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Wednesday, December 3, 2025
TopicPNB Scam

Topic: PNB Scam

Enforcement Directorate attaches assets worth Rs 637 crore of Nirav Modi

The Punjab National Bank case is one among very few where Indian agencies have attached assets abroad in a criminal probe.

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

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

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

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

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

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

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

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

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

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".

On Camera

The politics of air pollution—how they are fooling the citizens

Greens have a sizeable support in the Western countries with clean air and blue skies, but not in India, where poisonous air, water and soil kill millions.

India’s Insolvency & Bankruptcy Code is struggling to deliver. It’ll take a decade to clear backlog

The Centre is considering an increase in the National Company Law Tribunal's bench capacity, while the Standing Committee of Finance suggests fast-track courts. 

India to commission new squadron of submarine-hunting Romeo choppers in Goa later this month

The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.

Gaali cricket: Bavuma stands tall, India’s Test ego cut to size

The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.