Rediff HomeBUSINESS
The great PNB fraud

pnb-fraud-2018

13 candidates in fray for PNB top job
13 candidates in fray for PNB top job

At least 13 candidates are in the race for the position of managing director...

ED attaches fresh assets of Nirav Modi
ED attaches fresh assets of Nirav Modi

The Enforcement Directorate on Wednesday said it has attached fresh assets...

Mehul Choksi on why he has not returned to India
Mehul Choksi on why he has not returned to India

Diamantaire Mehul Choksi, a key accused in the multi-crore PNB scam, has told...

I could be in UK for years, Nirav Modi to court
I could be in UK for years, Nirav Modi to court

Nirav Modi, the fugitive diamond merchant wanted in India to stand trial on...

Terror suspect escapes from jail that lodges Nirav Modi
Terror suspect escapes from jail that lodges Nirav Modi

Former British Army soldier Daniel Abed Khalife, 21, who was awaiting trial...

'Nirav Modi' means...: Kharge defends Adhir in RS
'Nirav Modi' means...: Kharge defends Adhir in RS

Chowdhury, the leader of the Congress in Lok Sabha, was suspended on Thursday...

More »
Sebi issues Rs 5.35-cr demand notice to Mehul Choksi

Sebi on Thursday sent a notice to fugitive businessman Mehul Choksi asking...

SAT stays Sebi ban on Samir Jain, wife, 6 others

The Securities Appellate Tribunal (SAT) has stayed the ban imposed by the...

Am I a terrorist or Nirav Modi?: Mehbooba's daughter

She said she was an "Indian citizen and a law abiding citizen" and has not...

FinMin's promptness helped Nirav Modi extradition case

Prompt measures and legal actions taken by the Indian government and PNB...

UK okays Nirav Modi extradition, has 14 days to appeal

The United Kingdom's home department has cleared the extradition of fugitive...

Mallya, Nirav Modi, Choksi coming back to face law: FM

Finance Minister Nirmala Sitharaman on Thursday said that fugitive...

Will Nirav Modi be finally extradited to India?

If his attempt to have his appeal heard in the Supreme Court fails, in...

Nirav Modi faces extradition; loses appeal in UK court

Diamond merchant Nirav Modi on Wednesday lost his appeal against extradition...

Nirav Modi 'only thinks of hanging if extradited'

The high court in London on Tuesday began hearing evidence from two leading...

Nirav Modi's long road to extradition

The diamond merchant wanted in India on charges of fraud and money laundering...

PNB scam: Nirav Modi to know his fate on Thu

Wanted diamond merchant Nirav Modi, who remains behind bars in a London...

Nirav Modi's remand extended till Feb 25

Wanted diamond merchant Nirav Modi appeared via videolink from his London...

Nirav Modi extradition appeal to be heard on June 28

The continuation appeal hearing in the extradition case of Nirav Modi, the...

How Mehul Choksi got Rs 25 crore loan from IFCI

The CBI has filed a fresh case against absconding diamantaire Mehul Choksi,...

Egypt deports key official of Nirav Modi's firm

Subhash Shankar Parab, a key accused in the Rs 7,000 crore diamantaire Nirav...

Nirav Modi's brother charged in $2.6 m fraud in US

Nehal, 41, is charged in a New York Supreme Court indictment with Grand...

Nirav Modi's remand extended, final hearings in 2021

Nirav Modi, wanted in connection with the estimated $2-billion Punjab...

How banking system changed post Nirav Modi scam

'If you give your ID and password to somebody else, how can anybody blame the...

UK court to hear Nirav Modi extradition case on Dec 14

Nirav Modi, the fugitive diamond merchant wanted in India to face charges of...

US court rejects Nirav Modi plea against fraud charge

In a major blow to Nirav Modi, a bankruptcy court in the US has rejected a...

Rs 500-cr assets of Nirav Modi firms restored to PNB

A special court here on Friday allowed 'restoration' of properties worth Rs...

Will PNB acquire beleaguered Lakshmi Vilas Bank?

PNB has rich experience in the integration of commercial banks.

UK case: NiMo's mental health, Indian prisons in focus

The third day of the five-day hearing at Westminster Magistrates' Court,...

Will Nirav Modi be extradited to India by end of 2020?

Modi is subject to two sets of criminal proceedings, the first brought by the...

Glimmers of Choksi's 'empire' that was built on fraud

Despite recent developments that have accelerated the impending extradition...

Nirav Modi renews UK extradition appeal

The 50-year-old jeweller, who remains behind bars at Wandsworth Prison in...

Why Mehul Choksi is not returning anytime soon

It was perhaps over-enthusiasm that prompted the Indian investigative...

Nirav Modi's trial will start from Sep 7

Besides, completing the arguments on establishing a prima facie case against...

PNB ready to disburse Rs 16,000 crore in loans

'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000...

Nirav Modi-like scam involving BJP's Kamboj surfaces

CBI has registered a case against general secretary of Mumbai BJP Mohit...

'Choksi's quest was to do something big, dramatic'

Given how everything has played out, Mehul Choksi, now 62, achieved all that...

Dominica HC denies Mehul Choksi bail

Currently, Choksi has got interim relief from immediate repatriation to India...

Choksi was planning to go to Cuba: Barbara Jabarica

"Well, he never used words like escape or shared with me such a plan like...

Nirav Modi extradition case adjourned till September

The charges against the diamond merchant centre around his firms Diamonds R...

Indian govt submits more proof against Nirav Modi

District Judge Samuel Goozee expressed his concern at the late submission of...

Nirav Modi's extradition trial to begin on May 11

The five-day extradition trial of fugitive diamond merchant Nirav Modi will...

'India sent Choksi deportation papers to Dominica'

The Dominica high court has stayed the removal of Choksi from its soil and...

Dominica plans to repatriate Mehul Choksi to Antigua

The case of fugitive diamantaire Mehul Choksi is proving to be a hot potato...

Fugitive diamantaire Mehul Choksi captured in Dominica

Police in Dominica captured Choksi on Tuesday night (local time) after an...

PNB's UK arm loses case in $45-million deceit claim

The issue in contention was whether the High Court of England and Wales...

Funds swindled by Nirav Modi could be much higher

Only 40 per cent of the forensic information required was made available by...

Court declares Nirav Modi a fugitive economic offender

Modi is the second businessman after liquor tycoon Vijay Mallya to be...

FinMin's promptness helped Nirav Modi extradition case

Prompt measures and legal actions taken by the Indian government and PNB...

UK okays Nirav Modi extradition, has 14 days to appeal

The United Kingdom's home department has cleared the extradition of fugitive...

Mallya, Nirav Modi, Choksi coming back to face law: FM

Finance Minister Nirmala Sitharaman on Thursday said that fugitive...

Nirav Modi's long road to extradition

The diamond merchant wanted in India on charges of fraud and money laundering...

PNB scam: Nirav Modi to know his fate on Thu

Wanted diamond merchant Nirav Modi, who remains behind bars in a London...

Nirav Modi's remand extended till Feb 25

Wanted diamond merchant Nirav Modi appeared via videolink from his London...

Nirav Modi's brother charged in $2.6 m fraud in US

Nehal, 41, is charged in a New York Supreme Court indictment with Grand...

Nirav Modi's remand extended, final hearings in 2021

Nirav Modi, wanted in connection with the estimated $2-billion Punjab...

How banking system changed post Nirav Modi scam

'If you give your ID and password to somebody else, how can anybody blame the...

Will PNB acquire beleaguered Lakshmi Vilas Bank?

PNB has rich experience in the integration of commercial banks.

UK case: NiMo's mental health, Indian prisons in focus

The third day of the five-day hearing at Westminster Magistrates' Court,...

Will Nirav Modi be extradited to India by end of 2020?

Modi is subject to two sets of criminal proceedings, the first brought by the...

Nirav Modi's trial will start from Sep 7

Besides, completing the arguments on establishing a prima facie case against...

PNB ready to disburse Rs 16,000 crore in loans

'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000...

Nirav Modi-like scam involving BJP's Kamboj surfaces

CBI has registered a case against general secretary of Mumbai BJP Mohit...

Nirav Modi extradition case adjourned till September

The charges against the diamond merchant centre around his firms Diamonds R...

Indian govt submits more proof against Nirav Modi

District Judge Samuel Goozee expressed his concern at the late submission of...

Nirav Modi's extradition trial to begin on May 11

The five-day extradition trial of fugitive diamond merchant Nirav Modi will...

PNB's UK arm loses case in $45-million deceit claim

The issue in contention was whether the High Court of England and Wales...

Funds swindled by Nirav Modi could be much higher

Only 40 per cent of the forensic information required was made available by...

Court declares Nirav Modi a fugitive economic offender

Modi is the second businessman after liquor tycoon Vijay Mallya to be...