Patna, At least three persons have been killed by unidentified gunmen over the past 12 hours in three different districts of Bihar, prompting a scathing attack by the opposition on Chief Minister Nitish Kumar’s governance. The latest victim being a construction firm owner, who was gunned down in broad daylight[Read More…]
Tag: PNB
PNB customer care official abducted, killed in Gaya district, Bihar
Gaya: A Punjab National Bank (PNB) customer care personnel was abducted and later killed by unidentified criminals in Gaya district in Bihar. The bank’s Customer Service Point (CSP) in-charge Pintu Singh was abducted late on Friday from near Amas, Officer in-chrage of Amas Police station Shayam Lal Sarah said. After[Read More…]
DRT notices to Nirav Modi, family to recover Rs 7,000 cr
Mumbai: The Debt Recovery Tribunal (DRT) on Monday served notice to absconding diamantaire Nirav Modi, his family members and his companies to recover over Rs 7,000 crore in dues. The notices by the DRT-1 Registrar, A. Murali, came six months after the beleaguered Punjab National Bank (PNB) had moved the tribunal[Read More…]
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…]
Interpol issues Red Corner Notice against Nirav Modi
On the request of CBI, Interpol has issued a Red Corner Notice against absconding billionaire jeweller Nirav Modi in connection with billion dollar fraud Punjab National Bank (PNB) scam. Jeweller Nirav Modi and his maternal uncle Mehul Choksi are accused of defrauding the state run Punjab National Bank to the[Read More…]
PNB shares plunge 14% after Q4 loss, Jefferies suggests bailout
Mumbai: 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. Looking at the bank’s Q4 earnings, financial services company Jeferries said in a[Read More…]
PNB fraud accused Choksi says impossible to return to India
New Delhi: Gitanjail Group promoter Mehul Choksi, accused of involvement in the Rs 12,600 crore fraud against the Punjab National Bank (PNB), has said it was “impossible” for him to return to India, citing health reasons and suspension of his passport. In a March 7 dated letter emailed to the[Read More…]
CBI registers fresh Rs 321 crore case against Nirav Modi
New Delhi: The CBI on Thursday said that it has registered a fresh case against diamantaire Nirav Modi for causing a loss of Rs 321 crore to Punjab National Bank (PNB) by availing different credit facilities between 2013 and 2017. According to a Central Bureau of Investigation official, the case[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…]
False allegations levelled against me but truth will prevail: Choksi to employees
New Delhi: One of the accused in the $1.8 billion Punjab National Bank (PNB) fraud, Gitanjali Gem’s owner Mehul Choksi has written to a letter to his employees claiming his innocence stating that the company cannot pay the employees their dues at present. “I am constrained to write the present[Read More…]
Singhvi gets IT notice for Nirav Modi purchases
New Delhi: The Income Tax Department on Tuesday said an “inquiry notice” was sent to Congress leader Abhishek Manu Singhvi’s wife Anita who had allegedly bought diamonds and jewellery worth Rs 6.5 crore from a store owned by fugitive Nirav Modi. “An inquiry notice has been served to Anita Singhvi[Read More…]
Arrested PNB officials illegally accessed Level-5 SWIFT password, shared it with firm
New Delhi: The arrested deputy manager of Punjab National Bank (PNB) has told investigators that he had unauthorisedly obtained Level-5 password to the SWIFT system to authorise issuance of money through Letters of Undertaking (LoUs) and Foreign Letters of Credit (FLCs). Shetty made the startling revelations when sleuths of Central[Read More…]
PNB fraud: ED raids over 40 locations in several cities on Monday
New Delhi: The Enforcement Directorate (ED) on Monday conducted searches at over 40 more locations in several cities across India in connection with the multi-crore Punjab National Bank (PNB) scam, an official said. The agency raided 10 places in Mumbai, six each in Ahmedabad and Bengaluru, four in Chennai, three[Read More…]
Two Gitanjali officials named in CBI FIR resign
Mumbai: Following the unravelling of the $1.8 billion Punjab National Bank (PNB) fraud, two senior officials of Gitanjali Gems — Chandrakant Karkare and Pankhuri Warange — resigned from the company, according to a regulatory filing with the stock exchanges on Monday. Industry chambers condemn $1.8 bn fraud, rap functioning of[Read More…]
CBI registers FIR against Gitanjali group in $1.8 bn fraud case
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)[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…]
Who let Nirav Modi flee India, asks Congress
New Delhi: The Congress on Thursday lashed out at Prime Minister Narendra Modi on the Rs 11,500 crore fraud in the PNB and asked him to come clean on the government’s “failure” to prevent the scam and identify those who helped the alleged kingpin, billionaire jeweller Nirav Modi, to flee the[Read More…]
Mamata wants PNB fraud probed, FRDI Bill scrapped
Kolkata: West Bengal Chief Minister Mamata Banerjee on Thursday demanded a thorough investigation into the fraudulent transactions worth $1.8 billion in Punjab National Bank and said she would not let the Central government off the hook until the people’s money is secured. Banerjee said she has written to the Finance[Read More…]
Women delivers baby in bank queue at Kanpur
It may sound bizarre but it is true that a woman delivered a child while standing in a queue to withdraw cash in front of Punjab National Bank in Jhinjhak area of Kanpur Dehat district. Women customers helped Sarvesha Devi, a resident of Sardarpur Ke Majra Shahpur Dera, deliver the[Read More…]
Now swipe your SBI, PNB debit cards in some Ola cabs for cash
Cash can now be withdrawn by swiping debit cards at select Ola cabs as India’s largest ride-hailing service partners with lenders like State Bank of India (SBI) and Punjab National Bank to ease cash crunch. With banks and ATMs not being able to cope with the rush for access to[Read More…]