PNB Loan Fraud: Nirav Modi says he is penniless; borrowing money to pay for UK court fines
Fugitive diamond merchant Nirav Modi, who is facing deportation for trial on charges of fraud and money laundering in India, has said he does not have any money and is borrowing funds to cover the court-mandated legal expenses, which exceed 150,000 pounds, according to a report in the media.
PNB scam hit Nirav Modi's Alibaug bungalow demolished by using dynamite
New Delhi, Mar 8 (IBNS): In a major development, government officials on Friday demolished the luxurious bungalow belonging to Punjab National Bank (PNB) scam accused business tycoon Nirav Modi, media reports said.
Nirav Modi accuses PNB of destroying his business
New Delhi, Feb 20 (IBNS): Diamond czar Nirav Modi has accused the Punjab National Bank (PNB) of destroying his brand and business, media reports said.
PNB scam: Nirav Modi's fraud LoUs issued or renewed mostly in 2017-18, says CBI
New Delhi, Feb 17 (IBNS): The Central Bureau of Investigation (CBI) has recently stated that most of the fraud Letters of Understandings (LoUs) were issued or renewed by diamond czar Nirav Modi and his kin, who are alleged to have been involved in the country's biggest bank scam, in the year 2017-2018, media reports said.
New Delhi, Feb 16 (IBNS): Delhi Chief Minister Arvind Kejriwal on Friday asked the BJP government at the Centre to specify a timeline by which Vijay Mallya and Nirav Modi will be brought back to India.
MEA suspends validity of passport of Nirav Modi and Mehul Choksi
New Delhi, Feb 16 (IBNS): India's Ministry of External Affairs (MEA), on Friday, on the advice of the Enforcement Directorate, suspended the validity of passports of billionaire diamond jeweler Nirav Deepak Modi and his alleged partner Mehul Chinubhai Choksi, with immediate effect for a period of four weeks, according to media reports.
Interpol diffusion notice against Nirav Modi, wife and others, Nirav Modi may be in NY
New Delhi, Feb 16 (IBNS): The INTERPOL (Interpol) has issued a diffusion notice against India's billionaire jewelry designer Nirav Modi, his wife Ami Modi, brother Nishal Modi and alleged partner Mehul Choksi, according to media reports on Friday.
Nirmala Sitharaman blames UPA government for PNB scam
Shillong, Feb 15 (IBNS): Union Defence Minister Nirmala Sitharaman blamed the former UPA government for the alleged Punjab National Bank scam.
PNB CEO Sunil Mehta says bank is capable of coming out of the situation, needs breathing time
New Delhi, Feb 15 (IBNS): Punjab National Bank (PNB) finally came out with their version of the Nirav Modi scam on Thursday with the bank's Chief, Sunil Mehta, addressing a media conference.
Kashmir: Massive fire guts several buildings
Srinagar, Jan 13 (IBNS): A massive fire gutted several buildings, including two banks and a post office in Srinagar, reports said.