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Friday, November 7, 2025
TopicNirav Modi

Topic: Nirav Modi

We’ll fly you back to India, CBI tells Nirav Modi. I’m too busy, he replies

CBI informs him it is mandatory for a suspect to respond to summons and join the probe, he doesn’t reply to the second email.

Punjab National Bank discussed fraud prevention in 2016, but didn’t introduce safeguards

A report to the central government says Punjab National Bank had debated putting in place safeguards to prevent fraud in 2016, but put no systems in place. 

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

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

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

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

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?

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

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

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

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

On Camera

Nur Jahan to Chand Bibi—Indian women in sports have been erased from history

Dice have been found dating to the Bronze Age in various Harappan sites in present-day northwest India and throughout Pakistan. And it’s very possible that some had female owners.

Vodafone Idea AGR case, explained: SC breather to cash-strapped telco & what it means for industry

Telecom industry keeping close tabs on the case. Government is single largest shareholder in Vodafone Idea, at 49 percent.

‘Let them see’: Putin says new nuclear-powered missiles in the making, in message to Washington

At a ceremony felicitating Russian military engineers, Putin highlights Moscow’s 'parity' in defence technologies for the next century.

Trump’s trade wars have rewritten powerplay, but India didn’t get the memo

This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.