scorecardresearch
Thursday, August 14, 2025
TopicPNB Scam

Topic: PNB Scam

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".

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

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

India requests Antigua and Barbuda to detain Mehul Choksi

India's high commission at Georgetown has requested authorities to restrict Choksi's movements by land, sea and air. New Delhi: India requested authorities in Antigua and...

On Camera

Asim Munir wants to be guardian of the Middle East. He’s fated to fail at home

Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

India, US troops to undertake joint military exercise next month, first after Op Sindoor

21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.