Punjab National Bank fraud absconder Mehul Choksi has opposed the CBI’s plea to Interpol seeking a red corner notice against him on grounds that “conditions in Indian jails are not good”. Choksi, one of the accused in the Rs 14000 crore PNB scam, has taken a leaf out of another[Read More…]
Tag: PNB Scam
Mehul Choksi’s passport issued without police verification: Mumbai Police
Mumbai: Mumbai Police on Saturday said the Regional Passport Office (RPO) here had issued a passport to the absconding diamantaire Mehul Choksi, one of the prime accused in the PNB fraud, after granting him a no ‘Police Verification Required (PVR) status. Accordingly, no PVR was generated for the passport, issued[Read More…]
PNB Fraud Case: Mehul Choksi claims to be lawful citizen of Antigua
Gitanjali Group of firms owner Mehul Choksi, involved in a Rs 14,000 crore Punjab National Bank (PNB) banking scam in India, confirmed through a legal response on Friday that that he moved to Carribbean nation of Antigua from the US weeks ago using a local passport. Fugitive Choksi claims he[Read More…]
PNB scam: Additional Rs 1,300 cr fraud revealed
Mumbai: The fraud-hit Punjab National Bank (PNB) has reported an additional Rs 1,300 crore unauthorised transactions, taking the estimated quantum to Rs 12,600 crore in the scam related to diamond trader Nirav Modi and owner of Gitanjali Gems, Mehul Choksi. In a 11.22 p.m., late night filing with the stock exchanges[Read More…]
PNB fraud: Ex-Deputy Bank Manager Gokulnath Shetty arrested
New Delhi: The Central Bureau of Investigation (CBI) has arrested Punjab National Bank’s retired Deputy Manager, Gokulnath Shetty and two others in a multi-crore bank fraud case, officials said on Saturday. “CBI has Shetty, Single Window Operator Manoj Kharat and authorised signatory of the Nirav Modi Group of Firms, Hemant[Read More…]
Industry chambers condemn $1.8 bn fraud, rap functioning of PSU banks
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[Read More…]