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CBI Files 3 Fresh FIRs Against Mehul Choksi In Over Rs 6,700 Cr Fraud Case

As per the FIRs, along with these fresh charges, previously, Choksi has been accused of defrauding an ICICI-led consortium of Rs 5564 crore in 28 banks and 9 banks of a PNB-led consortium of Rs 807 crore

Nirav Modi Loses Appeal Against Extradition In UK Supreme Court

BW Online Bureau

Companies & Markets

Pronouncing the judgement order at the London court, Lord Justice Jeremy Stuart-Smith and Justice Robert Jay refused Nirav Modi’s application of an appeal against the extradition to India

HCL House Of Fugitive Nirav Modi To Be Auctioned On September 23

BW Online Bureau

Economy

The auction of a prime property of fugitive diamantaire Nirav D. Modi has been ordered by the Debt Recovery Tribunal-I (DRT-I) as part of the cases filed by Punjab National Bank (PNB)

Nirav Modi's Close Aide In PNB Scam, Subhash Shankar Now In CBI's Hands

BW Online Bureau

Banking & Finance

Subhash Shankar is accused for the Punjab National Bank scam of more than Rs 13,000 crores

Nirav Modi UK Extradition Appeal To Be Heard On December 14

BW Online Bureau

Companies & Markets

High Court judge Martin Chamberlain had ruled on August 9 that arguments presented by Modi's legal team concerning his severe depression and high risk of suicide were arguable at a substantial hearing.

Nirav Modi Case: US Court Rejects His Plea, Associates Dismiss Fraud Allegations

BW Online Bureau

World

The allegations were made by Richard Levin, the court-appointed trustee of three US corporations –Firestar Diamond, Fantasy Inc, and A Jaffe — indirectly owned by Nirav Modi previously.

US Court Dismisses Plea Filed By Nirav Modi, Associates

BW Online Bureau

World

The allegations were made by Richard Levin, the court appointed trustee of three US corporations--Firestar Diamond, Fantasy Inc and A Jaffe--indirectly owned by Nirav Modi previously.

Abundantia Entertainment Developing Series On Nirav Modi

BW Online Bureau

National

Nirav Modi is wanted in India to face charges of fraud and money laundering in the estimated USD 2 billion Punjab National Bank (PNB) scam case.

Properties Worth Rs 500 Crore Of Nirav Modi Firms Restored To Punjab National Bank

BW Online Bureau

Economy

The court had allowed two pleas seeking the release of properties of Firestar International (FIL) worth Rs 108.3 crore and of Firestar Diamond International Private Ltd (FDIPL) worth Rs 331.6 crore after the PNB, in July this year, filed multiple applications seeking the release of the properties mortgaged with the bank against the credit facilities extended to these two firms.

PNB Fraud: ED Says Nirav Modi's Sister Sends Rs 17.25 Crore From UK To Indian Govt Account

BW Online Bureau

Companies & Markets

Purvi Modi had assured the ED that she would help the agency in getting confiscated assets worth Rs 579 crore that included flats in New York and London and swiss bank deposit.

Nirav Modi's Sister Sends Rs 17.25 Crore From UK Account To Indian Govt: ED

BW Online Bureau

Economy India

Nirav Modi is presently lodged in a UK jail and has lost his extradition plea to India in connection with the alleged USD 2 billion loan fraud at the Brady House branch of Punjab National Bank (PNB) in Mumbai.

UK High Court Rejects Nirav Modi's Extradition Plea, Has 5 Days To Appeal For Oral Hearing

BW Online Bureau

Economy India

Under the legal guidelines, Nirav Modi as an appellant has five business days to apply for such an oral consideration, giving him time until next week.

'Finmin's Prompt Measures Helped In Nirav Modi Extradition Process'

BW Online Bureau

Companies & Markets

A scam of this magnitude had potential to create instability in the financial sector but the deft handling saved the entire public sector banking space from the crisis and litigation.