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Thursday, November 13, 2025
TopicPNB Scam

Topic: PNB Scam

Like nephew, Mehul Choksi used shell firms to keep spoils of Rs 13,600 crore PNB con: ED

Rajesh Ahuja, HT -
ED has accused Choksi of diverting Rs 3,257 crore of the Rs 6,000 crore credit accessed by his group companies from PNB.

Not just banks, India’s entire economy is a victim of Nirav Modi and Mehul Choksi’s scams

Vrishti Beniwal -
The cost of funds for exporters and importers has risen as industries are forced to seek new credit tools with smaller enterprises taking the largest hit

Nirav Modi sent & received same diamonds worth millions by FedEx: US probe

Josh Saul -
A 3 carat large yellow diamond was allegedly shipped at least 4 times between Modi's shadowy companies over 5 weeks in 2011.

Parliament panel tells RBI: Don’t equate genuine business failures with wilful defaulters

D.K. Singh -
Standing committee on finance also tells central bank to stop ‘knee-jerk’ reactions like discontinuing LoUs which it did after Nirav Modi ‘fraud’.

Choksi extradition does not require Interpol red-corner notice: CBI tells foreign ministry

PTI -
CBI has already written to its counterpart agency in Antigua for the provisional arrest of Choksi.

US examiner’s findings on Nirav Modi likely to bolster India’s case

Subhadip Sircar -
Examiner John J. Carney has found evidence that three US firms were directly involved in the Nirav Modi fraud case. 

After Mehul Choksi & Nirav Modi, SEBI fears this TMC MP will be next to flee the country

Ritika Jain -
In a July affidavit in Calcutta HC, SEBI submitted that Singh allegedly ‘siphoned off’ close to $100 mn to accounts in Europe.

Nirav Modi’s family summoned to court under new fugitive act

PTI -
If Modi's family fails to appear, their assets will be confiscated under the new Act, says a Mumbai court. New Delhi: A special Fugitive Economic Offenders Act...

A 2016 affidavit filed in Gujarat HC had warned about Mehul Choksi’s escape from India

Apurva Vishwanath -
The affidavit says Choksi is a "most intelligent and powerful influential identity and has hired a whole legal team for the purpose of doing systematic fraud".

Outgoing Bank of Baroda chief tells Modi govt: Stay Out, you’re hurting us

Anto Antony -
According to Ravi Venkatesan, greater powers over management and decision making will enable banks to tap capital markets and strengthen their balance sheets.
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