The Enforcement Directorate has attached absconding jeweller Nirav Modi’s assets and valuable worth Rs 255 crore in Hong Kong in connection with $2 billiion alleged fraud in Punjab National Bank.
Nirav Modi
Senior Executive Of Nirav Modi Firm Gets Bail : PNB Scam
Gold Silver Reports (GSR) – Ambani, president of finance at Modi’s firm Fire Star Diamond, was arrested by the Central Bureau of Investigation in February this year. According to the CBI, Ambani was aware of the fraudulent letters of undertaking issued by PNBs former deputy manager Gokulnath Shetty in favour of Modi’s firms.
Punjab National Bank to consider capital infusion of Rs 2,816 crore by Government of India on Aug. 6.
Punjab National Bank to consider capital infusion of Rs 2,816 crore by Government of India on Aug. 6.
Nirav Modi in Connection with a Money Laundering Case Related to the $2 Billion Nirav Modi in connection with a money laundering case related to the $2 billion Punjab National Bank loan fraud
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 Jewelers in India are Expecting a Cool Reception in the Short Term
Gold Silver Reports (GSR) – Gold Jewelers in India are Expecting a Cool Reception in the Short Term — Joyalukkas Group has put an initial share sale of its jewelry business on hold and will revisit the proposal after national elections next year, Baby George, chief executive officer of the Kerala-based company, said in an interview Thursday. The fraud claims also have seen banks review funding for the gem and jewelry sector, he said. Gold jewelers in India are expecting a cool reception in the short term to any plans to publicly trade shares in the wake of an alleged $2 billion fraud by jewelers Nirav Modi and Mehul Choksi.
Modi Under Fire as Alleged $2 Billion Fraud Hits Anti-Graft Image
Gold Silver Reports (GSR) — Shortly after a $2 billion bank fraud was uncovered last month at India’s state-owned Punjab National Bank, a picture emerged of Prime Minister Narendra Modi with the alleged fraudster.