Wednesday, May 23, 2018

PNB retirees urges confidence building measures by government

New Delhi |Tuesday, 2018 8:45:00 PM IST
The Pensioners and Retirees Association of the multi-crore fraud-hit Punjab National Bank (PNB) has called upon the central government to initiate "confidence building exercise" as recent developments have "demoralised bankers" and underminned the importa... read..

PNB Scam: ED attaches Nirav Modi's assets worth Rs. 171.26Cr

New Delhi [India] | May 21, 2018 11:41:28 PM IST
The Enforcement Directorate (ED) on Monday attached bank accounts, properties and other beneficiaries worth Rs. 171.26 crore owned by absconding jewellery designer Nirav Modi under the Prevention of Money Laundering Act 2002 (PMLA).... read..

PNB fraud: ED attaches Nirav Modi's properties worth Rs 171 cr

New Delhi |Monday, 2018 10:45:01 PM IST
The Enforcement Directorate (ED) on Monday said that it has attached more properties of the absconding diamantaire Nirav Modi worth Rs 171 crore as part of its probe in the multi-crore Punjab National Bank (PNB) fraud.... read..

FinMin seeks new appointments in PNB, Allahabad Bank

New Delhi [India] | May 21, 2018 8:11:30 PM IST
In the wake of the banking scams unearthed recently, the Finance Ministry on Monday wrote to the Banks Board Bureau (BBB) asking them for new appointments to be made in the top level of Punjab National Bank (PNB) and Allahabad Bank.... read..

PNB fraud: ED seizes Rs 85 cr jewellery in Choksi case

New Delhi |Friday, 2018 1:36:53 PM IST
The ED on Thursday seized over 34,000 pieces of jewellery valued at Rs 85 crore in connection with its ongoing probe against absconding businessman Mehul Choksi who is accused along with his diamantaire nephew Nirav Modi of defrauding the Punjab National ... read..

PNB scam: ED issues summons to Nirav Modi's father, sister

New Delhi |Friday, 2018 3:45:05 PM IST
The Enforcement Directorate (ED) has issued summons to absconding diamantaire Nirav Modi's father Deepak Modi, sister Purvi Mehta and her husband Mayank Mehta as part of its probe in the multi-crore Punjab National Bank (PNB) fraud, an official said here ... read..

SEBI warns PNB over late disclosure of Nirav Modi fraud case

Mumbai |Thursday, 2018 4:45:01 PM IST
Securities market regulator Securities and Exchange Board of India (SEBI) has warned state-owned Punjab National Bank (PNB) over the delay in regulatory disclosures to stock exchanges with regard to the Nirav Modi fraud case.... read..

CBI chargesheet blames PNB officials in Gitanjali Group scam (Lead)

Mumbai |Wednesday, 2018 8:45:00 PM IST
Putting the blame squarely on the top officials of the Punjab National Bank (PNB), the Central Bureau of Investigation (CBI) filed a second chargesheet in the Rs 7,080.86 crore fraud case against absconding diamantaire Mehul Choksi, his Gitanjali Group of... read..

Sensex down 156 pts, PNB shares plunge 14 pct

New Delhi [India] | May 16, 2018 7:41:45 PM IST
Market indices recovered in evening trade on Wednesday with the Sensex down about 156 points, after a significant plunge in the morning, following correction in banks stocks after Punjab National Bank (PNB) reported a massive loss in the fourth quarter of... read..

CBI files second charge sheet in PNB scam

Mumbai | Wednesday, May 16 2018 IST
Central Bureau of Investigation (CBI) on Wednesday filed the second chargesheet in the Punjab National Bank-Nirav Modi fraud case. In its charge sheet the investigation agency has claimed that 7000 crore is the amount of the scam committed by Mehul Chok... read..

PNB shares plunge 14% after Q4 loss, Jefferies suggests bailout

Mumbai |Wednesday, 2018 4:45:00 PM IST
Shares of multi-crore fraud hit Punjab National Bank (PNB) slumped around 14 per cent (intra-day) on Wednesday, a day after the bank reported a loss of over Rs 13,000 crore for the fourth quarter of 2017-18.... read..

PNB fraud: CBI files second chargesheet naming Choksi, firms

Mumbai |Wednesday, 2018 4:15:02 PM IST
The CBI on Wednesday filed a second chargesheet in the Punjab National Bank (PNB) fraud case against diamond merchant Mehul Choksi and his Gitanjali Group's companies.... read..

PNB scam: CBI names Mehul Choksi as 'wanted'

Mumbai (Maharashtra) [India] | May 16, 2018 4:11:51 PM IST
The Central Bureau of Investigation (CBI) on Wednesday filed the second chargesheet in connection with the Punjab National Bank (PNB) fraud case and named main accused Nirav Modi's uncle Mehul Choksi as 'wanted'.... read..
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