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File photo of fugitive diamantaire Nirav Modi.(Aniruddha Chowdhury/Mint)

Explained: What is Interpol red notice and how it will affect Nirav Modi’s wife

Hindustan Times, New Delhi | By hindustantimes.com | Edited by: Amit Chaturvedi
UPDATED ON AUG 25, 2020 05:57 PM IST
A red notice is issued at the request of member country. The Interpol clarifies that a red notice is an international wanted person notice, but not an arrest warrant.
Singh added that no relief could be granted to Rohin, as Nirav has defrauded PNB to the tune of Rs. 6,498 crore, laundered most of the money outside the country, and himself fled to the United Kingdom (UK).(Aniruddha Chowdhury/Mint)
Singh added that no relief could be granted to Rohin, as Nirav has defrauded PNB to the tune of Rs. 6,498 crore, laundered most of the money outside the country, and himself fled to the United Kingdom (UK).(Aniruddha Chowdhury/Mint)

PNB fraud: ED opposes Robin Modi’s petition challenging confiscation of property

Hindustan Times, Mumbai | By Kanchan Chaudhari |
UPDATED ON AUG 10, 2020 07:20 PM IST
Additional solicitor-general (ASG) Anil Singh, who represented ED, supported the special court order issued on June 8, passed under Section 12 of the Fugitive Economic Offenders (FEO) Act, 2018, ordering the confiscation of movable and immovable properties worth Rs. 1,396 crore, belonging to Nirav and his firms.
Nirav Modi(Mint/ HT Photo)
Nirav Modi(Mint/ HT Photo)

CBI to submit more proof against Nirav for his extradition

Hindustan Times, Mumbai | By HT Correspondent
UPDATED ON JAN 09, 2020 01:33 PM IST
CBI has also levelled charges against Nirav Modi for threatening key witnesses in the case, and of destroying evidence against him.
Nirav is currently living in a three-bedroom apartment at the landmark Centre Point Tower block in London, UK newspaper The Daily Telegraph reported last week.(HT file)
Nirav is currently living in a three-bedroom apartment at the landmark Centre Point Tower block in London, UK newspaper The Daily Telegraph reported last week.(HT file)

PNB Fraud: Court issues a non-bailable warrant against Nirav Modi’s wife

Hindustan Times | By Charul Shah, Mumbai
UPDATED ON MAR 16, 2019 12:40 AM IST
The special Prevention of Money Laundering Act (PMLA) judge issued a warrant after ED named Ami Modi accused in its latest charge sheet
A red corner notice has been issued for the arrest of Mehul Choksi in the PNB fraud case.(HT File Photo)
A red corner notice has been issued for the arrest of Mehul Choksi in the PNB fraud case.(HT File Photo)

Interpol issues Red Corner Notice against PNB fraud accused Mehul Choksi after CBI’s request

New Delhi | By Rajesh Ahuja
UPDATED ON DEC 13, 2018 12:43 PM IST
After seeking additional information from the CBI, the Interpol had initiated proceedings against Choksi and has now issued a Red Notice against him.
Modi has been absconding since the alleged PNB fraud(Mint file photo)
Modi has been absconding since the alleged PNB fraud(Mint file photo)

PNB fraud: ED attaches 11 properties of Nirav Modi in Dubai

Press Trust of India | By Press Trust of India
PUBLISHED ON NOV 06, 2018 09:33 PM IST
Nirav Modi and his uncle Mehul Choksi are the main accused in the PNB fraud case.(Yogen Shah/File Photo)
Nirav Modi and his uncle Mehul Choksi are the main accused in the PNB fraud case.(Yogen Shah/File Photo)

Nirav Modi’s assets worth Rs 637 crore attached; jewellery and flats among them

New Delhi | By Press Trust of India
UPDATED ON OCT 01, 2018 11:12 AM IST
The assets have been attached as part of five separate orders issued by the central probe agency under the Prevention of Money Laundering Act, ED said.
Mehul Choksi has moved the Eastern Caribbean Supreme Court in Antigua and Barbuda to stall his extradition to India by challenging the extradition law of his adopted country.(HT Photo)
Mehul Choksi has moved the Eastern Caribbean Supreme Court in Antigua and Barbuda to stall his extradition to India by challenging the extradition law of his adopted country.(HT Photo)

Mehul Choksi extradition case may also end up in a UK court

Hindustan Times, New Delhi | By Rajesh Ahuja
UPDATED ON SEP 11, 2018 07:08 AM IST
India’s request to Antigua and Barbuda for the extradition of fugitive diamond merchant Mehul Choksi may finally be decided in the United Kingdom, where India is already fighting a case for the extradition of Vijay Mallya.
Mehul Choksi, one of the accused in the PNB fraud, is presently living in Antigua.(HT File Photo)
Mehul Choksi, one of the accused in the PNB fraud, is presently living in Antigua.(HT File Photo)

I am not living a life of luxury in Antigua, says fugitive jeweller Mehul Choksi

Hindustan Times, New Delhi | By Rajesh Ahuja
UPDATED ON SEP 10, 2018 09:36 AM IST
In an interview to HT, fugitive jeweller Mehul Choksi talks about why he hasn’t returned to India and the charges against him in the PNB fraud.
The central-probe agency had issued a provisional order for attachment of Mehul Choksi’s assets.(Prodip Guha/HT File Photo)
The central-probe agency had issued a provisional order for attachment of Mehul Choksi’s assets.(Prodip Guha/HT File Photo)

Mehul Choksi’s properties are money laundering assets: PMLA authority

New Delhi | By Press Trust of India
UPDATED ON SEP 02, 2018 03:41 PM IST
Mehul Choksi and Nirav Modi are being investigated by the ED and other probe agencies after the PNB fraud came to light.
Businessman Nirav Modi managed to give authorities the slip and flee the country.(Aniruddha Chowdhury/Mint photo)
Businessman Nirav Modi managed to give authorities the slip and flee the country.(Aniruddha Chowdhury/Mint photo)

PNB fraud: Nirav Modi’s siblings get public summons from Mumbai court

Hindustan Times | By HT Correspondent, New Delhi
UPDATED ON AUG 12, 2018 04:01 AM IST
If the businessman’s brother and sister fail to appear, their assets may be confiscated under the newly enacted act aimed at curbing big-ticket economic crimes.
File photo of Mehul Choksi at Mahalaxmi Race Course in Mumbai.(HT Photo)
File photo of Mehul Choksi at Mahalaxmi Race Course in Mumbai.(HT Photo)

India submits request to Antigua for extradition of Mehul Choksi

New Delhi | By Press Trust of India
UPDATED ON AUG 05, 2018 11:53 PM IST
Choksi had fled India on January 4 this year and took oath of allegiance in Antigua on January 15.
Mehul Choksi is wanted in the case of Prevention of Money Laundering Act and his passport was revoked in February 2018.(HT File Photo)
Mehul Choksi is wanted in the case of Prevention of Money Laundering Act and his passport was revoked in February 2018.(HT File Photo)

India approaches Antigua to detain, prevent Mehul Choksi from leaving country

Hindustan Times, New Delhi | By Jayant Jacob
UPDATED ON JUL 31, 2018 12:11 AM IST
Mehul Choksi has claimed he has decided to reside in Antigua and Barbuda, which is his country of “citizenship” and “abide by laws of the country”.
Unless PNB gets fresh capital in time, it may be unable to make the payment because an unprecedented loan-fraud wiped out its profits and pushed the bank’s capital below mandated levels, according to the local unit of Fitch Ratings.(Reuters File Photo)
Unless PNB gets fresh capital in time, it may be unable to make the payment because an unprecedented loan-fraud wiped out its profits and pushed the bank’s capital below mandated levels, according to the local unit of Fitch Ratings.(Reuters File Photo)

Govt set to inject Rs 2000 crore into fraud-hit Punjab National Bank by next week

Bloomberg | By Siddhartha Singh and Anto Antony
UPDATED ON JUL 17, 2018 01:15 PM IST
Fraud-hit PNB needs to pay about Rs 135 crore to cover the 8.98% annual interest on Rs 1500 crore worth of so-called AT1 bonds sold in July 2017.
Mehul Choksi’s whereabouts are unknown since he fled the country in January 2018.(HT File Photo)
Mehul Choksi’s whereabouts are unknown since he fled the country in January 2018.(HT File Photo)

Mehul Choksi owes 6,086.29 crore to 34 other Indian banks, says ED

Hindustan Times | By Pratik Salunke, Mumbai
UPDATED ON JUL 04, 2018 03:23 PM IST
Amounts Choksi owes to these banks are in addition to Rs7,080.86 crore, which he allegedly siphoned from Punjab National Bank.
PNB’s Brady House branch in Mumbai had fraudulently issued LoUs for the group of companies belonging to Nirav Modi since March 2011.(Reuters File Photo)
PNB’s Brady House branch in Mumbai had fraudulently issued LoUs for the group of companies belonging to Nirav Modi since March 2011.(Reuters File Photo)

PNB says no plans to close operations at fraud-hit Brady House branch in Mumbai

New Delhi | By Press Trust of India
UPDATED ON JUL 03, 2018 09:18 PM IST
PNB said reallocation of some of the accounts is part of the regular restructuring process at the bank to strengthen internal systems and processes and centralize certain critical functions.
A view of Supreme Court building in New Delhi, India.(HT File Photo)
A view of Supreme Court building in New Delhi, India.(HT File Photo)

SC dumps PIL seeking court-monitored SIT probe into fin scams like PNB fraud

Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON JUL 03, 2018 08:52 PM IST
A bench headed by Chief Justice Dipak Misra expressed strong displeasure over the allegations made in the petition against the Prime Minister and the Finance Minister
A Nirav Modi showroom is pictured in New Delhi.(Reuters File Photo)
A Nirav Modi showroom is pictured in New Delhi.(Reuters File Photo)

Nirav Modi firms availed loans from PNB’s Hong Kong, Dubai branches too: Report

Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON JUN 27, 2018 12:35 PM IST
Nirav Modi group companies Firestar Diamond Ltd Hong Kong and Firestar Diamond FZE Dubai availed some credit facilities from the Hong Kong and Dubai branches of PNB, according to a report the bank submitted to investigative agencies.
File photo of Nirav Modi in Mumbai.(Aniruddha Chowdhury/Mint)
File photo of Nirav Modi in Mumbai.(Aniruddha Chowdhury/Mint)

On the run, Nirav Modi stayed in flat above jewellery store in London, says report

Press Trust of India, London | By Press Trust of India
UPDATED ON JUN 24, 2018 06:34 PM IST
That Nirav Modi has been using Britain as a safe haven threatens to damage diplomatic ties between India and the UK and further scupper prospects of a post-Brexit trade deal, the report warned.
A file photo of Nirav Modi at his office in Lower Parel in Mumbai.(Aniruddha Chowdhury/Mint)
A file photo of Nirav Modi at his office in Lower Parel in Mumbai.(Aniruddha Chowdhury/Mint)

How gaps in India’s passport rules may have helped Nirav Modi cross borders

Hindustan Times, New Delhi | By Jayanth Jacob and Rajesh Ahuja
UPDATED ON JUN 20, 2018 02:41 PM IST
Once passport is revoked, the information gets fed into a system that is expected to be shared world over, making the travel of Indian passport holder legally impossible
Nirav Modi and his maternal uncle Mehul Choksi have been accused by the state-owned Punjab National Bank of defrauding it to the tune of over Rs 13,000 crore.(Reuters File Photo)
Nirav Modi and his maternal uncle Mehul Choksi have been accused by the state-owned Punjab National Bank of defrauding it to the tune of over Rs 13,000 crore.(Reuters File Photo)

Nirav Modi visited UK five times after passport was revoked: CBI official

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUN 19, 2018 07:47 AM IST
The CBI has not been provided the travel details of Nirav Modi beyond March 31, an official said.
Indian jeweller Nirav Modi poses during the launch of his store in Mumbai. Nirav Modi is wanted by Indian investigative agencies in connection with a Rs 13,000-crore fraud at the Punjab National Bank.(Reuters File Photo)
Indian jeweller Nirav Modi poses during the launch of his store in Mumbai. Nirav Modi is wanted by Indian investigative agencies in connection with a Rs 13,000-crore fraud at the Punjab National Bank.(Reuters File Photo)

Government says PNB fraud accused Nirav Modi is in UK; CBI asks Interpol for red corner notice

Hindustan Times, New Delhi | By P Suchetana Ray and Rajesh Ahuja
UPDATED ON JUN 12, 2018 06:13 AM IST
Nirav Modi left India in January for an unknown location after being accused of being at the centre of the fraud involving the country’s second largest public lender.
Reserve Bank of India (RBI) Governor Urjit Patel arrives for a news conference at the bank's head office in Mumbai on June 6, 2018.(AFP Photo)
Reserve Bank of India (RBI) Governor Urjit Patel arrives for a news conference at the bank's head office in Mumbai on June 6, 2018.(AFP Photo)

RBI governor to appear before parliamentary panel, face questions on demonetisation, PNB fraud

Press Trust of India | By Press Trust of India
UPDATED ON JUN 11, 2018 06:39 PM IST
Patel is scheduled to appear before the Parliament’s Standing Committee on Finance headed by Congress leader Veerappa Moily. It has members from various political parties, including former Prime Minister Manmohan Singh.
India has not yet made an extradition request, but any such request may become infructuous if Modi is granted asylum in the country.(Reuters)
India has not yet made an extradition request, but any such request may become infructuous if Modi is granted asylum in the country.(Reuters)

India’s letter rogatory seeks probe on Nirav Modi, info from UK

Hindustan Times, London | By Prasun Sonwalkar
UPDATED ON JUN 12, 2018 12:03 AM IST
Home Office sources said no application for asylum has been submitted by Nirav Modi, who has family in the UK, but an expert legal team is said to be working on submitting one.
A Nirav Modi showroom in New Delhi.(Reuters)
A Nirav Modi showroom in New Delhi.(Reuters)

PNB fraud: ED attaches Nirav Modi’s 52-crore Rajasthan wind farm

Hindustan Times | By HT Correspondent, Mumbai
PUBLISHED ON MAY 31, 2018 12:38 AM IST
In all, the ED has so far attached 7,600 crore worth of assets during its probe into the alleged money laundering case
A Nirav Modi showroom is pictured in New Delhi, India.(Reuters File Photo)
A Nirav Modi showroom is pictured in New Delhi, India.(Reuters File Photo)

PNB fraud: ED attaches Rs 52.80 crore wind farm owned by Nirav Modi’s family in Jaisalmer

Press Trust of India, Jaisalmer | By Press Trust of India
UPDATED ON MAY 30, 2018 04:44 PM IST
The ED has issued a provisional order for attachment under the PMLA for freezing the 9.6 MW-power capacity farm (consisting of multiple wind mills) that is “owned by” Ms Solar Exports, Ms Stellar Diamonds, Ms Diamond R US and Ms Neeshal Merchandising Private Limited.
Mehul Choksi, an accused in the case.(HT Photo)
Mehul Choksi, an accused in the case.(HT Photo)

PNB fraud: CBI has probed only 6 of 142 LoUs in 3 months

Hindustan Times | By Charul Shah, Mumbai
UPDATED ON MAY 23, 2018 11:03 AM IST
The agency filed its second charge sheet before a special CBI court in Mumbai on Tuesday.
Nirav Modi (pictured) and his uncle Mehul Choksi are accused of bank fraud to the tune of Rs 14,500 crore.(File Photo)
Nirav Modi (pictured) and his uncle Mehul Choksi are accused of bank fraud to the tune of Rs 14,500 crore.(File Photo)

PNB fraud: ED attaches Nirav Modi’s properties worth Rs 171 cr

Indo Asian News Service, New Delhi | By HT Correspondent
UPDATED ON MAY 21, 2018 09:06 PM IST
The Enforcement Directorate attached properties of Nirav Modi, including four commercial premises in Mumbai and Surat (with present market value worth Rs 72.87 crore), 106 bank accounts (with account balance of Rs 55.12 crore), 15 demat accounts (with Rs 35.86 crore) and 11 cars valued at Rs 4.01 crore.
A file photo of Nirav Modi at his office in Lower Parel in Mumbai.(Aniruddha Chowdhury/Mint File)
A file photo of Nirav Modi at his office in Lower Parel in Mumbai.(Aniruddha Chowdhury/Mint File)

Nirav Modi in London on Singaporean passport: Report

Indo Asian News Service, New Delhi | By Indo Asian News Service
UPDATED ON MAY 19, 2018 02:38 PM IST
Enforcement Directorate has issued summons to Nirav Modi’s father Deepak Modi, sister Purvi Mehta and her husband Mayank Mehta in PNB fraud.
On Monday, federal investigators went after Usha Ananthasubramanian, currently the head of state-run Allahabad Bank, filing formal charges over her alleged involvement in a multi-billion dollar fraud involving jeweller Nirav Modi.(File photo)
On Monday, federal investigators went after Usha Ananthasubramanian, currently the head of state-run Allahabad Bank, filing formal charges over her alleged involvement in a multi-billion dollar fraud involving jeweller Nirav Modi.(File photo)

Think twice before busting India’s ailing banks

Bloomberg | By Mihir Sharma
UPDATED ON MAY 17, 2018 07:22 PM IST
Most small and medium enterprises are still dependent on bank credit -- particularly from state-owned banks, since private-sector banks tend to avoid lending to companies.
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