Articles for Fraud Pnb

₹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 …

Bank Sector 17 Company Directors Large Corporate Branch Court Frames Pnb Sector
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 …

India Cbi Dominica Nakshatra Gitanjali Choksi Mehul Choksi
Punjab & Sind Bank reports about Rs 238 cr fraud by Bhushan Power; third instance after disclosures by PNB, Allahabad Bank
5 years, 5 months ago

Punjab & Sind Bank reports about Rs 238 cr fraud by Bhushan Power; third instance after disclosures by PNB, Allahabad Bank

Firstpost  

Bhushan Power and Steel has misappropriated bank funds, manipulated books of accounts to raise funds from a consortium of lender banks New Delhi: State-owned Punjab & Sind Bank Wednesday reported over Rs 238 crore fraud by Bhushan Power and Steel, a third such instance after similar disclosures made by PNB and Allahabad Bank recently. “On the basis of forensic audit …

Fraud Bank Company Crore Cbi Funds Rbi
PNB reports over Rs 3,800 cr fraud by Bhushan Power & Steel Ltd
5 years, 6 months ago

PNB reports over Rs 3,800 cr fraud by Bhushan Power & Steel Ltd

India TV News  

Public sector lender Punjab National Bank said Saturday it has detected a fraud of more than Rs 3,800 crore by Bhushan Power & Steel Ltd and has reported it to the Reserve Bank of India. PNB said Bhushan Power & Steel Ltd misappropriated bank funds and manipulated its books of accounts to raise funds from consortium lender banks. "On the …

Fraud Bank Crore Pnb Bhushan Power Bpsl Steel Ltd
PNB fraud case: UK court further remands diamantaire Nirav Modi till 24 May, full hearing scheduled on 30 May
5 years, 8 months ago

PNB fraud case: UK court further remands diamantaire Nirav Modi till 24 May, full hearing scheduled on 30 May

Firstpost  

Nirav Modi was arrested by uniformed Scotland Yard officers from a Metro Bank branch in central London as he attempted to open a new bank account on 19 March. A London court on Friday further remanded till 24 May fugitive diamantaire Nirav Modi, who is undergoing extradition proceedings in the United Kingdom in the about Rs 13,500-crore Punjab National Bank …

India Bail Indian Bank Case Hearing Pti
PNB fraud: Mehul Choksi gives up Indian citizenship, surrenders passport to Antiguan govt in a bid to avoid extradition
5 years, 11 months ago

PNB fraud: Mehul Choksi gives up Indian citizenship, surrenders passport to Antiguan govt in a bid to avoid extradition

Firstpost  

Mehul Choksi is wanted in India by the CBI and ED probing the $2 billion PNB fraud Fugitive diamantaire Mehul Choksi, accused of involvement in the over Rs 13,500 crore fraud at Punjab National Bank, has given up his Indian citizenship and surrendered his passport to Antigua in an attempt to avoid extradition to India. #NewsAlert -- Mehul Choksi surrenders …

India Fraud Citizenship Indian Passport Antigua Barbuda
PNB fraud case: Antigua govt assures full cooperation to India in extradition of fugitive diamantaire Mehul Choksi
6 years, 3 months ago

PNB fraud case: Antigua govt assures full cooperation to India in extradition of fugitive diamantaire Mehul Choksi

Firstpost  

New York: The Antigua government has assured India of its full cooperation in the extradition of fugitive diamantaire Mehul Choksi, allegedly involved in the $2 billion scam in the Punjab National Bank, and conveyed its commitment to resolve the issue as quickly as possible, a senior official said Thursday. External Affairs Minister Sushma Swaraj met Foreign Minister of Antigua and …

India Extradition Minister Issue Kumar Foreign Minister Greene
PNB fraud: India's largest law firm Cyril Amarchand Mangaldas being scrutinised for concealing 'incriminating documents'
6 years, 3 months ago

PNB fraud: India's largest law firm Cyril Amarchand Mangaldas being scrutinised for concealing 'incriminating documents'

Firstpost  

PNB in January alleged that billionaire diamond jeweller Nirav Modi and his uncle Mehul Choksi had for years fraudulently raised billions of dollars in foreign credit by conspiring with staff at the bank Mumbai/New Delhi: India’s largest law firm, Cyril Amarchand Mangaldas, is being scrutinised by federal agents after they seized documents related to the $2 billion fraud at state-run …

India Search Documents Case Cbi Reuters Modi
Q1 results: Wounded by fraud, no easy road ahead for PNB
6 years, 5 months ago

Q1 results: Wounded by fraud, no easy road ahead for PNB

Live Mint  

Exactly eight quarters ago, the management of Punjab National Bank put forth before investors an account of their strenuous efforts to manage bad loans. The second largest public sector lender reported a 43.6% increase in its stock of bad loans for the June quarter as ₹ 7,363 crore slipped into the bad loans category. It has to provide ₹ 1,208.7 …

Loans Crore Quarter Pnb Bad Loans