New Delhi, Feb 16: The CBI on Friday registered an FIR against the Gitanjali Group of companies based on a complaint registered by the Punjab National Bank in a multi-crore fraud case, sources said.
The PNB had filed the complaint on February 13 in the Rs 11,515 crore ($1.8 billion) fraudulent transactions.
Searches were underway on Friday at 20 locations related to the Gitanjali Group of companies in six cities and five states, the source added. Mehul Choksi, uncle of Nirav Modi, is the chairman of the Geetanjali Group
Billionaire diamond trader, Nirav Modi has been accused by the PNB of fraud along with his wife, Ami and brother Nishal Modi and partner Choksi.
On Thursday, several outlets belonging to the Modis and Choksi wre searched by the Enforcement Directorate. Assets, including gold, jewellery and diamonds had been seized.
Live Cricket Score, India vs South Africa 2018, 6th ODI in Centurion: Bumrah gets rid of Heinrich Klaasen
OVERS 30.3: OUT! Jasprit Bumrah got rid of Heinrich Klaasen (22). South Africa 135/4
OVERS 20.5: OUT! AB de Villiers misses a cut shot and is bowled by Chahal. SA 106/3 after 21 overs
OVERS 18: 16 RUNS! AB de Villiers hit three consecutive fours as Kuldeep Yadav conceded 16 in the over. South Africa 88/2
OUT! Superb catch by Iyer at extra-cover, almost to make up for all the dropped chances earlier in the series, and Thakur is ecstatic! Gets his second wicket, this time that of the skipper! Markram failed to read the slower ball on this occasion and ended up miscuing the drive. SA 43/2
Markram c Iyer b Thakur 24(30)
OVERS 6.3: OUT! Shardul Thakur provided India with an early breakthrough, dismissed Hashim Amla for 10. South Africa 23/1
Centurion: India skipper Virat Kohli won the toss and put South Africa in to bat in the sixth and final One-day International at the Supersport Park here on Friday.
Already 4-1 up in the series, the visitors decided to rest paceman Bhuvneshwar Kumar and included youngster Shardul Thakur in the playing XI while the hosts made four changes after the 73-run loss in the fifth ODI at Port Elizabeth.
Bowling all-rounder Chris Morris was recalled to the team along with Farhaan Behardein, Imran Tahir and Khaya Zondo, replacing Kagiso Rabada, David Miller, Tabraiz Shamsi and Jean Paul Duminy.
India: Shikhar Dhawan, Rohit Sharma, Virat Kohli (Captain), Ajinkya Rahane, Shreyas Iyer, Hardik Pandya, Mahendra Singh Dhoni(WK), Shardul Thakur, Kuldeep Yadav, Jasprit Bumrah, Yuzvendra Chahal.
South Africa: Hashim Amla, Aiden Markram (Captain), AB de Villiers, Khaya Zondo, Farhaan Behardien, Heinrich Klaasen(WK), Chris Morris, Andile Phehlukwayo, Imran Tahir, Morne Morkel, Lungisani Ngidi.
New Delhi: Two days after the $1.8 billion fraud in Punjab National Bank (PNB) was disclose, industry chambers on Friday condemned the incident criticising the functioning of public sector banks.
"Alleged fraudulent transactions worth Rs 11,300 crore from a single branch of the Punjab National Bank with the connivance of the junior official(s) shows how vulnerable the Indian banks, especially those in the public sector, have become, with a dangerous potential contagion in the country's financial system," a statement by Assocham said.
The Federation of Indian Chambers of Commerce and Industry (FICCI) condemned the illegal and unethical business practices adopted in the recent PSU Bank fraud case and commends the speed with which the government agencies including Enforcement Directorate, Central Bureau of Investigation and other agencies have moved to take the investigation forward.
Fraudsters should be expeditiously punished in accordance with the law, the chamber said.
FICCI also recommended that in order to strengthen systemic and others risk management systems within the banking ecosystem, a thorough root cause analysis be done to plug the gaps and ensure there is no repeat of any wrongdoing that impacts the rightful functioning of any banking institution while discharging its duties to its customers and stakeholders.
"FICCI defends the freedom of business enterprise but does not support illegal and unethical business practices," said Rashesh Shah, President, FICCI.
"The fact that an officer of the level of a deputy manager, as is being reported in the media, could single handed wreck not only the country's second largest PSU bank but also several other lenders shows how the risk management system is lacking in these entities and how a chain of command system was not there or was not followed," said D S Rawat, Secretary General, ASSOCHAM.
He said with growing size of the Indian economy, the size of the banks and other financial institutions have also become large enough to leave a huge contagion, in case things go wrong.
"The PNB incident should open our eyes to the malaise and a huge gap that exists in building a foolproof risk detection and management. Ironically, even the regulator, which is the RBI, could not detect the problem well in time. After all, the RBI inspection is considered a routine affair in the bank branches," Rawat added.
He said "the scandal" has broken at a worse time for the banks which are battling a humongous problem of the non-performing assets.
"The PNB incident should not be allowed to shake confidence of depositors in the banking system. Such incidents would also make the public more apprehensive about the impending FRDI Bill," he said.
Mumbai: Actress Disha Patani, gearing up for the release of her upcoming film "Baaghi 2", says it is tough to cope up with the energy level of her co-star Tiger Shroff.
Tiger is considered as one of the best dancers from the Hindi film industry.
Asked about her experience of dancing along with Tiger in "Baaghi 2", Disha said: "I am very excited for 'Baaghi 2'. The trailer is coming on February 21, so let's see. I can't wait to see the trailer of our film.
"I had to do lot of hard work because he is very hardworking and to cope up with his energy levels, is very hard. It was difficult, but we share a rapport together, and I managed it."
Disha was present at the Nykaa.com Femina Beauty Awards on Thursday in Mumbai.
On her experience working with director Ahmed Khan in "Baaghi 2", she said: "He is amazing and he is such a darling. Whatever I have performed in the film, is because of him"
Disha is known for her amazing dancing skills and she combines her dancing with her daily routine of exercise, She keeps posting her dance videos on Instagram and these are well-received by netizens.
"I do it as a hobby. I like dancing and I want to learn different forms of dancing."
Asked about a negative thing she feels she has in her personality, Disha said: "I am socially super awkward but I can fake it well."
Shillong: Defence Minister Nirmala Sitharaman on Thursday blamed the UPA government for the Rs 11,500 crore fraud in the Punjab National Bank blamed on diamond merchant Nirav Modi and said action will be taken against those responsible.
"This happened in UPA's time and has been kept suppressed. It is their gift. In fact, we have brought it out. There will be action definitely," she told reporters here.