TopicNirav Modi

Topic: Nirav Modi

Abhishek Manu Singhvi: BJP’s latest bugbear in the Congress

Vandana Menon - February 26, 2018

BJP claimed Nirav Modi was a tenant in commercial property owned by Abhishek Singhvi’s family company; the Congress spokesperson called it ‘cheap politics’.

How blockchain could have prevented a PNB-Nirav Modi scam

Arifa Khan - February 26, 2018

There were plenty of systems in place to prevent the Punjab National Bank-Nirav Modi case, but they failed. A blockchain-based system might have been more effective at preventing it.

30 public sector and co-op banks are susceptible to PNB-like fraud

Anjali Shukla - February 21, 2018

Despite RBI warnings about the risks of the SWIFT messaging system, these banks have not linked it to their core banking systems.

We have not seen the last of bank scams. Put the entire diamond industry under the scanner

Abizer Diwanji - February 20, 2018

Though Rs. 11,000 crores is a large number, it is not a single credit or operations risk event but a bubble built over years.

TalkPoint: Is it impossible to fix India’s disastrous PSU banks?

ThePrint Team - February 20, 2018

Experts weigh in on the astounding 11,000 crore fraud in Punjab National Bank and how it reflects on the state of public sector banks in India.

We can’t do away with bank scams. But we can aim for an India where they are fewer

Jaithirth Rao - February 20, 2018

Money is about accounting entries. Modern scams are all about stealing accounting entries, when the system has a “reconcilement” problem.

The Nirav Modi case has played out before in this book

Vandana Menon - February 17, 2018

A case of an Indian celebrity jeweller named Nirav accused of being involved in banking fraud has taken place before: in a recent book.

Mehul Choksi bigger defaulter than Nirav Modi, probe says 143 LOUs issued over two months

Ananya Bhardwaj - February 17, 2018

CBI says Mehul Choksi alone defrauded PNB of Rs 4,886 crore, which makes him the bigger defaulter than his nephew Nirav Modi.

If Modi wants a real legacy, he must undo Indira Gandhi’s disastrous bank nationalisation

Shekhar Gupta - February 17, 2018

From Jimmy Nagarwala’s Rs 60 lakh from SBI to Nirav Modi’s Rs 11,000 crore-plus from PNB, India has a 47-year record of scams in govt banks. Why do all govts still love them?

BJP claims PNB scam began under UPA govt, CBI FIR says it happened in 2017

Ananya Bhardwaj - February 16, 2018

Investigators suspect there could be more LOUs, since bank employees accused of the fraud didn’t keep an official record.

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Topic: Nirav Modi

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Modi’s Bharat vs Indira’s India: 11-yr report card of politics, diplomacy, economy, nationalism

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