firms for cheating SBI using letters of credit
Mumbai/New Delhi | By Indo Asian News Service
PUBLISHED ON JUL 10, 2018 10:18 PM IST
A CBI official said the private companies enjoyed bill discounting facilities against the Letters of Credit (LoC) issued by SBI’s D.N. Road branch and PM Road Branch, Fort, Mumbai
Sebi warns PNB for late disclosures regarding Nirav Modi scam
Press Trust of India, Mumbai | By Press Trust of India
UPDATED ON MAY 17, 2018 04:43 PM IST
Sebi observed that there were delays of 1-6 days by PNB in making disclosures to the stock exchanges pertaining to the filing of reports/complaints with Reserve Bank of India and CBI.
Bank loan fraud: ED attaches Rs 375-cr assets of Surat firm
Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON APR 13, 2018 11:41 PM IST
The central probe agency said it has attached the plant and machinery of the firm -- Ms Nakoda Limited -- in Surat district of Gujarat under the Prevention of Money Laundering Act (PMLA
Nirav Modi laundered Rs 6,000 crore in just one year, chargesheet soon: ED
New Delhi, Hindustan Times | By P Suchetana Ray
UPDATED ON APR 05, 2018 04:51 PM IST
The Punjab National Bank has accused Nirav Modi and Mehul Choksi of committing a fraud of around Rs 13,000 crore in the issuance of letters of undertaking and foreign letters of credit from Mumbai’s Brady House branch between 2011 and 2017.
PNB to honour LoUs worth Rs 6,500 cr due to 7 lenders
PTI, New Delhi | By PTI
UPDATED ON MAR 28, 2018 09:41 PM IST
PNB’s board has decided to honour payments on about 350 of the letters of undertaking and foreign letters of credit.
PNB fraud: 11 accused remanded to judicial custody till March 28
Press Trust of India, Mumbai | By Press Trust of India
UPDATED ON MAR 17, 2018 07:53 PM IST
Key accused Gokulnath Shetty, Manoj Kharat, Hemant Bhat and Bechhu Tiwari, were produced in the court of Special CBI judge SR Tamboli on Saturday.