Punjab National Bank Pnb Fraud
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Nirav Modi To Remain In Custody In UK Prison Until September 19
Fugitive diamond merchant Nirav Modi, wanted in India in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, was on Thursday further remanded to judicial custody until September 19.
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Nirav Modi's Extradition Trial Likely In May Next Year
Fugitive diamond merchant Nirav Modi, wanted in India in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, was on Thursday further remanded to judicial custody until August 22, when he will appear once again via video link from his London prison cell.
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Court Orders Nirav Modi, Aides To Pay Over Rs 7,200 Crore, With Interest
The Debt Recovery Tribunal in Pune on Saturday directed fugitive diamond merchant Nirav Modi, who is currently lodged in a London prison, and his aides to pay more than Rs 7,200 crore with interest to the defrauded Punjab National Bank.
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Nirav Modi "Not The Hardened Criminal" As India Claims, Says His Lawyer
The UK High Court on Tuesday began hearing fugitive diamond merchant Nirav Modi's appeal against a lower court's order to deny him bail as he fights his extradition from Britain to India in the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.
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Nirav Modi To Be Produced In UK Court Tomorrow In Extradition Case
Fugitive diamond merchant Nirav Modi is set to be produced before a court in London on Thursday as he fights his extradition to India in the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.
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Former MD Of Punjab National Bank Aware Of Fraud, Says CBI
Former MD and CEO of the Punjab National Bank Usha Ananthasubramanian and some other senior bank officials were aware of the "fraudulent" dealings with diamond merchant Nirav Modi but kept "misleading" the RBI, the CBI has alleged in its charge sheet.
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Take Rest PNB, You've Done Enough
Other than the embarrassment of asking the country's second-largest state-run lender to, well, stop lending, there's no other reason why India should allow Punjab National Bank to advance even one rupee to anybody except the government.
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Banks Barred From Issuing Credit Guarantees After PNB Fraud: Latest Developments
In a major clampdown on banks after the Punjab National Bank (PNB)-Nirav Modi case, the Reserve Bank of India (RBI) on Tuesday barred banks from issuing letters of undertaking (LoUs) even as fresh details emerged about possibly the biggest fraud in India's banking history. Besides, the government revealed on Tuesday that alleged fraudster Mr Modi, ...
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PNB Fraud Overlooked At Several Levels, Say Bank Employees Union
The staggering Rs 11,300 crore fraud unearthed in the Punjab National Bank last week, was "overlooked at multiple auditing and regulatory levels, compounding it to a point of no return", said a prominent banking industry union on Thursday.
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PNB Fraud: UCO Bank Says Has About Rs 2,636 Crore Exposure
In the fraud incident, Union Bank of India and Allahabad Bank have outstanding exposure of about $300 million and $366.87 million respectively.
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10 Facts About Nirav Modi, The Man At The Centre Of PNB Fraud
Nirav Modi, the name on glossy billboards promising exclusive diamond jewellery, is now at the centre of a colossal banking scandal involving fraud worth Rs 11,000 crore. Punjab National Bank has said that its own officials violated rules and put out illegal guarantee documents to help the celebrity jeweler secure credit from banks abroad. Last mon...
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Nirav Modi To Remain In Custody In UK Prison Until September 19
Fugitive diamond merchant Nirav Modi, wanted in India in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, was on Thursday further remanded to judicial custody until September 19.
-
Nirav Modi's Extradition Trial Likely In May Next Year
Fugitive diamond merchant Nirav Modi, wanted in India in connection with the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case, was on Thursday further remanded to judicial custody until August 22, when he will appear once again via video link from his London prison cell.
-
Court Orders Nirav Modi, Aides To Pay Over Rs 7,200 Crore, With Interest
The Debt Recovery Tribunal in Pune on Saturday directed fugitive diamond merchant Nirav Modi, who is currently lodged in a London prison, and his aides to pay more than Rs 7,200 crore with interest to the defrauded Punjab National Bank.
-
Nirav Modi "Not The Hardened Criminal" As India Claims, Says His Lawyer
The UK High Court on Tuesday began hearing fugitive diamond merchant Nirav Modi's appeal against a lower court's order to deny him bail as he fights his extradition from Britain to India in the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.
-
Nirav Modi To Be Produced In UK Court Tomorrow In Extradition Case
Fugitive diamond merchant Nirav Modi is set to be produced before a court in London on Thursday as he fights his extradition to India in the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.
-
Former MD Of Punjab National Bank Aware Of Fraud, Says CBI
Former MD and CEO of the Punjab National Bank Usha Ananthasubramanian and some other senior bank officials were aware of the "fraudulent" dealings with diamond merchant Nirav Modi but kept "misleading" the RBI, the CBI has alleged in its charge sheet.
-
Take Rest PNB, You've Done Enough
Other than the embarrassment of asking the country's second-largest state-run lender to, well, stop lending, there's no other reason why India should allow Punjab National Bank to advance even one rupee to anybody except the government.
-
Banks Barred From Issuing Credit Guarantees After PNB Fraud: Latest Developments
In a major clampdown on banks after the Punjab National Bank (PNB)-Nirav Modi case, the Reserve Bank of India (RBI) on Tuesday barred banks from issuing letters of undertaking (LoUs) even as fresh details emerged about possibly the biggest fraud in India's banking history. Besides, the government revealed on Tuesday that alleged fraudster Mr Modi, ...
-
PNB Fraud Overlooked At Several Levels, Say Bank Employees Union
The staggering Rs 11,300 crore fraud unearthed in the Punjab National Bank last week, was "overlooked at multiple auditing and regulatory levels, compounding it to a point of no return", said a prominent banking industry union on Thursday.
-
PNB Fraud: UCO Bank Says Has About Rs 2,636 Crore Exposure
In the fraud incident, Union Bank of India and Allahabad Bank have outstanding exposure of about $300 million and $366.87 million respectively.
-
10 Facts About Nirav Modi, The Man At The Centre Of PNB Fraud
Nirav Modi, the name on glossy billboards promising exclusive diamond jewellery, is now at the centre of a colossal banking scandal involving fraud worth Rs 11,000 crore. Punjab National Bank has said that its own officials violated rules and put out illegal guarantee documents to help the celebrity jeweler secure credit from banks abroad. Last mon...
