PNB fraud case

New Delhi: The Enforcement Directorate (ED) has requested the Interpol to issue Red Corner Notice (RCN) against absconding diamentiare Nirav Modi in connection with its probe into the Rs 13,500 crore Punjab National Bank (PNB) fraud case. An ED source said that the financial probe agency has written to the Interpol requesting to issue the RCN, …

Mumbai: A day after arresting an internal auditor of PNB, the CBI on Thursday said a retired bank Chief Manager has been arrested in the Rs 12,600 crore bank fraud involving jeweller Nirav Modi and his uncle Mehul Choksi. A Central Bureau of Investigation (CBI) official in Delhi said arrested official Bishnubrata Mishra, who was Chief …

New Delhi: The Central Bureau of Investigation has arrested an internal chief auditor of Punjab National Bank in its ongoing probe into Rs 12,600 crore bank fraud case. The arrested auditor has been identified as MK Sharma, Chief Manager rank of PNB. “CBI has on Wednesday arrested an Internal Chief Auditor of Punjab National Bank in …

New Delhi: The ongoing PNB fraud case took a turn for the worse on Tuesday as the bank reported an additional Rs 1,300 crore unauthorised transactions, taking the estimated quantum to around Rs 12,600 crore in the scam related to diamond trader Nirav Modi and owner of Gitanjali Gems, Mehul Choksi. In a 11.22 pm filing …

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 on Monday, the bank said: …

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 Bhat,” a CBI official said. The …

Mumbai: State-run Union Bank of India on Thursday said that it has an outstanding exposure of about $300 million in the $1.8 billion fraud detected by Punjab National Bank (PNB) and the former was also confident of receiving the payment. PNB, the second largest public sector bank in India, had detected the $1.8 billion fraud in …