Gold Silver Reports (GSR) — Nirav Modi in connection with a money laundering case related to the $2 billion Punjab National Bank loan fraud, officials said.
Gold Silver Reports (GSR) – Russia Detains Tycoon Magomedov Over Suspected Fraud — “All of the allegations against me don’t stand up to logical criticism,” Interfax reported Ziyavudin Magomedov as saying in court. He’ll appeal his arrest, his lawyer, Alexander Vershinin, was cited as saying.
Union Bank Slumps On Report Of Loan Fraud Shares of the Mumbai-based government-owned bank fell as much as 8.76 percent, the most in over a month, to Rs 86.40. A bank fraud came to light with the CBI filing a case against Hyderabad-based Totem Infrastructure Ltd for allegedly defrauding a consortium of eight banks led …
Gold Silver Reports (GSR) – HDIL Falls After Report Says Case Filed On Mumbai Unit For Fraud — Shares of the Mumbai-based real estate developer fell as much as 7 percent to Rs 41.40 after Maharashtra’s housing authority accused Guruashish Construction, a subsidiary of HDIL for selling chunks of its land to other developers and failing to build 3,000 flats for public housing, The Times of India newspaper reported.