Mumbai Pnb Branch Fraud
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PNB To Close Operations At Fraud-Hit Mumbai Branch: Report
PNB (Punjab National Bank) has lost more than half its market value since the fraud came to light in late January.
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PNB To Shut Most Operations At Fraud-Hit Mumbai Branch: Sources
Punjab National Bank (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision.
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PNB Detects New Fraud At Mumbai Branch: Report
The new alleged fraud of around Rs 9.1 crore involves officials of a little known company called Chandri Paper and Allied Products Pvt Ltd, the Central Bureau of Investigation said in the complaint posted on its website.
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Nirav Modi Bribed PNB Official With Gold Coins, Diamond Jewellery, CBI Tells Court
CBI told the court that Yashwant Joshi, who worked in the forex department of PNB's Mumbai branch, admitted to having received two gold coins weighing 60 grams and a pair of gold and diamond earrings from Nirav Modi
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Internal Auditor Of PNB Mumbai Branch, Ground Zero Of Rs 11,400 Crore Scam, Arrested
The Central Bureau of Investigation (CBI) on Wednesday arrested an internal auditor of a Punjab National Bank branch that is at the heart of a Rs 11,400 crore alleged fraud, a police spokesman said
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To Get Nirav Modi, Mehul Choksi Back, Passports Cancelled: 10 Facts
The government has cancelled passports of celebrity diamond designer Nirav Modi and uncle Mehul Choksi who accused of a staggering bank fraud. The orders to revoke the passports were issued by the Foreign Ministry amid a massive crackdown on companies linked to the billionaire businessman by half-a-dozen central agencies investigating Nirav Modi an...
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PNB Fraud: General Manager-Rank Officer Held, CBI Goes After The Big Fish
After arresting four officials and a former employee of the Punjab National Bank, the CBI has turned its attention to the role of senior bank officers in the massive fraud case involving companies run by diamantaire Nirav Modi and his uncle Mehul Choksi. Rajesh Jindai, a General Manager-rank officer of PNB, who was the head of the Brady House branc...
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Businessman Fights To Save Mumbai Home After PNB Allegedly Gives Rs 3 Crore Loan To "Fraud" Buyer
There's no end to Punjab National Bank's (PNB) deception. Even as probes by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) into the Rs 11,400-crore Nirav Modi scam are underway, Mumbai Police has initiated an inquiry against the bank's Santacruz branch, which allegedly sanctioned a housing loan of Rs 3 crore on the s...
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CBI Seals Punjab National Bank's Brady House Branch In Mumbai
The Central Bureau of Investigation (CBI) on Monday sealed the Brady House Branch of the Punjab National Bank in Mumbai as multiple probe agencies continue their probe into the Rs 11,515 crore fraud, according to officials.
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Top Nirav Modi Executive To Be Questioned By CBI, Mumbai PNB Branch Sealed
Nirav Modi's Chief Financial Officer has been summoned by the CBI, which is investigating a Rs 11,400 crore Punjab National bank (PNB) scam to benefit the billionaire jeweller to stars in India and abroad.
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Former PNB Official Used, Shared Bank Passwords To Help Nirav Modi
The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical centre of one of the world's fastest growing major economies.
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PNB-Nirav Modi Fraud: What Had Transpired At Mumbai's Brady Road Branch
Nirav Modi, and the firms he controls, allegedly leveraged the loopholes in the banking system by seeking letters of undertaking (LoU) and raising credit from foreign banks to pay its merchants. An LoU is a bank guarantee issued for overseas import payments. For past seven years, Nirav Modi and his three firms-Diamond R Us, Solar Exports and Stella...
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PNB, Hit By Massive Fraud, Warned Banks About How The Scam Worked
Before suspending 10 of its officials for giant fraud linked to celebrity jeweller Nirav Modi, Punjab National Bank (PNB) sent a caution notice to several banks explaining how it was swindled out of Rs 11,000 crore by its own officials.
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Punjab National Bank Reports $1.8 Billion Fraud At A Mumbai Branch
India's second-biggest state-run bank said it has detected a $1.8 billion fraud at a single branch in the nation's financial hub, the impact of which could extend to other lenders as well.
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PNB To Close Operations At Fraud-Hit Mumbai Branch: Report
PNB (Punjab National Bank) has lost more than half its market value since the fraud came to light in late January.
-
PNB To Shut Most Operations At Fraud-Hit Mumbai Branch: Sources
Punjab National Bank (PNB) is closing nearly all its operations in a Mumbai branch that was at the heart of a $2 billion fraud, according to four sources with knowledge of the decision.
-
PNB Detects New Fraud At Mumbai Branch: Report
The new alleged fraud of around Rs 9.1 crore involves officials of a little known company called Chandri Paper and Allied Products Pvt Ltd, the Central Bureau of Investigation said in the complaint posted on its website.
-
Nirav Modi Bribed PNB Official With Gold Coins, Diamond Jewellery, CBI Tells Court
CBI told the court that Yashwant Joshi, who worked in the forex department of PNB's Mumbai branch, admitted to having received two gold coins weighing 60 grams and a pair of gold and diamond earrings from Nirav Modi
-
Internal Auditor Of PNB Mumbai Branch, Ground Zero Of Rs 11,400 Crore Scam, Arrested
The Central Bureau of Investigation (CBI) on Wednesday arrested an internal auditor of a Punjab National Bank branch that is at the heart of a Rs 11,400 crore alleged fraud, a police spokesman said
-
To Get Nirav Modi, Mehul Choksi Back, Passports Cancelled: 10 Facts
The government has cancelled passports of celebrity diamond designer Nirav Modi and uncle Mehul Choksi who accused of a staggering bank fraud. The orders to revoke the passports were issued by the Foreign Ministry amid a massive crackdown on companies linked to the billionaire businessman by half-a-dozen central agencies investigating Nirav Modi an...
-
PNB Fraud: General Manager-Rank Officer Held, CBI Goes After The Big Fish
After arresting four officials and a former employee of the Punjab National Bank, the CBI has turned its attention to the role of senior bank officers in the massive fraud case involving companies run by diamantaire Nirav Modi and his uncle Mehul Choksi. Rajesh Jindai, a General Manager-rank officer of PNB, who was the head of the Brady House branc...
-
Businessman Fights To Save Mumbai Home After PNB Allegedly Gives Rs 3 Crore Loan To "Fraud" Buyer
There's no end to Punjab National Bank's (PNB) deception. Even as probes by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) into the Rs 11,400-crore Nirav Modi scam are underway, Mumbai Police has initiated an inquiry against the bank's Santacruz branch, which allegedly sanctioned a housing loan of Rs 3 crore on the s...
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CBI Seals Punjab National Bank's Brady House Branch In Mumbai
The Central Bureau of Investigation (CBI) on Monday sealed the Brady House Branch of the Punjab National Bank in Mumbai as multiple probe agencies continue their probe into the Rs 11,515 crore fraud, according to officials.
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Top Nirav Modi Executive To Be Questioned By CBI, Mumbai PNB Branch Sealed
Nirav Modi's Chief Financial Officer has been summoned by the CBI, which is investigating a Rs 11,400 crore Punjab National bank (PNB) scam to benefit the billionaire jeweller to stars in India and abroad.
-
Former PNB Official Used, Shared Bank Passwords To Help Nirav Modi
The Punjab National Bank branch in south Mumbai sits just down the road from both the Bombay Stock Exchange and the Reserve Bank of India, at a physical centre of one of the world's fastest growing major economies.
-
PNB-Nirav Modi Fraud: What Had Transpired At Mumbai's Brady Road Branch
Nirav Modi, and the firms he controls, allegedly leveraged the loopholes in the banking system by seeking letters of undertaking (LoU) and raising credit from foreign banks to pay its merchants. An LoU is a bank guarantee issued for overseas import payments. For past seven years, Nirav Modi and his three firms-Diamond R Us, Solar Exports and Stella...
-
PNB, Hit By Massive Fraud, Warned Banks About How The Scam Worked
Before suspending 10 of its officials for giant fraud linked to celebrity jeweller Nirav Modi, Punjab National Bank (PNB) sent a caution notice to several banks explaining how it was swindled out of Rs 11,000 crore by its own officials.
-
Punjab National Bank Reports $1.8 Billion Fraud At A Mumbai Branch
India's second-biggest state-run bank said it has detected a $1.8 billion fraud at a single branch in the nation's financial hub, the impact of which could extend to other lenders as well.
