Letter Of Undertaking
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Delhi High Court Directs Officials To Approach Tribunal In Arvind Kejriwal Bungalow Renovation Case
The Delhi High Court allows six PWD officials to approach Central Administrative Tribunal (CAT) over show cause notices for renovating CM Arvind Kejriwal's residence.
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WhatsApp Directed to Publicise Its Undertaking Regarding Data Protection Given to the Centre in 2021
The Supreme Court on Tuesday directed WhatsApp to widely publicise its undertaking given to the Centre in 2021 stand its users in India do not have to accept its 2021 privacy policy in order to use it. A five-judge Constitution bench headed by Justice KM Joseph asked WhatsApp to give advertisement in five newspapers to publicise its undertaking giv...
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Explained: How Nirav Modi Cheated Punjab National Bank Of Rs 14,000 Crore
Pulling off one of the biggest bank frauds in the country, fugitive diamantaire Nirav Modi and his uncle Mehul Choksi created a complex web of deception through fraudulent Letters of Undertaking (LoUs) to siphon off Rs 14,000 crore.
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Former Top Banker In Trouble For PNB Scam Case Linked To Mehul Choksi
The investigation has revealed that the "bank officials deliberately omitted in making entries of the Letters of Undertaking (LoU) issued on behalf of Choksi's companies, in the Core Banking System (CBS) of the bank, to avoid detection".
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Mehul Choksi Firms Siphoned Off Over Rs 6,000 Crore From Punjab National Bank: CBI
Companies owned by Mehul Choksi allegedly siphoned off over Rs 6,344.96 crore from Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, the CBI has alleged in its supplementary chargesheet.
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US Lawmakers Press Pakistan For Full Review Of Daniel Pearl Case
A total of 36 members of the US Congress on Tuesday issued a letter to Pakistan's Ambassador to the United States, urging the country to undertake a full review of acquittal of the accused in the case of the 2002 killing of American journalist Daniel Pearl.
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CBI Arrests 10 Over Misuse Of PNB Letters Of Undertaking Worth 9 Crore
The CBI has arrested 10 people for alleged misuse of Lettter of Undertakings worth over Rs 9 crore in the Punjab National Bank's Brady House branch, the fountainhead of a USD 2 billion scam perpetrated by billionaires Nirav Modi and Mehul Choksi, officials said on Wednesday.
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Banks Not The Only Victims Of Fugitive Jewellers Nirav Modi, Mehul Choksi
Banks weren't the only victims of fugitive jewellers Nirav Modi and Mehul Choksi, who allegedly orchestrated a $2 billion fraud. India's trade may be an unsuspecting casualty. As the fraud unravelled, the central bank stepped in and banned short-term financing in foreign currency called Letters of Undertaking to limit the damage to the financial sy...
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Top Exporters Body Writes To RBI To Lift Ban On Letter Of Undertakings
The top exporters lobby Federation of Indian Export Organisations (Fieo) has written to the Reserve Bank and finance ministry seeking lifting the blanket ban on letter of undertakings (LoUs) saying it will further hurt exports by making them more uncompetitive.
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RBI Bars Letters of Undertaking (LoUs). Five Things To Know
RBI took the decision of discontinuing letters of undertaking in wake of the alleged Rs 13,000 crore PNB fraud that revolved around the LoUs
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Delhi High Court Directs Officials To Approach Tribunal In Arvind Kejriwal Bungalow Renovation Case
The Delhi High Court allows six PWD officials to approach Central Administrative Tribunal (CAT) over show cause notices for renovating CM Arvind Kejriwal's residence.
-
WhatsApp Directed to Publicise Its Undertaking Regarding Data Protection Given to the Centre in 2021
The Supreme Court on Tuesday directed WhatsApp to widely publicise its undertaking given to the Centre in 2021 stand its users in India do not have to accept its 2021 privacy policy in order to use it. A five-judge Constitution bench headed by Justice KM Joseph asked WhatsApp to give advertisement in five newspapers to publicise its undertaking giv...
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Explained: How Nirav Modi Cheated Punjab National Bank Of Rs 14,000 Crore
Pulling off one of the biggest bank frauds in the country, fugitive diamantaire Nirav Modi and his uncle Mehul Choksi created a complex web of deception through fraudulent Letters of Undertaking (LoUs) to siphon off Rs 14,000 crore.
-
Former Top Banker In Trouble For PNB Scam Case Linked To Mehul Choksi
The investigation has revealed that the "bank officials deliberately omitted in making entries of the Letters of Undertaking (LoU) issued on behalf of Choksi's companies, in the Core Banking System (CBS) of the bank, to avoid detection".
-
Mehul Choksi Firms Siphoned Off Over Rs 6,000 Crore From Punjab National Bank: CBI
Companies owned by Mehul Choksi allegedly siphoned off over Rs 6,344.96 crore from Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, the CBI has alleged in its supplementary chargesheet.
-
US Lawmakers Press Pakistan For Full Review Of Daniel Pearl Case
A total of 36 members of the US Congress on Tuesday issued a letter to Pakistan's Ambassador to the United States, urging the country to undertake a full review of acquittal of the accused in the case of the 2002 killing of American journalist Daniel Pearl.
-
CBI Arrests 10 Over Misuse Of PNB Letters Of Undertaking Worth 9 Crore
The CBI has arrested 10 people for alleged misuse of Lettter of Undertakings worth over Rs 9 crore in the Punjab National Bank's Brady House branch, the fountainhead of a USD 2 billion scam perpetrated by billionaires Nirav Modi and Mehul Choksi, officials said on Wednesday.
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Banks Not The Only Victims Of Fugitive Jewellers Nirav Modi, Mehul Choksi
Banks weren't the only victims of fugitive jewellers Nirav Modi and Mehul Choksi, who allegedly orchestrated a $2 billion fraud. India's trade may be an unsuspecting casualty. As the fraud unravelled, the central bank stepped in and banned short-term financing in foreign currency called Letters of Undertaking to limit the damage to the financial sy...
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Top Exporters Body Writes To RBI To Lift Ban On Letter Of Undertakings
The top exporters lobby Federation of Indian Export Organisations (Fieo) has written to the Reserve Bank and finance ministry seeking lifting the blanket ban on letter of undertakings (LoUs) saying it will further hurt exports by making them more uncompetitive.
-
RBI Bars Letters of Undertaking (LoUs). Five Things To Know
RBI took the decision of discontinuing letters of undertaking in wake of the alleged Rs 13,000 crore PNB fraud that revolved around the LoUs
