Nirav Modi Scam
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Court Allows Nirav Modi's Company's Former Finance Head To Travel Abroad
A Mumbai special court has quashed a look out circular issued by CBI against the former chief financial officer of Nirav Modi's Firestar International Ltd company which is accused in the Rs 6,498 crore scam pulled off by the absconding diamantaire.
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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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Second Half of Budget Session Expected To Be Stormy
The second half of the budget session of parliament will commence on Monday with the government seeking to push its legislative agenda, including the bill for confiscation of properties of fugitives, and the opposition likely to target it on a range of issues including the multi-crore bank frauds.
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Tax Evasion Case: Warrant Issued Against Nirav Modi
A magistrate's court Tuesday issued a bailable arrest warrant against diamond trader Nirav Modi in connection with a case of alleged tax evasion in purchase of a property which turned out to be "benami", an Income Tax department official said.
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Centre Didn't Act On Complaints In Nirav Modi Case: Congress
In a fresh attack, the Congress today accused the NDA Government of complicity in not acting on complaints against PNB fraud accused Nirav Modi and Mehul Choksi filed by people who have been duped in Gujarat and elsewhere by the duo, and alleged that they were provided "protection at the highest level".
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PNB Denies Transferring 18,000 Staff After Nirav Modi Scam
Defrauded Rs 11,300 crore ($1.8 billion) allegedly by diamantaire Nirav Modi, state-run Punjab National Bank on Thursday denied media reports that it has transferred close to 18,000 employees on account of the ongoing probe into the scam.
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"Will Stay In Kanpur": Rotomac Owner Amid Reports Of Leaving Country
After billionaire jewellery designer Nirav Modi, another defaulter Vikram Kothari, the promoter of Rotomac Pen, has denied reports that he has left the country.
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Increased Private Participation Needed In Banking: Arvind Subramanian
Chief Economic Advisor to the government Arvind Subramanian on Saturday advocated more private participation in public sector banks after the second largest Indian bank Punjab National Bank got hit by massive $1.8 billion fraud and other banks hit by frauds as well.
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"All Options Are Open," Nirav Modi Said Months Ago About Bank Loans
Nirav Modi's name was, till recently, a stamp of corporate India's growing global prestige. On Hollywood red carpets, his diamonds sparkled on actors and models like Kate Winslet, Dakota Johnson and Rosie Huntington-Whiteley.
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Nirav Modi And The $1.6 Billion Fraud: What We Know So Far
On Valentine's Day, one of India's biggest banks disclosed an almost $2 billion fraud allegedly by one of the country's richest men, who deals in pearls and diamonds.
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Court Allows Nirav Modi's Company's Former Finance Head To Travel Abroad
A Mumbai special court has quashed a look out circular issued by CBI against the former chief financial officer of Nirav Modi's Firestar International Ltd company which is accused in the Rs 6,498 crore scam pulled off by the absconding diamantaire.
-
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.
-
Second Half of Budget Session Expected To Be Stormy
The second half of the budget session of parliament will commence on Monday with the government seeking to push its legislative agenda, including the bill for confiscation of properties of fugitives, and the opposition likely to target it on a range of issues including the multi-crore bank frauds.
-
Tax Evasion Case: Warrant Issued Against Nirav Modi
A magistrate's court Tuesday issued a bailable arrest warrant against diamond trader Nirav Modi in connection with a case of alleged tax evasion in purchase of a property which turned out to be "benami", an Income Tax department official said.
-
Centre Didn't Act On Complaints In Nirav Modi Case: Congress
In a fresh attack, the Congress today accused the NDA Government of complicity in not acting on complaints against PNB fraud accused Nirav Modi and Mehul Choksi filed by people who have been duped in Gujarat and elsewhere by the duo, and alleged that they were provided "protection at the highest level".
-
PNB Denies Transferring 18,000 Staff After Nirav Modi Scam
Defrauded Rs 11,300 crore ($1.8 billion) allegedly by diamantaire Nirav Modi, state-run Punjab National Bank on Thursday denied media reports that it has transferred close to 18,000 employees on account of the ongoing probe into the scam.
-
"Will Stay In Kanpur": Rotomac Owner Amid Reports Of Leaving Country
After billionaire jewellery designer Nirav Modi, another defaulter Vikram Kothari, the promoter of Rotomac Pen, has denied reports that he has left the country.
-
Increased Private Participation Needed In Banking: Arvind Subramanian
Chief Economic Advisor to the government Arvind Subramanian on Saturday advocated more private participation in public sector banks after the second largest Indian bank Punjab National Bank got hit by massive $1.8 billion fraud and other banks hit by frauds as well.
-
"All Options Are Open," Nirav Modi Said Months Ago About Bank Loans
Nirav Modi's name was, till recently, a stamp of corporate India's growing global prestige. On Hollywood red carpets, his diamonds sparkled on actors and models like Kate Winslet, Dakota Johnson and Rosie Huntington-Whiteley.
-
Nirav Modi And The $1.6 Billion Fraud: What We Know So Far
On Valentine's Day, one of India's biggest banks disclosed an almost $2 billion fraud allegedly by one of the country's richest men, who deals in pearls and diamonds.
