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PNB fraud: ED freezes Nirav Modi's bank account with Rs 30 crore balance

PNB fraud: ED freezes Nirav Modi's bank account with Rs 30 crore balance

The Enforcement Directorate (ED), probing the role of diamond merchant Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems, in the Rs 11,400-crore alleged fraud at the Punjab National Bank (PNB), on Friday froze bank accounts with Rs 30 crore balance, shares of Rs 13.86 crore value held in Modi's company.

Feb 23, 2018, 11:03 AM IST
Come up with workable plan to repay dues: Punjab National Bank responds to Nirav Modi's letter

Come up with workable plan to repay dues: Punjab National Bank responds to Nirav Modi's letter

In his letter to PNB, Nirav Modi said that the over-zealousness on the part of the bank to deal with the issue destroyed his jewellery brand and also jeopardised his ability to clear the dues.

Feb 22, 2018, 17:58 PM IST
PNB fraud: ED seizes 9 luxury cars of Nirav Modi; freezes shares and mutual funds worth Rs 94 crore

PNB fraud: ED seizes 9 luxury cars of Nirav Modi; freezes shares and mutual funds worth Rs 94 crore

ED froze mutual funds and shares worth Rs 7.80 crore belonging to Nirav Modi and MF and shares worth Rs 86.72 crore belonging to Mehul Choksi Group.

Feb 22, 2018, 10:34 AM IST
Rotomac bank fraud: I-T dept attaches 11 bank accounts

Rotomac bank fraud: I-T dept attaches 11 bank accounts

The Kanpur-based group is being probed by the CBI and the Enforcement Directorate in connection with an alleged bank loan fraud of Rs 3,695 crore, given by a consortium of seven banks.

Feb 20, 2018, 13:23 PM IST

PNB Scam: ED raids Nirav Modi's properties in Uttar Pradesh

The Enforcement Directorate (ED) raided different properties of PNB defaulter Nirav Modi in Uttar Pradesh. Watch the video here.

Feb 20, 2018, 07:48 AM IST
You closed all options to recover dues by going public, says Nirav Modi in letter to PNB

You closed all options to recover dues by going public, says Nirav Modi in letter to PNB

In his letter, he said that the valuation of Firestar International and Firestar Diamond International stood at Rs 6,500 crore and pleaded the banks to allow him to sell the Firestar group.

Feb 19, 2018, 23:25 PM IST
Rotomac loan fraud swells to Rs 3,695 crore; CBI, ED register case

Rotomac loan fraud swells to Rs 3,695 crore; CBI, ED register case

The CBI and the ED have tightened the noose against the promoters of the Rotomac Global Private Limited as firm's alleged loan default case touched Rs 3,695 crore.

Feb 19, 2018, 18:47 PM IST
Explain how scam took place, CVC asks PNB, Finance Ministry; PIL in SC for SIT probe

Explain how scam took place, CVC asks PNB, Finance Ministry; PIL in SC for SIT probe

The CVC has asked the PNB and the Finance Ministry to explain how several lapses leading to the loss of Rs 11,400 crore took place.

Feb 19, 2018, 17:17 PM IST
PNB fraud: ED, CBI widen probe; 200 shell firms, benami assets under scanner

PNB fraud: ED, CBI widen probe; 200 shell firms, benami assets under scanner

ED suspects that the shell firms were being used to route funds, which were then parked as land, gold and gems under fake identities.

Feb 19, 2018, 00:00 AM IST
PNB scam: ED continues to raid Nirav Modi-linked properties across 15 cities

PNB scam: ED continues to raid Nirav Modi-linked properties across 15 cities

The search operations come days after PNB, the second largest public sector bank in India, detected Rs 11,400 crore scam in one of its branches in Mumbai.

Feb 18, 2018, 18:03 PM IST

PNB Scam Case: ED continues raids at 26 different locations across country

This segment of Zee News brings to you update about PNB scam case. ED continues raids at 26 different locations across country. Watch this video for more information.

Feb 18, 2018, 17:42 PM IST
PNB fraud may cause a loss of whopping Rs 17,632 crore to banks, says Income Tax Department

PNB fraud may cause a loss of whopping Rs 17,632 crore to banks, says Income Tax Department

As of March 2017, banks had extended loans and guarantees worth $2.74 billion to firms tied to billionaire jeweller Nirav Modi and his maternal uncle Mehul Choksi.

Feb 17, 2018, 20:44 PM IST
RBI denies giving instruction to PNB over Nirav Modi case

RBI denies giving instruction to PNB over Nirav Modi case

Nirav Modi, who was alleged to have carried out fraudulent transactions worth over Rs 11,400 crore in PNB.

Feb 17, 2018, 00:08 AM IST
Sebi launches probe into trading, disclosure issues at PNB, Gitanjali Gems

Sebi launches probe into trading, disclosure issues at PNB, Gitanjali Gems

The Sebi and stock exchanges have begun analysing the stock market trade details of all entities associated with Nirav Modi including Mehul Choksi.

Feb 16, 2018, 16:35 PM IST
PNB fraud case: ED summons Nirav Modi and Choksi, asks to depose within a week

PNB fraud case: ED summons Nirav Modi and Choksi, asks to depose within a week

While Modi runs the jewellery brand chain under his name, Choksie is the promoter of Gitanjali Gems.

Feb 16, 2018, 11:31 AM IST
PNB vows to book culprits of $1.77 billion fraud; ED, CBI turn up heat on Nirav Modi

PNB vows to book culprits of $1.77 billion fraud; ED, CBI turn up heat on Nirav Modi

The Central investigation agencies moved separate applications to the MEA seeking the revocation of passports of Nirav Modi and his maternal uncle Mehul Choksi.

Feb 16, 2018, 00:17 AM IST
Meet Nirav Modi: The jeweller to Hollywood stars, accused of Rs 11,400 cr PNB fraud

Meet Nirav Modi: The jeweller to Hollywood stars, accused of Rs 11,400 cr PNB fraud

Nirav Modi's name is a stamp of corporate India's growing global prestige.

Feb 15, 2018, 22:58 PM IST
Parliamentary panel seeks report from FinMin over PNB fraud

Parliamentary panel seeks report from FinMin over PNB fraud

The state lender has suspended 10 officers and referred the matter to CBI for investigation.

Feb 15, 2018, 20:30 PM IST
PNB fraud: ED seizes assets worth Rs 5,100 crore during searches in Nirav Modi case

PNB fraud: ED seizes assets worth Rs 5,100 crore during searches in Nirav Modi case

The probe agency also seized 95 documents including import bills and applications.

Feb 15, 2018, 19:38 PM IST
Nirav Modi gave vague offers to repay money, says PNB chief Sunil Mehta

Nirav Modi gave vague offers to repay money, says PNB chief Sunil Mehta

The country's second largest PSU bank has detected Rs 11,400 crore scam, where billionaire jeweller Nirav Modi allegedly acquired fraudulent LoU from a Mumbai branch.

Feb 15, 2018, 18:48 PM IST