Banks in Losses After Fraud By Vijay Mallya, Mehul Choksi and Nirav Modi Get Crores in Attached Assets from ED
3 years, 6 months ago

Banks in Losses After Fraud By Vijay Mallya, Mehul Choksi and Nirav Modi Get Crores in Attached Assets from ED

News 18  

The Directorate of Enforcement has transferred attached assets worth Rs 8,441.5 crore to public sector banks who suffered losses due to fraud by fugitive businessmen Vijay Mallya, Mehul Choksi and Nirav Modi. “The agency not only seized assets worth Rs 18,170.02 crore in the case of Vijay Mallya, Nirav Modi and Mehul Choksi under PMLA but also transferred a part of attached/seized assets of Rs 9,371.17 crore to the PSBs and central government,” ED said. Elaborating on the development, Union commerce and industries minister Piyush Goyal said, “Bringing economic offenders to book and ensuring recovery of public money, assets worth more than 80% of Bank loss in cases of Vijay Mallya, Nirav Modi and Mehul Choksi have been attached/seized.” Warning fugitives, finance minister Nirmala Sitharaman said that economic offenders will be actively pursued; their properties attached and dues recovered. Fugitives & economic offenders will be actively pursued; their properties attached & dues recovered.#PSBs have already recovered ₹1357 Cr by selling such shares.A total of ₹9041.5 Cr shall be realised by banks through sale of such attached assets.https://t.co/e6F7n8drdl https://t.co/Jw96WlfjHX— Nirmala Sitharaman June 23, 2021 Vijay Mallya, owner of now-defunct Kingfisher Airlines, has been facing the ED probe after his company defaulted on bank loans.

Assets Bank Attached Economic Offenders Nirav Modi Mallya Vijay Mallya Choksi Mehul Choksi  mallya  assets  economic  mehul  modi  offenders  vijay  fraud  crores  ed  rs  banks  attached  nirav  losses  worth  choksi

History of this topic

ED restores Rs 22,000 crore of assets from Vijay Mallya, Nirav Modi: Minister
5 days, 18 hours ago

ED restores Rs 22,000 crore of assets from Vijay Mallya, Nirav Modi: Minister

India Today  

Union Finance Minister Nirmala Sitharaman on Tuesday revealed that the Enforcement Directorate has successfully restored assets worth Rs 22,280 crore to victims and rightful claimants, asserting the government's relentless commitment to combating economic offenders. The Finance Minister pointed out that among the major cases, the ED has recovered properties valued at Rs 14,131.6 crore belonging to fugitive businessman Vijay Mallya, …

Properties worth Rs 22,280 crore of eco-offenders like Mallya, Nirav Modi restored by ED: Nirmala Sitharaman
5 days, 18 hours ago

Properties worth Rs 22,280 crore of eco-offenders like Mallya, Nirav Modi restored by ED: Nirmala Sitharaman

New Indian Express  

NEW DELHI: Finance Minister Nirmala Sitharaman has listed several major cases where the Directorate of Enforcement has from time to time attached properties of individuals and companies connected to economic offence cases. Replying to the debate on Supplementary Demands for Grants - First Batch for 2024-2025, the finance minister apprised the Lok Sabha Tuesday evening that the central enforcement agency …

ED Retrieved Properties Worth Rs 14,131 Cr From Vijay Mallya, 1,052 Cr From Nirav Modi: Nirmala Sitharaman In Lok Sabha
6 days, 6 hours ago

ED Retrieved Properties Worth Rs 14,131 Cr From Vijay Mallya, 1,052 Cr From Nirav Modi: Nirmala Sitharaman In Lok Sabha

ABP News  

Finance Minister Nirma Sitharaman on Tuesday said the Enforcement Directorate has successfully retrieved properties worth Rs 22,280 crores from economic offenders, including Rs 14,131 crore from Vijay Mallya and Rs 1,052 from Nirav Modi. In Vijay Mallya case, 14,131.6 crore has been recovered and the complete amount of the attached property has been restored to the public sector banks." "In …

ED seizes assets worth ₹3.9 crore in money laundering probe
1 week, 3 days ago

ED seizes assets worth ₹3.9 crore in money laundering probe

Hindustan Times  

Mumbai: The Enforcement Directorate has seized movable assets worth approximately ₹3.9 crore during searches in Mumbai, Delhi and Gurgaon as part of its money laundering investigation into Dentsu Communications India Private Limited and Suumaya Industries Ltd and their promoters. The agency's investigation stems from a Worli police case against the accused for allegedly embezzling ₹137 crore from certain non-banking financial …

Mumbai court approves monetisation of ₹2,565.9 crore in properties in Choksi fraud case
1 week, 6 days ago

Mumbai court approves monetisation of ₹2,565.9 crore in properties in Choksi fraud case

Hindustan Times  

Mumbai: A special court in Mumbai on Tuesday permitted the monetisation of properties worth ₹2,565.9 crore that were attached or seized by the Enforcement Directorate since 2018 as part of its money laundering investigation against fugitive diamantaire Mehul Choksi in the alleged Punjab National Bank fraud. Mehul Choksi The court's decision followed an application from the victim banks, Punjab National …

Exclusive: Rs 125 crore in assets returned to victims in Mehul Choksi-PNB scam case
Trending News
1 week, 6 days ago

Exclusive: Rs 125 crore in assets returned to victims in Mehul Choksi-PNB scam case

India Today  

The Enforcement Directorate, Mumbai, has successfully handed over properties worth more than Rs 125 crore to the liquidator of Gitanjali Gems Ltd. Following an application supported by the ED, the Special PMLA Court in Mumbai approved the monetisation of properties worth Rs 2,565.90 crore linked to Mehul Choksi. PROPERTIES HANDED OVER As per the court’s order, ED initiated the transfer …

PNB fraud case: Fugitive Nirav Modi's assets worth ₹29.75 crore attached by ED
3 months, 1 week ago

PNB fraud case: Fugitive Nirav Modi's assets worth ₹29.75 crore attached by ED

Hindustan Times  

The Enforcement Directorate has provisionally attached assets worth ₹29.75 crore belonging to fugitive businessman Nirav Modi, as part of its ongoing investigation into the ₹6,498 crore Punjab National Bank fraud case, officials said on Wednesday. Nirav Modi, the mastermind behind the PNB scam, has been fighting extradition from the UK, where authorities arrested him in 2019. The scam, uncovered in …

₹2,000-crore ‘scam’: Ex-minister Ashu in judicial custody
4 months, 1 week ago

₹2,000-crore ‘scam’: Ex-minister Ashu in judicial custody

Hindustan Times  

The additional sessions court here on Monday sent former Punjab food and civil supplies and consumer affairs minister Bharat Bhushan Ashu to judicial custody in connection with an alleged ₹2,000-crore foodgrain transportation-linked money-laundering case. Bharat Bhushan Ashu Ashu, who was arrested by the ED on August 1, had been in the central agency’s custody since August 2. In August last …

Fresh trouble for Vijay Mallya, CBI issues non-bailable warrant in ₹180-crore loan default case
5 months, 3 weeks ago

Fresh trouble for Vijay Mallya, CBI issues non-bailable warrant in ₹180-crore loan default case

Hindustan Times  

Fugitive businessman Vijay Mallya is now facing a fresh legal action by the Central Bureau of Investigation as a special CBI court issued a non-bailable warrant against him in the ₹180-crore loan default case linked to Indian Overseas Bank. Fugitive businessman Vijay Mallya The CBI, in its warrant, said the now-defunct Kingfisher Airlines promoter caused a wrongful loss of ₹180 …

PM Modi in Kerala: Kerala bank scam victims will get back their money
8 months, 1 week ago

PM Modi in Kerala: Kerala bank scam victims will get back their money

The Hindu  

Prime Minister Narendra Modi, who attended an election campaign of the NDA at Kunnamkulam in Kerala’s Thrissur district on April 15 promised to “return” the investors’ money at Karuvannur Service Co-operative Bank which has been seized by the Enforcement Directorate. The Chief Minister has been lying for the last three years by promising to return the money,” said Mr. Modi. …

’PM Modi looted public’s hard earned money through banks’, alleges Congress chief Mallikarjun Kharge
8 months, 3 weeks ago

’PM Modi looted public’s hard earned money through banks’, alleges Congress chief Mallikarjun Kharge

Live Mint  

Congress chief Mallikarjun Kharge accused Prime Minister Narendra Modi and his government of looting citizen's "hard-earning money through banks". "Modi saheb, banks play a major role in the country's economy, and you have used banks to destroy the unorganized sector and MSMEs.the public's hard-earned money has been looted through banks," he said. In one of three points, Kharge said, "In …

ED attaches immovable assets of a hotel worth ₹44 crores under money laundering case
9 months ago

ED attaches immovable assets of a hotel worth ₹44 crores under money laundering case

The Hindu  

The Enforcement Directorate, Mumbai, on Saturday said that they have provisionally attached immovable properties consisting of 2nd, 3rd, 4th and 5th floor of Hotel One Continent at King Koti Road, Sultan Bajaar, Abids, Hyderabad, to the extent of ₹43.84 crore under the provisions of Prevention of Money Laundering Act, 2002, in loan fraud case of the Punjab and Maharashtra Cooperative …

IDBI official, woman aide arrested in Rs 3.7 cr fraud in Odisha
9 months, 1 week ago

IDBI official, woman aide arrested in Rs 3.7 cr fraud in Odisha

New Indian Express  

BHUBANESWAR: The Economic Offences Wing of Crime Branch arrested two more persons including an IDBI Bank official for their alleged involvement in Rs 3.7 crore fraud. One of the accused Sarojkanta Mohapatra, IDBI’s former Dandamukundapur branch head, was nabbed from Cuttack on Saturday while his accomplice Angel Mishra was arrested from Puri on Sunday. Another accused Tanmay Maharana, the bank’s …

ED attaches assets worth over Rs 315 crore in money laundering case against former Maharashtra NCP MP
1 year, 2 months ago

ED attaches assets worth over Rs 315 crore in money laundering case against former Maharashtra NCP MP

India TV News  

The Enforcement Directorate on Sunday said that it has attached land and other items worth over Rs 315 crore as part of an alleged bank fraud in connection with money laundering probe against a former NCP MP from Maharashtra, his family and businesses. Ishwarlal Shankarlal Jain Lalwani, the former Rajya Sabha Member of Parliament from the Nationalist Congress Party, is …

Land-for-job case: Delhi court grants bail to Lalu Yadav, Rabri Devi, Tejashwi
1 year, 2 months ago

Land-for-job case: Delhi court grants bail to Lalu Yadav, Rabri Devi, Tejashwi

Live Mint  

Delhi Court on Wednesday granted bail to RJD chief Lalu Yadav, former Bihar CM Rabri Devi, deputy CM Tejashwi Yadav, and RJD MP Misa Bharti in connection with the alleged land-for-jobs scam case. The Enforcement Directorate in July this year attached the property of Lalu Prasad Yadav's family in connection with land-for-railway jobs scam case. Assets worth ₹6 crore have …

CBI searches premises of firm in ₹3,847.58-crore cheating case
1 year, 3 months ago

CBI searches premises of firm in ₹3,847.58-crore cheating case

Hindustan Times  

The Central Bureau of Investigation on Saturday carried out searches at four premises linked to a city-based firm and four of its promoters, who are accused of cheating a consortium of banks, led by State Bank of India, of ₹3,847.58 crore. The bank has alleged that the firm, Unity Infraprojects Limited, allegedly diverted the loan money it had obtained from …

Lalu Yadav, family's assets worth Rs 6 crore seized in land-for-jobs scam case
1 year, 4 months ago

Lalu Yadav, family's assets worth Rs 6 crore seized in land-for-jobs scam case

India TV News  

Bihar: In yet another setback for Lalu Prasad Yadav, the Enforcement Directorate has seized assets worth Rs 6 crore of Bihar's former Chief Minister in land-for-job scam case. The assets include Lalu Yadav family properties in Delhi and Patna, including a residential house in New Friends Colony. The ED has recorded the statement of Prasad's wife and former Bihar chief …

PNB moves court, seeks release of Nirav Modi’s properties worth ₹71.16 crore
1 year, 5 months ago

PNB moves court, seeks release of Nirav Modi’s properties worth ₹71.16 crore

Hindustan Times  

The Punjab National Bank on Wednesday filed a petition before the special PMLA court seeking release of fugitive diamond trader Nirav Modi’s properties worth ₹71.16 crore which had been attached by the Enforcement Directorate. PNB moves court, seeks release of Nirav Modi’s properties worth ₹ 71.16 crore The agency is probing the ₹13,850-crore loan fraud at the public sector bank. …

PM Modi Brings Up Extradition of Vijay Mallya, Nirav Modi with UK in Every Meet: Harish Salve
1 year, 5 months ago

PM Modi Brings Up Extradition of Vijay Mallya, Nirav Modi with UK in Every Meet: Harish Salve

News 18  

Prime Minister Narendra Modi has brought up the issue of extradition of fugitives Vijay Mallya and Nirav Modi in every India-UK trade related meeting, senior Advocate Harish Salve has revealed. “The British always complain that the moment we have a meeting, the first question PM Modi asks is, where are Vijay Mallya and Nirav Modi?” Salve said in an interview …

Only Mehul Choksi, Nirav Modi and Vijay Mallya now left to be inducted into BJP: Shiv Sena (UBT)
1 year, 5 months ago

Only Mehul Choksi, Nirav Modi and Vijay Mallya now left to be inducted into BJP: Shiv Sena (UBT)

The Hindu  

Days after Nationalist Congress party leader Ajit Pawar joined the Maharashtra government, the Shiv Sena on July 5 claimed that only alleged economic offenders Mehul Choksi, Nirav Modi and Vijay Mallya were left to be inducted into the BJP. Maharashtra NCP crisis | Post-Ajit Pawar’s rebellion, president Sharad Pawar stages massive show of strength in Satara On Sunday, Ajit Pawar …

Bank fraud case: ED attaches properties worth ₹24.94 cr of Ludhiana-based firm
1 year, 5 months ago

Bank fraud case: ED attaches properties worth ₹24.94 cr of Ludhiana-based firm

Hindustan Times  

Directorate of Enforcement has provisionally attached properties worth ₹24.94 crore of director of Ludhiana-based Pure Milk Products Private Limited Charanjit Singh Bajaj and guarantor Gurdeep Kaur in connection with a bank fraud case. The properties attached include land and building of the firm situated at village Alamgir, Malerkotla Road in Ludhiana and various immovable properties in the name of both …

ED seizes assets worth over Rs 121 crore in Pune bank fraud case
1 year, 7 months ago

ED seizes assets worth over Rs 121 crore in Pune bank fraud case

India Today  

The Enforcement Directorate has provisionally attached 47 immovable properties worth Rs 121.81 crore in Pune and movable assets worth Rs 54.25 lakh of Devi Concrete Products under the provisions of the Prevention of Money Laundering Act, 2002. The ED initiated the PMLA investigation based on a predicate FIR at Pune’s Vimantal Police station against Vinay Aranha of the Rosary Education …

CBI books Raigad-based firm for ₹1,017.93-crore loss to bank consortium
1 year, 7 months ago

CBI books Raigad-based firm for ₹1,017.93-crore loss to bank consortium

Hindustan Times  

Mumbai: The Central Bureau of Investigation recently registered a case against a Raigad-based steel processing firm and its directors for allegedly causing a loss of ₹1,017.93 crore to a State Bank of India -led bank consortium in the form of unpaid loans. The SBI, which is the complainant in the case, alleged that the firm had siphoned off a portion …

₹11-crore coin fraud case: CBI searches 5 locations in Punjab’s Faridkot
1 year, 8 months ago

₹11-crore coin fraud case: CBI searches 5 locations in Punjab’s Faridkot

Hindustan Times  

Central Bureau of Investigation on Thursday conducted searches at five locations in Faridkot district’s Jaitu subdivision in connection with an alleged fraud case wherein coins worth ₹11 crore had gone missing from the vaults of a State Bank of India branch in Rajasthan’s Karauli. Central Bureau of Investigation on Thursday conducted searches at five locations in Faridkot district’s Jaitu subdivision …

Vijay Mallya Had Funds to Repay Banks Before Fleeing, Chose to Buy 'Assets Worth Rs 330 Cr Abroad'
1 year, 9 months ago

Vijay Mallya Had Funds to Repay Banks Before Fleeing, Chose to Buy 'Assets Worth Rs 330 Cr Abroad'

News 18  

The Central Bureau of Investigation in its supplementary chargesheet filed in a Mumbai court has said that beleaguered businessman Vijay Mallya had enough funds with him to repay banks before he fled, but used that money to buy properties abroad instead. The CBI in its supplementary chargesheet said Vijay Mallya bought properties worth Rs 330 crore in England and France …

Vijay Mallya bought properties worth ₹330 crore in England, France: CBI
1 year, 9 months ago

Vijay Mallya bought properties worth ₹330 crore in England, France: CBI

Live Mint  

Vijay Mallya bought properties worth ₹330 crore in England and France during 2015-16 even as his Kingfisher Airlines was facing a cash crunch at that time and banks had not recovered the loans defaulted by the liquor baron, the CBI has claimed in its supplementary chargesheet filed in a court here. Mallya is an accused in the alleged over ₹900 …

Interpol takes down Red Notice against Mehul Choksi
1 year, 9 months ago

Interpol takes down Red Notice against Mehul Choksi

The Hindu  

In a major setback to Indian agencies, the Interpol has taken down from its website the Red Notice against fugitive diamond merchant Mehul Choksi, who is wanted in connection with the ₹13,578-crore Punjab National Bank fraud cases. The Interpol took the decision following a representation by Mr. Choksi, who has been declared a fugitive by an Indian court, based on …

Mehul Choksi off Interpol's wanted list, can travel freely across world
1 year, 9 months ago

Mehul Choksi off Interpol's wanted list, can travel freely across world

India Today  

Interpol has withdrawn the Red Corner Notice issued against fugitive businessman Mehul Choksi. Mehul Choksi had recently filed a petition before the Antigua High Court making the Indian government respondents in the case. Mehul Choksi and his nephew Nirav Modi are accused of orchestrating India's biggest banking fraud, which is estimated to be around $2 billion. Also Read | CBI …

Bengal Teachers' Recruitment Scam: CBI Files Fresh FIR To Probe Irregularities By Primary Education Board
1 year, 9 months ago

Bengal Teachers' Recruitment Scam: CBI Files Fresh FIR To Probe Irregularities By Primary Education Board

ABP News  

The Central Bureau of Investigation has filed a fresh FIR into the allegation of irregularities in the recruitment of primary school teachers by the West Bengal Board of Primary Education, as reported by the news agency ANI. In October 2022, ED arrested Trinamool Congress MLA, and Ex-President of WBBPE Manik Bhattacharya in the case pertaining to the teachers' recruitment scam …

Enforcement Directorate seizes ₹1.21 crore cash, jewellery worth ₹5.51 crore after raids in investment fraud case
1 year, 9 months ago

Enforcement Directorate seizes ₹1.21 crore cash, jewellery worth ₹5.51 crore after raids in investment fraud case

The Hindu  

The Enforcement Directorate on March 6 said it has seized ₹1.21 crore cash and gold and diamond jewellery worth more than ₹5 crore after it raided some Nagpur-based persons in a money-laundering case linked to alleged investment fraud that cheated numerous investors. The money-laundering case stems from a Nagpur Police FIR field against Pankaj Nandlal Mehadia, Lokesh Santosh Jain, Kartik …

ICICI loan fraud case: Court extends CBI custody of Kochhars, Venugopal Dhoot
1 year, 11 months ago

ICICI loan fraud case: Court extends CBI custody of Kochhars, Venugopal Dhoot

Deccan Chronicle  

New Delhi: The Central Bureau of Investigation court on Wednesday granted two days more of custody to the CBI of three accused -Chanda Kochhar, Deepak Kochhar and Venugopal Dhoot- in the alleged ICICI bank-Videocon money laundering case. In the alleged fraud case, CBI had sought custody of Videocon chairman Venugopal Dhoot, Former Managing Director and CEO of ICICI bank Chanda …

Fresh FIRs against Mehul Choksi in PNB bank loan fraud case
2 years ago

Fresh FIRs against Mehul Choksi in PNB bank loan fraud case

Op India  

The Central Bureau of Investigation on Friday filed three fresh FIRs against fugitive diamantaire Mehul Choksi and two jewellery brands, Nakshatra Brands Limited and Gitanjali Gems Limited. The FIRS were against Nakshatra Brands Ltd and Gitanjali Gems Ltd, Mehul Choksi, who is the managing director of Gitanjali Gems Ltd and guarantor for Nakshatra Brands Ltd; Dhanesh Vrajlal Sheth, director of …

CBI Files Fresh FIRs Against Fugitive Mehul Choksi, Jewellery Brands Gitanjali and Nakshatra in Rs 6,700 Cr Bank Fraud Case
2 years ago

CBI Files Fresh FIRs Against Fugitive Mehul Choksi, Jewellery Brands Gitanjali and Nakshatra in Rs 6,700 Cr Bank Fraud Case

News 18  

The Central Bureau of Investigation on Friday filed three fresh FIRs against fugitive businessman Mehul Choksi, and jewellery brands Gitanjali and Nakshatra. The FIRs were filed on a complaint from the Punjab National Bank bringing to light an additional Rs 6,746 crore loss incurred by it and other consortium banks, officials said. Four years after his dramatic escape and failure …

CBI registers fresh FIRs against Mehul Choksi in Rs 6,000 crore fraud case
2 years ago

CBI registers fresh FIRs against Mehul Choksi in Rs 6,000 crore fraud case

India Today  

The Central Bureau of Investigation has registered two fresh FIRs against fugitive diamentaire Mehul Choksi and two jewellery brands--Nakshatra Brands Limited and Gitanjali Gems Limited--for defrauding a consortium of banks of over Rs 6,000 crore. CBI officials received complaints from Vijay Kumar Wadhwa, deputy general manager of the zonal office of the Punjab National Bank in Mumbai, against Nakshatra Brands …

CBI court seeks bank account details of Nirav Modi's brother-in-law from Singapore
2 years ago

CBI court seeks bank account details of Nirav Modi's brother-in-law from Singapore

India Today  

A special CBI court in Mumbai has issued a request to authorities in Singapore seeking details of the bank account of Mainak Mehta, the brother-in-law of fugitive diamantaire Nirav Modi. Mehta stated that he had only known about the Enforcement Directorate case, and that the husband-and-wife duo had informed the court dealing with the ED case, the PMLA court, that …

Explained: How Nirav Modi scammed Punjab National Bank for Rs 14,000 crore
2 years, 1 month ago

Explained: How Nirav Modi scammed Punjab National Bank for Rs 14,000 crore

Firstpost  

Nirav Modi and his uncle, Mehul Choksi, created a complex web of deception through fraudulent Letters of Undertaking to siphon off Rs 14,000 crore from state-owned Punjab National Bank New Delhi: 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 …

Indian tycoon Nirav Modi loses extradition appeal in UK
2 years, 1 month ago

Indian tycoon Nirav Modi loses extradition appeal in UK

Associated Press  

LONDON — Diamond tycoon Nirav Modi on Wednesday lost an appeal of a British court’s ruling that he should be extradited from the U.K. to India to face allegations he was involved in a $1.8 billion bank fraud. Two High Court judges upheld a lower court’s ruling that the fugitive jeweler has a case to answer before Indian courts and …

ED attaches assets of slain gangster Vikas Dubey, aides in money laundering case
2 years, 1 month ago

ED attaches assets of slain gangster Vikas Dubey, aides in money laundering case

Firstpost  

A provisional order has been issued under the Prevention of Money Laundering Act for attaching a total of 28 immovable properties that are located in Kanpur and Lucknow New Delhi: Assets worth more than Rs 10 crore of slain Uttar Pradesh gangster Vikas Dubey, his family and associates have been attached under the anti-money laundering law, the Enforcement Directorate said …

ED to confiscate Nirav Modi's properties worth Rs 500 crores
2 years, 2 months ago

ED to confiscate Nirav Modi's properties worth Rs 500 crores

India Today  

A special court in Mumbai has allowed the Enforcement Directorate to confiscate 39 properties of fugitive diamantaire Nirav Modi. Advocates Hiten Venegaokar and Arvind Aghav appearing for ED, had argued for confiscation of Modi's 48 properties, valued at Rs 929 crores, under the Fugitive Economic Offenders Act. However, PNB which is at the centre of the scam and had faced …

Honour extradition treaty, don't pick holes: UK Court in Nirav Modi case
2 years, 2 months ago

Honour extradition treaty, don't pick holes: UK Court in Nirav Modi case

India Today  

The high court in London on Wednesday held that since India is a “friendly foreign power”, the UK must not pick holes in the assurances by the Indian government that Nirav Modi will be provided with adequate medical assistance. Hearing Nirav Modi’s plea against extradition to India, the court said, “India is a “friendly foreign power” and the UK must …

PNB scam case: Former V-P of Mehul Choksi's Gitanjali Group gets bail
2 years, 4 months ago

PNB scam case: Former V-P of Mehul Choksi's Gitanjali Group gets bail

India Today  

The Bombay High Court on Thursday granted bail to Vipul Chitalia, former vice-president of Mehul Choksi-promoted Gitanjali Group and an accused in the multi-crore Punjab National Bank scam. However, Aggarwal pointed to the ground of parity where he stated that Chitalia's co-accused, who signed the LOUs with him, was granted bail soon after the first chargesheet was filed in the …

ED attaches gems, bank deposits worth over Rs 253 crore of Nirav Modi group in Hong Kong
2 years, 5 months ago

ED attaches gems, bank deposits worth over Rs 253 crore of Nirav Modi group in Hong Kong

Firstpost  

Nirav Modi, is presently lodged in a UK jail and has lost his extradition plea to India in connection with the USD 2-billion PNB fraud case that is being investigated by the CBI New Delhi: The Enforcement Directorate Friday said it has attached gems, jewellery and bank deposits worth Rs 253.62 crore of some Hong Kong-based companies of fugitive diamond …

ED Attaches Gems, Bank Deposits Worth Over Rs 253 Crore of Nirav Modi Group
2 years, 5 months ago

ED Attaches Gems, Bank Deposits Worth Over Rs 253 Crore of Nirav Modi Group

The Quint  

The ED said the extradition proceedings are at "final stage in London, UK." It said that with the latest attachment, the total seizure of assets against Nirav Modi stands at Rs 2,650.07 crore. "Also, movable and immovable assets of Nirav Modi and his associates amounting to Rs 1,389 crore have been confiscated under provisions of the Fugitive Economic Offenders Act, …

Gems, jewellery among Nirav Modi's Rs 250 crore assets attached by ED
2 years, 5 months ago

Gems, jewellery among Nirav Modi's Rs 250 crore assets attached by ED

India Today  

The Enforcement Directorate has attached properties, jewellery and bank balances, amounting to Rs 253.62 crore, belonging to fugitive jeweler Nirav Modi under the Prevention of Money Laundering Act. Some assets of Nirav Modi were identified in the form of gems and jewellery lying in private vaults and bank balances in accounts maintained there and these have been provisionally attached under …

ED attaches Nirav Modi’s movable properties worth ₹253 cr
2 years, 5 months ago

ED attaches Nirav Modi’s movable properties worth ₹253 cr

Live Mint  

The Enforcement Directorate has attached movable properties like gems, jewellery and bank balances amounting to ₹253.62 crore in the case of Nirav Modi group of companies in Hong Kong, the agency said on Friday. If Modi wins this appeal hearing in the High Court, he cannot be extradited unless the Indian government is successful in getting permission to appeal at …

ED arrests Jharkhand CM's close aide Pankaj Mishra in PMLA case
2 years, 5 months ago

ED arrests Jharkhand CM's close aide Pankaj Mishra in PMLA case

Op India  

The Enforcement Directorate on Tuesday, 19th of July, arrested Pankaj Mishra, a close aide of Jharkhand Chief Minister Hemant Soren in connection with the money laundering case related to alleged illegal mining in Ranchi. ED arrested Pankaj Mishra, the MLA representative of Chief Minister Jharkhand, Hemant Soren, in a money laundering case related to alleged illegal mining: Sources — ANI …

ED seizes ₹11.88 crore from Jharkhand CM Soren’s aide Pankaj Mishra, others
2 years, 5 months ago

ED seizes ₹11.88 crore from Jharkhand CM Soren’s aide Pankaj Mishra, others

The Hindu  

The Enforcement Directorate on Friday said it has seized ₹11.88 crore of cash kept in bank accounts of Pankaj Mishra, the political representative of Jharkhand Chief Minister Hemant Soren, and others as part of a money laundering investigation into alleged illegal mining in the State. "Cash amounting to Rs 11.88 crore lying in 37 bank accounts belonging to Pankaj Mishra, …

CBI files fresh case against Mehul Choksi for defrauding Canara Bank of Rs 55 crore
2 years, 5 months ago

CBI files fresh case against Mehul Choksi for defrauding Canara Bank of Rs 55 crore

India Today  

The Central Bureau of Investigation has filed a fresh case against diamond trader and fugitive Mehul Choksi for defrauding a Canada Bank-led consortium to the tune of Rs 55 crore, officials said. According to the FIR, Canara Bank and Bank of Maharashtra had sanctioned Rs 30 Crores and Rs 25 crore, respectively, as working capital facility under a consortium arrangement …

List of Fugitive Economic Offenders in India: Vijay Mallya, Nirav Modi, others
2 years, 5 months ago

List of Fugitive Economic Offenders in India: Vijay Mallya, Nirav Modi, others

Live Mint  

On July 11, the Supreme Court handed down a four-month term in a contempt case against fugitive tycoon Vijay Mallya, who was charged in a bank loan default case involving his disbanded Kingfisher Airlines and a debt of over ₹9,000 crore. Nirav Modi Jeweller and fashion designer Nirav Modi is charged with defrauding Punjab National Bank of ₹14,000 crore in …

As India’s biggest bank fraud is unearthed, a look at the DHFL case and other big bank frauds in the country
2 years, 5 months ago

As India’s biggest bank fraud is unearthed, a look at the DHFL case and other big bank frauds in the country

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Former promoters of Dewan Housing Finance Ltd are among 13 accused who have been arrested for defrauding a consortium of 17 banks of Rs 34,615 crore The CBI has booked former CMD Kapil Wadhawan and director Dheeraj Wadhawan of Dewan Housing Finance Ltd in the “biggest” banking fraud in India. The audit of DHFL account books showed that the company …

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