PNB fraud: Nirav Modi's assets, valuables worth Rs 255 cr seized by Enforcement Directorate in Hong Kong
6 years, 3 months ago

PNB fraud: Nirav Modi's assets, valuables worth Rs 255 cr seized by Enforcement Directorate in Hong Kong

Firstpost  

Earlier, on 30 September, the ED had attached assets worth Rs 637 crore of Modi and his family, including two apartments in New York’s iconic central park, as part of its fresh action in the $2 billion alleged bank fraud in the PNB. The Enforcement Directorate has attached absconding jeweller Nirav Modi’s assets and valuable worth Rs 255 crore in Hong Kong in connection with $2 billiion alleged fraud in Punjab National Bank. Assets attached in Hong Kong Earlier, on 30 September, the ED had attached assets worth Rs 637 crore of Modi and his family, including two apartments in New York’s iconic central park, as part of its fresh action in the $2 billion alleged bank fraud in the PNB. A flat worth Rs 56.97 crore on Marylebone road in London has also been attached and Nirav Modi’s sister Purvi is its “beneficial owner”, it said.

India Singapore Fraud Assets Hong Kong Bank New York Crore Kong Hong Modi His Family Worth Agency Interpol Attached Pmla Pnb Enforcement Directorate Nirav Nirav Modi Two Apartments Purvi Modi  worth  kong  fraud  valuables  bank  india  attached  hong  pnb  modi  agency  seized  modis  assets  crore  rs  nirav

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From Vijay Mallya to Nirav Modi — ED restores over ₹22,000 crore worth assets from high-profile cases. Check full list
1 month, 1 week ago

From Vijay Mallya to Nirav Modi — ED restores over ₹22,000 crore worth assets from high-profile cases. Check full list

Live Mint  

From fugitive Vijay Mallya, Nirav Modi to Mehul Choksi — the Enforcement Directorate has restored properties worth ₹22,280 crore — said Finance Minister Nirmala Sitharaman on Tuesday. Recovery from Vijay Mallya Sitharaman said that ₹14,131.6 crore worth properties belonging to fugitive Vijay Mallya have been restored to public sector banks. Here's the full list Nirav Modi: ₹1,052.58 crore has been …

Mumbai court approves monetisation of ₹2,565.9 crore in properties in Choksi fraud case
1 month, 2 weeks 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 month, 2 weeks 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: ED attaches fugitive Nirav Modi’s properties, bank balance worth ₹29.75 crore
4 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
4 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 …

ED attaches DHFL promoters’ assets worth ₹70 cr
1 year, 3 months ago

ED attaches DHFL promoters’ assets worth ₹70 cr

Hindustan Times  

The Enforcement Directorate has provisionally attached assets worth ₹70.39 crore belonging to the former promoters of Dewan Housing Finance Limited, Kapil Wadhawan and Dheeraj Wadhawan. HT Image The attached assets are in the form of paintings and sculpture worth ₹28.58 crore, watches worth ₹5 crore, diamond jewellery worth ₹10.71 crore, 20% stake in a helicopter worth ₹9 crore and two …

ED seizes Rs 25.8 crore following raids in Maharashtra in money laundering case
1 year, 5 months ago

ED seizes Rs 25.8 crore following raids in Maharashtra in money laundering case

India TV News  

The Enforcement Directorate seized cash and jewellry worth Rs 25.81 crores following raids carried out across 13 locations in Maharashtra in connection to a money laundering case, informed officials on Saturday. During the search operation conducted on Thursday, ED seized a large number of incriminating documents along with 39.33 kg of gold and diamond jewellry worth Rs 24.7 crore and …

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. …

PNB scam: PMLA court grants bail to Nirav Modi’s close aide
1 year, 9 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 …

Fresh FIRs against Mehul Choksi in PNB bank loan fraud case
2 years, 1 month 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 registers fresh FIRs against Mehul Choksi in Rs 6,000 crore fraud case
2 years, 1 month 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 …

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 …

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 …

ED to confiscate Nirav Modi's properties worth Rs 500 crores
2 years, 3 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, 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 …

ED attaches gems, bank deposits worth over Rs 253 crore of Nirav Modi group in Hong Kong
2 years, 6 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, 6 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, 6 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, 6 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 …

As India’s biggest bank fraud is unearthed, a look at the DHFL case and other big bank frauds in the country
2 years, 7 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 …

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 …

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 crore recovered from Vijay Mallya, Nirav Modi, Mehul Choksi
2 years, 11 months 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
2 years, 11 months 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, 1 month 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 Punjab National Bank
3 years, 5 months ago

Properties Worth Rs 500 Crore of Nirav Modi Firms Restored to Punjab National Bank

News 18  

A special court here 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 …

Properties worth Rs 500 crore of Nirav Modi firms restored to PNB
3 years, 5 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, 6 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 …

Shares worth Rs 5800 crore sold, ED says 40 pc of loss in PNB, Mallya bank fraud cases recovered
3 years, 7 months ago

Shares worth Rs 5800 crore sold, ED says 40 pc of loss in PNB, Mallya bank fraud cases recovered

India TV News  

About 40 per cent of the money lost by banks in alleged frauds perpetrated by fugitive businessmen Nirav Modi, Mehul Choksi and Vijay Mallya has been recovered so far, the Enforcement Directorate said after the sale of attached shares worth over Rs 5,800 crore on Wednesday. "The quantum of the attached and seized assets represent 80.45 per cent of the …

Banks given ₹9k-cr of seized assets, says ED
3 years, 7 months ago

Banks given ₹9k-cr of seized assets, says ED

Hindustan Times  

The Enforcement Directorate has handed over ₹9,041.5 crore worth of assets, mostly in shares, to Indian banks that lost over ₹22,585.83 crore to bank fraud by three fugitive businessmen, Vijay Mallya, Nirav Modi and Mehul Choksi, the agency said in a statement on Wednesday, underlining that this implied the public sector banks have already recouped 40% of their losses in …

Honey, Where's My Money? How Much Do Mallya, Nirav Modi & Choksi Owe India?
3 years, 7 months ago

Honey, Where's My Money? How Much Do Mallya, Nirav Modi & Choksi Owe India?

News 18  

About 40 per cent of the money lost by banks in alleged frauds perpetrated by fugitive businessmen Nirav Modi, Mehul Choksi and Vijay Mallya has been recovered so far, the Enforcement Directorate said after the sale of attached shares worth over Rs 5,800 crore on Wednesday. Amid developments in the extradition, amount recoveries, and cases of all three fugitives, News18 …

Assets worth Rs 18,170 crore of Vijay Mallya, Nirav Modi, Mehul Choksi attached; 80% losses recovered: ED
3 years, 7 months ago

Assets worth Rs 18,170 crore of Vijay Mallya, Nirav Modi, Mehul Choksi attached; 80% losses recovered: ED

India TV News  

The Enforcement Directorate has said that it had transferred a part of the attached or seized assets in cases related to fugitive billionaires Vijay Mallya, Nirav Modi and Mehul Choksi, to state-run banks and the Centre. Of the Rs 18,170.02 crore worth of assets seized, the ED said it has transferred Rs 9,371.17 crore to the government and public sector …

Banks in Losses After Fraud By Vijay Mallya, Mehul Choksi and Nirav Modi Get Crores in Attached Assets from ED
3 years, 7 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 …

ED transfers Rs 9,000 crore of Rs 18,000 crore assets seized from Nirav Modi, Mallya and Choksi to banks
3 years, 7 months ago

ED transfers Rs 9,000 crore of Rs 18,000 crore assets seized from Nirav Modi, Mallya and Choksi to banks

India Today  

The Enforcement Directorate has seized assets worth Rs 18,170 crore, which is 80% of the total losses incurred by the banks, in cases related to fugitive businessmen Vijay Mallya, Nirav Modi and Mehul Choksi. The ED said on Wednesday that not only has the assets been seized, but a significant share, Rs 9,371.17 crore, has been transferred to the public …

PNB Fraud: Warrant Against Nirav Modi's Sister, Brother-in-law Kept in Abeyance
3 years, 9 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 …

PNB Scam: UK Court Allows Nirav Modi's Extradition, Says 'He Has A Case To Answer In India'
3 years, 11 months 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 …

Nirav Modi to be extradited to India: Timeline of his arrest in $2 billion PNB fraud case
3 years, 11 months 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
3 years, 11 months 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
3 years, 11 months 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
3 years, 11 months 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
3 years, 11 months 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 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 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, 1 month 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 Receives Rs 24 Crore from US Bankruptcy Proceedings of 3 Nirav Modi-promoted Firms: Govt
4 years, 5 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 …

Top news of the day: Kulbhushan Jadhav has refused to file review plea, claims Pakistan; ‘fugitive’ Nirav Modi’s assets worth ₹329 crore confiscated, and more
4 years, 6 months ago

Top news of the day: Kulbhushan Jadhav has refused to file review plea, claims Pakistan; ‘fugitive’ Nirav Modi’s assets worth ₹329 crore confiscated, and more

The Hindu  

Pakistan’s Additional Attorney-General Ahmed Irfan claimed that on June 17, Jadhav was invited to file a review petition in the Islamabad High Court against his sentence, but chose not to do so. The confiscated assets include four flats at the Samudra Mahal building in Mumbai’s Worli, a seaside farmhouse and land in Alibaug, a windmill in Jaisalmer, a flat in …

PNB scam: Fugitive diamond merchant Nirav Modi's extradition case in UK adjourned until September
4 years, 8 months ago

PNB scam: Fugitive diamond merchant Nirav Modi's extradition case in UK adjourned until September

Firstpost  

The UK court hearing the extradition case of fugitive diamond merchant Nirav Modi, wanted in India on charges of fraud and money laundering amounting to an estimated $2 billion, on Thursday adjourned the trial to be resumed from 7 September London: The UK court hearing the extradition case of fugitive diamond merchant Nirav Modi, wanted in India on charges of …

PNB scam: Nirav Modi's extradition trial to begin in UK in over $2 bn fraud, money laundering case
4 years, 8 months ago

PNB scam: Nirav Modi's extradition trial to begin in UK in over $2 bn fraud, money laundering case

Firstpost  

Nirav Modi, the 49-year-old jeweller, who has been lodged at Wandsworth Prison in south-west London since his arrest in March last year, is expected to be produced physically at Westminster Magistrates’ Court in London. London: Fugitive diamond merchant Nirav Modi, fighting extradition to India on charges over the nearly $2 billion Punjab National Bank fraud and money laundering case, is …

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