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PNB scam: Letter Rogatory sent to seven countries
Updated : 8 years, 2 months ago IST
New Delhi, [India] Mar 14 (ANI): The Enforcement Directorate (ED) on Wednesday has sent Letters Rogatory (LR) to seven more countries where Nirav Modi and Mehul Choksi have businesses and properties in connection with their frauds.
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No banking regulator can catch, prevent all frauds: Urjit Patel
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar. 14 (ANI): In view of the recent Nirav Modi-led Punjab National Bank (PNB) fraud case, Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday said that it is not possible for any banking regulator to catch or prevent all frauds.
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Former Forever Diamond director in custody
Updated : 8 years, 2 months ago IST
Mumbai [Maharashtra] [India], Mar. 13 (ANI): Former Forever Diamond director Hasmukh Shah was sent to a 14-day police custody on Tuesday in connection with Winsome Diamonds fraud case.
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PNB internal auditor sent to judicial custody
Updated : 8 years, 2 months ago IST
Mumbai [Maharashtra] [India], Mar 13 (ANI): Punjab National Bank's (PNB) internal auditor for a Mumbai branch, M.K. Sharma, was on Tuesday sent to a 14-day judicial custody in connection with the multi-crore scam.
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Nirmala Sitharaman invites private sector in Defence
Updated : 8 years, 2 months ago IST
New Delhi, Mar 12 (ANI): Defence Minister Nirmala Sitharaman on Monday said the private sector should invest in the Defence sector because the area has vast opportunities.
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Parties neglecting farmers are wrong: Kamal Haasan
Updated : 8 years, 2 months ago IST
Erode (Tamil Nadu) [India], Mar. 11 (ANI): Actor-turned-politician Kamal Haasan on Sunday opined that any political party that neglects farmers' interests in not going in the right direction.
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PNB fraud: Chidambaram hints at foul play
Updated : 8 years, 2 months ago IST
Bengaluru (Karnataka) [India], Mar. 11 (ANI): In the wake of the billion-dollar Punjab National Bank (PNB) fraud, former Finance Minister P. Chidambaram alleged that the accused were assisted "at some level."
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Passport details compulsory against loans higher than Rs 50cr
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar. 10 (ANI): In the wake of recent scams unearthed in the banking sector, the Centre on Saturday directed public sector banks (PSBs) to collect passport details of new borrowers seeking to avail loans higher than Rs 50 crore.
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Nirav Modi will take time to return because of security concerns: lawyer
Updated : 8 years, 2 months ago IST
Mumbai (Maharashtra) [India], Mar. 10 (ANI): The lawyer of businessman Nirav Modi on Saturday said that his client has sent a response to the Central Bureau of Investigation's (CBI) summon, stating that he will take time to return to India as there are security concerns.
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Fintech innovator Valocity appoints Sachin Sandhir as CEO
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar 9 (Businesswire-India): Valocity, a leader in mortgage and valuation technology, has appointed Sachin Sandhir as Chief Executive Officer to head its business operations in India as part of its global expansion. The first of its kind technology, Valocity has completely
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Collusive corruption common at PSBs: Survey
Updated : 8 years, 2 months ago IST
New Delhi [India], Mar. 9 (ANI): In the backdrop of the recent scams reported in the banking sector, citizens have flagged concern on various aspects of business-banker nexus and the gaps that exist, particularly of collusive corruption existing among (PSBs).
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CBI registers fresh case against 2 firms of Nirav Modi
Updated : 8 years, 2 months ago IST
New Delhi [India] March 8 (ANI): The Central Bureau of Investigation (CBI) on Thursday registered a fresh case against two firms of Nirav Modi in connection with the multi-crore Punjab National Bank (PNB) fraud case.
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