Union Bank of India sues fugitive jeweller Nirav Modi in Hong Kong court over fraud, says report
6 years, 3 months ago

Union Bank of India sues fugitive jeweller Nirav Modi in Hong Kong court over fraud, says report

Firstpost  

Nirav Modi, 47, has been on the run since February after Indian authorities launched an investigation into his alleged involvement in a Rs 13,600 crore scam against the Punjab National Bank, the country’s second-largest state-run lender. Beijing: Union Bank of India has taken fugitive billionaire jeweller Nirav Modi to a court in Hong Kong after two of his companies defaulted on more than $5.49 million in credit facilities, according to a media report. The bank claimed in a writ filed at the High Court on Wednesday that the Mumbai-born businessman, wanted over a massive financial scam in his home country, guaranteed two loans made to Firestone Trading Private on 21 October 2011 and Firestar Diamond on 15 November 2011, South China Morning Post reported. Modi, 47, has been on the run since February after Indian authorities launched an investigation into his alleged involvement in a Rs 13,400 crore scam against the Punjab National Bank.

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History of this topic

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

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

Fresh trouble for Vijay Mallya, CBI issues non-bailable warrant in ₹180-crore loan default case
6 months, 1 week 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 …

CBI arrests Dheeraj Wadhawan in ₹34,000 crore DHFL fraud
8 months ago

CBI arrests Dheeraj Wadhawan in ₹34,000 crore DHFL fraud

Hindustan Times  

The Central Bureau of Investigation has arrested Dheeraj Wadhawan, promoter of Dewan Housing Finance Ltd, in connection with the ₹35,000 crore fraud with a consortium of 17 banks led by Union Bank of India, people familiar with the development said. The Wadhawan brothers were arrested by CBI on July 19, 2022, but on December 3 same year, a trial court …

’PM Modi looted public’s hard earned money through banks’, alleges Congress chief Mallikarjun Kharge
9 months, 2 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 …

₹130-crore bank fraud : CBI court frames charges
1 year ago

₹130-crore bank fraud : CBI court frames charges

Hindustan Times  

A special CBI court has framed charges against five of the six accused in the alleged ₹130-crore bank fraud from 2020. An FIR into the matter was lodged in January 2020 on a complaint by chief manager, large corporate branch, PNB, Sector 17, Chandigarh. Charges have been framed against two bank officials, Ravi Rashmi Dhar, the then DGM of Punjab …

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 …

Ponzi scam: Odisha Police arrests India head of Chinese earning app from Tamil Nadu
1 year, 4 months ago

Ponzi scam: Odisha Police arrests India head of Chinese earning app from Tamil Nadu

Hindustan Times  

The Economic Offence Wing of Odisha Police on Thursday said it has arrested India head of Chinese earning Aap, involved in an online ponzi scam, officials said. Police said that after banning of loan apps they started running Earning Apps, online betting and other App based cyber-financial frauds. Law Enforcement Agencies started crackdown against Chinese Loan Apps after many people …

PNB moves court, seeks release of Nirav Modi’s properties worth ₹71.16 crore
1 year, 6 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, 6 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 …

CBI books Delhi firm for cheating Union Bank of India of Rs 46 crore
1 year, 6 months ago

CBI books Delhi firm for cheating Union Bank of India of Rs 46 crore

India TV News  

The Central Bureau of Investigation filed an FIR against Delhi-based company Horizon Solution for allegedly cheating Union Bank of India to the tune of over Rs 46 crore in a loan fraud, officials said on Friday. The CBI has booked the East of Kailash-based company, its proprietor Zeba Urfi and guarantor Zaib Un Nisa on charges of criminal conspiracy, cheating, …

CBI registers case against IL&FS subsidiary for defrauding 19 banks of Rs 6,524 cr
1 year, 7 months ago

CBI registers case against IL&FS subsidiary for defrauding 19 banks of Rs 6,524 cr

India TV News  

New Delhi: The Central Bureau of Investigation has filed a case against IL&FS Transportation Network Ltd and its directors for allegedly defrauding 19 banks of Rs 6,524 crore between 2016 and 2018, officials said on Friday. The accused persons are white colour criminals and very well know the intricacies of the law and know to save themselves from the clutches …

CBI books Raigad-based firm for ₹1,017.93-crore loss to bank consortium
1 year, 8 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 …

PNB scam: PMLA court grants bail to Nirav Modi’s close aide
1 year, 8 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
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 …

PNB Scam : Nirav Modi's Brother-in-Law Agrees Before Supreme Court To Give Authorisation To CBI For Bank Accounts
1 year, 11 months 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 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 …

Delhi HC Calls for Centre's Stand on Plea for NIA Probe Against DHFL's Ex Promoters on Allegation of Terror Funding
2 years ago

Delhi HC Calls for Centre's Stand on Plea for NIA Probe Against DHFL's Ex Promoters on Allegation of Terror Funding

News 18  

The Delhi High Court Thursday sought to know the Centre's stand on a plea seeking a probe by NIA against several persons, including former DHFL promoters Kapil and Dheeraj Wadhawan facing prosecution in a multi-crore bank loan scam case, for allegedly indulging in terror funding. The petition said that on May 9, the petitioner filed a complaint "regarding the offences …

Nirav Modi loses bid to appeal against extradition in UK Supreme Court
2 years, 1 month ago

Nirav Modi loses bid to appeal against extradition in UK Supreme Court

Deccan Chronicle  

LONDON: Nirav Modi, the fugitive diamond merchant wanted in India to stand trial on fraud and money laundering charges, on Thursday suffered another setback in his legal battle against his extradition as the High Court in London denied him permission to appeal against his extradition order in the UK Supreme Court. In a judgment order pronounced at the Royal Courts …

CBI court seeks bank account details of Nirav Modi's brother-in-law from Singapore
2 years, 1 month 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, 2 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, 2 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 …

Indian tycoon Nirav Modi loses extradition appeal in UK
2 years, 2 months 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 …

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

UK Court clears extradition of fugitive Nirav Modi to India
2 years, 2 months ago

UK Court clears extradition of fugitive Nirav Modi to India

Op India  

In a big victory for the Indian government, UK High Court has ordered the extradition of fugitive Nirav Modi to India. The High Court rejected diamond merchant Nirav Modi’s petition against his extradition, paving the way to bring him back to India. The court had also said that it will consider the assurances given by the Indian government, rejecting 51-year-old …

Nirav Modi to be extradited to India as he loses appeal in British court
2 years, 2 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, 3 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 …

Last leg of Nirav Modi hearing to start today
2 years, 3 months ago

Last leg of Nirav Modi hearing to start today

Hindustan Times  

More than three years after the arrest of fugitive diamond merchant Nirav Modi, in March 2019, the London high court will hear his much-delayed appeal. In February 2021, the Westminster Magistrates’ Court had found no bars to Modi’s extradition to India, but during the appeal application, his legal team managed to convince the high court to accept fresh evidence. “The …

Bank Frauds: Know India's 4 Biggest Financial Scams That Have Hit Lenders
2 years, 5 months ago

Bank Frauds: Know India's 4 Biggest Financial Scams That Have Hit Lenders

News 18  

The Enforcement Directorate recently attached assets worth Rs 415 crore of Maharashtra’s two builders in relation to the Yes Bank-DHFL bank loan fraud-linked money laundering case. The DHFL scam is India’s biggest financial fraud involving Rs 34,000 crore, in which a total of 17 banks have been defrauded by this home loan provider. Here’re four biggest financial scams in India: …

PNB scam case: Former V-P of Mehul Choksi's Gitanjali Group gets bail
2 years, 5 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 …

CBI summons Nirav Modi's brother-in-law in bank fraud case
2 years, 5 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 …

CBI Files Charge Sheet Against Builder Avinash Bhosale in Yes Bank-DHFL Scam
2 years, 5 months ago

CBI Files Charge Sheet Against Builder Avinash Bhosale in Yes Bank-DHFL Scam

News 18  

The CBI has filed a charge sheet against noted Pune-based builder Avinash Bhosale and his companies in connection with the Yes Bank-DHFL scam, officials said on Monday. The agency has also named Satyan Gopaldas Tandon, Metropolis Hotels LLP, ABIL Infraprojects Pvt Ltd, ABIL Hospitality Pvt Ltd, Arindam Developers, Avinash Bhosale Group and Flora Developments Ltd in connection with the case …

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 …

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 …

CBI files fresh case against Mehul Choksi for defrauding Canara Bank of Rs 55 crore
2 years, 6 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, 6 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, 6 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 …

DHFL's Rs 34,615-Crore Fraud: A Look At India's Biggest Bank Fraud Case
2 years, 6 months ago

DHFL's Rs 34,615-Crore Fraud: A Look At India's Biggest Bank Fraud Case

News 18  

As the Central Bureau of Investigation has filed a new case against earstwhile DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan for defrauding a consortium of 17 banks led by Union Bank of India for Rs 34,615 crore, it has become the biggest bank fraud case registered by the agency. The agency booked the Dewan Housing Finance Corporation Ltd, Kapil Wadhawan, …

CBI books DHFL's Kapil, Dheeraj Wadhawan, others in India's biggest bank fraud of Rs 34,615 crore
2 years, 6 months ago

CBI books DHFL's Kapil, Dheeraj Wadhawan, others in India's biggest bank fraud of Rs 34,615 crore

India Today  

The Central Bureau of Investigation is conducting searches in Maharashtra at 12 locations at premises linked to DHFL, its promoters Kapil Wadhawan, Dheeraj Wadhawan, businessman Sudhakar Shetty and others in connection with a Rs 34,614 crore bank fraud case. According to the FIR, Dewan Housing Finance Corporation Limited, its then Chief Managing Director Kapil Wadhawan, then Director Dheeraj Wadhawan, businessman …

CBI Books DHFL's Kapil, Dheeraj Wadhawan in Rs 34,000-Cr Bank Fraud Case
2 years, 6 months ago

CBI Books DHFL's Kapil, Dheeraj Wadhawan in Rs 34,000-Cr Bank Fraud Case

News 18  

The Central Bureau of Investigation, or CBI has filed a new case against DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan, officials said on Wednesday, June 22. The case has been registered against the two Dewan Housing Finance Corporation Ltd or DHFL promoters for cheating a consortium of 17 banks led by the Union Bank of India to the tune of …

PNB Case: ED Chargesheets Mehul Choksi's Wife, Says Priti Choksi 'Ultimate Beneficiary'
2 years, 7 months ago

PNB Case: ED Chargesheets Mehul Choksi's Wife, Says Priti Choksi 'Ultimate Beneficiary'

News 18  

The Enforcement Directorate has filed its first charge sheet against fugitive diamantaire Mehul Choksi’s wife Priti Choksi over her alleged involvement in the Rs 13,500 crore loan fraud in the Punjab National Bank case, according to reports. According to the agency, Priti Choksi was the “ultimate beneficial owner” of certain offshore companies used for siphoning off funds obtained by the …

Fresh FIR against Mehul Choksi for defrauding IFCI of Rs 22 crore
2 years, 8 months ago

Fresh FIR against Mehul Choksi for defrauding IFCI of Rs 22 crore

India Today  

Central Bureau of Investigation has lodged a fresh FIR against fugitive diamond trader Mehul Choksi and his firm Geetanjali Gems for defrauding the Industrial Finance Corporation of India Ltd of Rs 22 crore between 2014 and 2018. READ | Rs 18,000 cr returned to banks from Vijay Mallya, Nirav Modi, Choksi: Govt tells SC “In pursuance to the aforesaid criminal …

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune
2 years, 8 months ago

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune

India TV News  

Highlights CBI conducted massive raids at eight premises in Mumbai and Pune in DHFL-Yes Bank case Premises belong to Avinash Bhosale and Shahid Balwa, who was named in 2G scam and later acquitted Radius Developers owe over Rs 3,000 crore to DHFL. It had taken loan to finance a project in Mumbai Yes Bank-DHFL scam: The CBI on Saturday began …

Nirav Modi's close aide brought back to India by CBI in PNB scam case
2 years, 9 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 cr returned to banks from Vijay Mallya, Nirav Modi, Choksi: Govt tells SC
2 years, 10 months ago

Rs 18,000 cr returned to banks from Vijay Mallya, Nirav Modi, Choksi: Govt tells SC

India Today  

The government has informed the Supreme Court that Rs 18,000 crore have returned to banks from Vijay Mallya, Nirav Modi, and Mehul Choksi. Solicitor General Tushar Mehta told the bench that in money laundering cases relating to Vijay Mallya, Mehul Choksi, and Nirav Modi, the Enforcement Directorate has confiscated around Rs 18,000 crore by the orders of the courts following …

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