PNB fraud: 'Passports of Nirav Modi, Mehul Choksi revoked'
7 years, 1 month ago

PNB fraud: 'Passports of Nirav Modi, Mehul Choksi revoked'

India TV News  

The Minister of External Affairs sources today said that passports of fugitive jewellery designer Nirav Modi and his business partner Mehul Choksi, two of the accused in the Rs 11,400-cr PNB fraud, have been revoked, PTI reported. "Since they have not responded so far, their passports have been revoked," a senior ministry source said, noting that in its notice to Modi and Choksi, the ministry had made it clear that their passports would be cancelled if they failed to respond. Earlier today, the Enforcement Directorate attached 21 properties, including a penthouse and a farmhouse, of Nirav Modi and his group worth over Rs 523 crore in fresh action against the beleaguered jeweller. The agency said it has issued a provisional order for attachment of the assets, under the Prevention of Money Laundering Act, and seized a Rs 81.16 crore valued penthouse and a flat worth Rs 15.45 crore in the sea-facing Samudra Mahal apartments in the Worli area of Mumbai.

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History of this topic

CBI names Nirav Modi’s sister in supplementary charge sheet
4 days, 4 hours ago

CBI names Nirav Modi’s sister in supplementary charge sheet

Hindustan Times  

PNB fraud: Nirav Modi MUMBAI: The Central Bureau of Investigation on Monday filed the third supplementary charge sheet in the multi-crore fraud at Punjab National Bank case, naming Purvi Modi, sister of fugitive diamond trader Nirav Modi, and a certain Aditya Nanavati as accused in the case. It is claimed that Purvi was a director in Dubai and Hong Kong …

Fresh trouble for Lalit Modi as Vanuatu issues cancellation of his passport
2 weeks, 5 days ago

Fresh trouble for Lalit Modi as Vanuatu issues cancellation of his passport

New Indian Express  

NEW DELHI: In a major setback to fugitive billionaire and Indian Premier League founder Lalit Modi, the Pacific Island country of Vanuatu, where he has sought refuge, has on Monday announced the revocation of his passport. "I have been made aware in the past 24 hours that Interpol twice rejected Indian authorities’ requests to issue an alert notice on Mr …

PNB fraud: ED attaches fugitive Nirav Modi’s properties, bank balance worth ₹29.75 crore
6 months, 2 weeks ago

PNB fraud: ED attaches fugitive Nirav Modi’s properties, bank balance worth ₹29.75 crore

Live Mint  

The Enforcement Directorate on Wednesday said it has provisionally attached “proceeds of crime” in the form of immovable properties and bank balances amounting to ₹29.75 crore in a case related to Punjab National Bank fraud by fugitive businessman Nirav Modi. In a statement, the ED said: “During course of investigation, assets worth ₹29.75 Crore of Nirav Modi & his group …

PNB fraud case: Fugitive Nirav Modi's assets worth ₹29.75 crore attached by ED
6 months, 2 weeks 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 …

Maharashtra: Passport office revokes 42 Indian passports illegally procured by Bangladeshi infiltrators
8 months, 3 weeks ago

Maharashtra: Passport office revokes 42 Indian passports illegally procured by Bangladeshi infiltrators

Op India  

The fact that Bangladeshis are residing illegally in Maharashtra has come to the fore numerous times. On 2nd July, the Regional Passport Office in Pune invalidated up to 42 Indian passports that were reportedly obtained by Bangladeshis by submitting fake documents, according to the information obtained from the Pimpri Chinchwad authorities. An inquiry found that multiple Bangladeshis were assisted in …

PNB scam: 'How can I return if my passport is suspended?' asks fugitive Mehul Choksi
10 months ago

PNB scam: 'How can I return if my passport is suspended?' asks fugitive Mehul Choksi

India Today  

Diamantaire Mehul Choksi, a key accused in the multi-crore Punjab National Bank scam, has told a special court in Mumbai that he hasn't been able to return to India “due to reasons beyond his control” and hence cannot be declared a “fugitive economic offender”. has been suspended for the reason of ‘Security Threat to India.’ The same will show that …

PNB moves court, seeks release of Nirav Modi’s properties worth ₹71.16 crore
1 year, 8 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. …

PNB scam: PMLA court grants bail to Nirav Modi’s close aide
1 year, 11 months ago

PNB scam: PMLA court grants bail to Nirav Modi’s close aide

Hindustan Times  

MUMBAI: A special PMLA court in the city on Tuesday granted bail to Subhash Parab, a close aide of fugitive diamantaire Nirav Modi, observing that the main beneficiary of the proceeds of crime is still beyond the reach of the law enforcement agencies even after five years of registration of the case. PNB scam: PMLA court grants bail to Nirav …

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

PNB Scam : Nirav Modi's Brother-in-Law Agrees Before Supreme Court To Give Authorisation To CBI For Bank Accounts
2 years, 1 month ago

PNB Scam : Nirav Modi's Brother-in-Law Agrees Before Supreme Court To Give Authorisation To CBI For Bank Accounts

Live Law  

The Supreme Court on Thursday directed the Bombay High Court to consider afresh the plea of Nirav Modi’s brother-in-law Mainak Mehta to travel back to his home in Hong Kong. The bench comprising Chief Justice DY Chandrachud, Justice PS Narasimha, and Justice JB Pardiwala, took note of the fact that Mehta was willing to give authorisation to CBI so it …

Fresh FIRs against Mehul Choksi in PNB bank loan fraud case
2 years, 3 months 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, 3 months 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, 3 months 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, 3 months 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, 4 months 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 …

Political asylum in UK: Nirav Modi's last ditch effort to escape Indian laws
2 years, 4 months ago

Political asylum in UK: Nirav Modi's last ditch effort to escape Indian laws

India Today  

Fugitive businessman Nirav Modi, who has been ordered to be extradited to India for defrauding the Punjab National Bank of crores, might be able to stall his return. Nirav Modi had recently sought political asylum in the United Kingdom, which if granted will allow him to escape the law in India, sources said. In a big win for India last …

What is the PNB fraud case against Nirav Modi and will the fugitive finally be forced to return home?
2 years, 4 months ago

What is the PNB fraud case against Nirav Modi and will the fugitive finally be forced to return home?

Firstpost  

The High Court in London has allowed the extradition of fugitive diamantaire Nirav Modi to India. He fled the country in January 2018, days before the scam was uncovered Fugitive diamond billionaire Nirav Modi’s appeal against extradition to India has been turned down by the High Court in London today. According to Indian Express, the transcripts of Nirav Modi’s conversations …

Nirav Modi to be extradited to India as he loses appeal in British court
2 years, 4 months ago

Nirav Modi to be extradited to India as he loses appeal in British court

India Today  

A high court in the United Kingdom on Wednesday rejected fugitive diamantaire Nirav Modi's plea against extradition to India to face fraud and money laundering charges. However, the Royal Courts of Justice noted that extraditing Nirav Modi wouldn’t be "unjust or oppressive". On October 12, the court had reserved its judgment on Nirav Modi's plea against the verdict of Westminster …

Honour extradition treaty, don't pick holes: UK Court in Nirav Modi case
2 years, 5 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 …

CBI summons Nirav Modi's brother-in-law in bank fraud case
2 years, 7 months ago

CBI summons Nirav Modi's brother-in-law in bank fraud case

India Today  

The Central Bureau of Investigation has issued a summon to fugitive diamantaire Nirav Modi’s brother-in-law Maiank Mehta. MAIANK MEHTA GRANTED PROTECTION FROM ACTION Senior lawyer Raja Thakare appearing for CBI said, “We have made a statement that he is a suspect. Or if the material is such, then he can be made an approver.” The bench of Justice PD Naik …

ED attaches gems, bank deposits worth over Rs 253 crore of Nirav Modi group in Hong Kong
2 years, 8 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 …

Gems, jewellery among Nirav Modi's Rs 250 crore assets attached by ED
2 years, 8 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, 8 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 …

List of Fugitive Economic Offenders in India: Vijay Mallya, Nirav Modi, others
2 years, 8 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, 9 months ago

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

Firstpost  

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 …

Nirav Modi's close aide brought back to India by CBI in PNB scam case
2 years, 11 months ago

Nirav Modi's close aide brought back to India by CBI in PNB scam case

India Today  

Subhash Shankar, a close aide of fugitive diamantaire Nirav Modi, has been brought back to Mumbai by the CBI after he was nabbed in Cairo. This was a major operation by CBI officials investigating Nirav Modi in connection with the PNB fraud case. Nirav Modi is wanted in India on charges of fraud and money laundering in the estimated USD …

Rs 18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi
3 years, 1 month ago

Rs 18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi

Op India  

The Central Government has told to the Supreme Court that Rs 18000 crore have been returned to the banks which were stifled by fugitives Vijay Mallya, Nirav Modi, and Mehul Choksi until now. While comparing the numbers with the global data, Tushar Mehta added, “very small number of cases are being taken up for investigation under the PMLA as compared …

18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi: Government
3 years, 1 month ago

18,000 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi: Government

Hindustan Times  

Banks have recovered ₹18,000 crore from fugitives Vijay Mallya, Nirav Modi and Mehul Choksi, Solicitor General Tushar Mehta told the Supreme Court on Wednesday. Mehta told the top court bench, led by Justice AM Khanwilkar, that the value of cases registered under the Prevention of Money Laundering Act against Mallya, Modi, and Choksi is now ₹67,000 crore. Vijay Mallya is …

13k cr recovered from asset sale of Nirav Modi, Vijay Mallya: FM
3 years, 3 months ago

13k cr recovered from asset sale of Nirav Modi, Vijay Mallya: FM

Op India  

Union Finance Minister Nirmala Sitharaman on Monday informed how banks have collected roughly Rs 13,109 crore from asset sales of defaulters such as fugitive diamantaire Nirav Modi, Mehul Choksi, and erstwhile liquor baron Vijay Mallya. Fugitive businessman and prime accused in the Rs 14,000 crore PNB scam, Nirav Modi is currently lodged in the Wandsworth jail in southwest London and …

Properties worth Rs 500 crore of Nirav Modi firms restored to PNB
3 years, 7 months ago

Properties worth Rs 500 crore of Nirav Modi firms restored to PNB

India TV News  

A special court in Mumbai on Friday allowed 'restoration' of properties worth Rs 500 crore of fugitive jeweler Nirav Modi's firms to Punjab National Bank. This is the third such order in a span of about two weeks, with the total value of properties owned by Nirav Modi's companies being restored in this manner now standing at approximately Rs 1,000 …

PNB moves court seeking restoration of assets of Nirav Modi’s firms confiscated by ED
3 years, 8 months ago

PNB moves court seeking restoration of assets of Nirav Modi’s firms confiscated by ED

Live Mint  

The Punjab National Bank on Wednesday moved multiple applications before a special PMLA court here, seeking restoration of the assets of two firms owned by fugitive diamond merchant Nirav Modi, who is accused of duping the bank. The Enforcement Directorate had earlier confiscated assets worth over ₹329.66 crore of Nirav Modi under the fugitive economic offenders law. The confisticated property …

Nirav Modi's sister sends Rs 17.25 crore from UK account to Indian govt: ED
3 years, 8 months ago

Nirav Modi's sister sends Rs 17.25 crore from UK account to Indian govt: ED

India TV News  

Nirav Modi's sister sends Rs 17.25 crore from UK account to Indian govt: ED The ED on Thursday said fugitive businessman Nirav Modi's sister has "remitted" over Rs 17 crore from a UK bank account to that of the Indian government after she was allowed pardon from criminal proceedings in lieu of extending help in the PNB loan fraud case. …

Explained | Will the money recovered from Vijay Mallya, Nirav Modi and Mehul Choksi help banks?
3 years, 9 months ago

Explained | Will the money recovered from Vijay Mallya, Nirav Modi and Mehul Choksi help banks?

The Hindu  

The story so far: The Enforcement Directorate on June 23 came out with a statement saying that it has seized assets worth ₹18,170.02 crore belonging to three fugitive businessmen. The seized assets belong to liquor baron Vijay Mallya and diamond traders Nirav Modi and Mehul Choksi — all three left India before law enforcement agencies could nab them for fraud. …

Banks in Losses After Fraud By Vijay Mallya, Mehul Choksi and Nirav Modi Get Crores in Attached Assets from ED
3 years, 9 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 …

‘Will Continue To Make All Efforts To Bring Fugitives Like Mehul Choksi To Face Justice In India’: MEA
3 years, 9 months ago

‘Will Continue To Make All Efforts To Bring Fugitives Like Mehul Choksi To Face Justice In India’: MEA

ABP News  

New Delhi: The Ministry of External Affairs on Thursday said all efforts will continue to be made to bring back fugitives to face justice in India. He remains in custody of Dominican authorities and certain legal proceedings are underway,” PTI quoted MEA official spokesperson Arindam Bagchi as saying at an online media briefing. Fugitive diamantaire Mehul Choksi’s legal battle to …

PNB Fraud: Warrant Against Nirav Modi's Sister, Brother-in-law Kept in Abeyance
3 years, 11 months ago

PNB Fraud: Warrant Against Nirav Modi's Sister, Brother-in-law Kept in Abeyance

News 18  

A special PMLA court on Thursday kept in abeyance the warrant issued against the sister and brother-in-law of fugitive diamond merchant Nirav Modi till further orders. Modi's sister Purvi and her husband Maiank Mehta had "turned approvers" in the USD 2 billion PNB fraud case, in which Modi and his uncle Mehul Choksi are the prime accused. Modi, who is …

UK Court approves Nirav Modi's extradition to India
4 years, 1 month ago

UK Court approves Nirav Modi's extradition to India

Op India  

Indian Government’s two-year-long battle to bring back fugitive businessman Nirav Modi to India has finally tasted some success. The fugitive billionaire is wanted for fraud and money laundering in the ₹ 14,000-crore Punjab National Bank scam The UK’s Westminster Magistrates’ Court has also acknowledged that the diamantaire conspired to destroy evidence and intimidate witnesses and ordered that Nirav Modi may …

PNB Scam: UK Court Allows Nirav Modi's Extradition, Says 'He Has A Case To Answer In India'
4 years, 1 month ago

PNB Scam: UK Court Allows Nirav Modi's Extradition, Says 'He Has A Case To Answer In India'

ABP News  

In a major blow to Nirav Modi, a UK court on Thursday allowed the fugitive diamantaire, wanted in PNB scam case, to extradite to India for a trail. Nirav Modi is the subject of two sets of criminal proceedings, with the Central Bureau of Investigation case relating to a large-scale fraud upon Punjab National Bank by obtaining illegal letters of …

UK judge clears Nirav Modi's extradition, says no evidence to suggest he will not receive justice in India
4 years, 1 month ago

UK judge clears Nirav Modi's extradition, says no evidence to suggest he will not receive justice in India

Hindustan Times  

Jailed diamond merchant Nirav Modi can be extradited to India to face charges of fraud and money laundering, a UK court ruled on Thursday. A UK judge cleared Nirav Modi's extradition to India on Thursday Stating that Modi's link with the Punjab National Bank officials has been established, the court said that the Central Bureau of Investigation's probe demonstrates his …

Nirav Modi to be extradited to India: Timeline of his arrest in $2 billion PNB fraud case
4 years, 1 month ago

Nirav Modi to be extradited to India: Timeline of his arrest in $2 billion PNB fraud case

India Today  

A UK court on Thursday ruled that fugitive diamantaire Nirav Modi can be extradited to India to face charges of fraud and money laundering amounting to an estimated $2 billion. Nirav Modi wanted in India on charges of fraud and money laundering in the estimated USD 2-billion Punjab National Bank scam case, lost his legal battle against extradition on all …

PNB scam case: ED attaches assets worth Rs 14.45 crore of Mehul Choksi, Gitanjali Group
4 years, 1 month ago

PNB scam case: ED attaches assets worth Rs 14.45 crore of Mehul Choksi, Gitanjali Group

Firstpost  

New Delhi: The Enforcement Directorate has attached assets worth over Rs 14 crore belonging to the Gitanjali Group and its promoter and jeweller Mehul Choksi, one of the prime accused in the alleged over Rs 13,000 crore PNB loan fraud case. A provisional order for attachment has been issued under the Prevention of Money Laundering Act for the assets worth …

PNB Scam: Nirav Modi's Sister Moves Court to Get Non-bailable Warrants Cancelled
4 years, 1 month ago

PNB Scam: Nirav Modi's Sister Moves Court to Get Non-bailable Warrants Cancelled

News 18  

Mumbai: Fugitive diamond trader Nirav Modi's sister and her husband on Thursday approached a court here seeking cancellation of non-bailable warrants against them in the Punjab National Bank fraud case. Purvi Modi, Nirav Modi's younger sister, is a Belgian national while her husband Maiank Mehta is a British citizen. "Purvi Modi and her husband Maiank Mehta turned approver for assisting …

PNB Fraud Case: ED Attaches Assets Worth Over Rs 14 Crore Belonging to Mehul Choksi
4 years, 1 month ago

PNB Fraud Case: ED Attaches Assets Worth Over Rs 14 Crore Belonging to Mehul Choksi

News 18  

The Enforcement Directorate has attached assets worth over Rs 14 crore belonging to the Gitanjali Group and its promoter and jeweller Mehul Choksi, one of the prime accused in the alleged over Rs 13,000 crore PNB loan fraud case. Choksi, 61, is the maternal uncle of Nirav Modi who is the other prime accused in the alleged over USD 2 …

Mehul Choksi's Mumbai flat, gold, diamonds worth Rs 14.45 crore attached by ED
4 years, 1 month ago

Mehul Choksi's Mumbai flat, gold, diamonds worth Rs 14.45 crore attached by ED

India Today  

The Enforcement Directorate has attached assets worth Rs 14.45 crore of Gitanjali Group of companies and its director Mehul Choksi in Punjab National Bank fraud case. The attached assets include a 1460 square feet flat in Mumbai's Goregaon and gold, platinum jewellery, diamond, stones, pearl-silver necklaces, watches and Mercedes Benz car registered on the name of Gitanjali Group of companies …

Nirav Modi's Extradition Soon? Fugitive Diamantaire's Trial Concludes, Verdict Expected On Feb 25
4 years, 2 months ago

Nirav Modi's Extradition Soon? Fugitive Diamantaire's Trial Concludes, Verdict Expected On Feb 25

ABP News  

PM Narendra Modi To Meet All Chief Ministers Ahead Of Coronavirus Vaccine Rollout The hearing of the Nirav Modi extradition case concluded on Friday, and it can be hoped that the Indian Authorities are one step closer to bringing the fugitive back. Modi who is accused of defrauding the Punjab National bank in India was arrested from the Central Bank …

Nirav Modi's sister, brother-in-law turn approver in PNB scam case, property worth Rs 579 cr to be confiscated
4 years, 2 months ago

Nirav Modi's sister, brother-in-law turn approver in PNB scam case, property worth Rs 579 cr to be confiscated

India TV News  

Fugitive diamantaire Nirav Modi's sister and her husband have turned approver in the Punjab National Bank fraud case. Purvi Mehta and her husband Maiank Mehta have filed an application before Special PMLA Court in Mumbai for allowing them to seek pardon under Section 306 and 307 of the CrPC. Prosecution complaints were filed by the Enforcement Directorate before the Special …

Bank Fraud: ED Says Accused Who Defrauded IOB Paid Managers' Flight, Hotel Bills
4 years, 3 months ago

Bank Fraud: ED Says Accused Who Defrauded IOB Paid Managers' Flight, Hotel Bills

News 18  

Probing a Rs 299-crore Indian Overseas Bank loan fraud case, similar to the alleged USD 2 billion worth PNB swindle, the Enforcement Directorate has found that the accused “paid” for the air travel and hotel stay of a senior bank manager and his family as kickbacks. The central probe agency said “lapses” were also detected on the part of at …

PNB Fraud: Fugitive Nirav Modi Extradition Trial to Resume in UK Court Tomorrow
4 years, 6 months ago

PNB Fraud: Fugitive Nirav Modi Extradition Trial to Resume in UK Court Tomorrow

News 18  

Fugitive diamond merchant Nirav Modi, who has been lodged at a prison in London since his arrest in March last year, is set to appear via video link for the second leg of his extradition trial at a UK court on Monday. The 49-year-old jeweller is fighting extradition charges related to the estimated $2-billion Punjab National Bank fraud and money …

PNB Receives Rs 24 Crore from US Bankruptcy Proceedings of 3 Nirav Modi-promoted Firms: Govt
4 years, 7 months ago

PNB Receives Rs 24 Crore from US Bankruptcy Proceedings of 3 Nirav Modi-promoted Firms: Govt

News 18  

The Ministry of Corporate Affairs on Tuesday said Punjab National Bank has received over Rs 24 crore as the first tranche of recoveries from bankruptcy proceedings of three Nirav Modi-promoted companies in the US. In 2018, the lender had informed the ministry that three companies promoted by Nirav Modi — Firestar Diamond, Inc, A Jaffee, Inc and Fantasy, Inc had …

ED recovers valuables worth Rs 1350 crore of Nirav Modi & Mehul Choksi
4 years, 9 months ago

ED recovers valuables worth Rs 1350 crore of Nirav Modi & Mehul Choksi

Op India  

In a massive development in the case against the fugitive businessmen Nirav Modi and Mehul Choksi, the Enforcement Directorate has recovered more than Rs 1350 crore worth of assets. pic.twitter.com/87UaqevYZU — TIMES NOW June 10, 2020 As per the press release, the Enforcement Directorate has brought back 108 consignments of various overseas entities belonging to Nirav Modi and Mehul Choksi. …

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