Tag: ,

Travel Agent Fraud

PNB fraud: 107 companies, 7 LLPs under scanner

PNB fraud: 107 companies, 7 LLPs under scanner. As many as 107 companies and seven limited liability partnerships (LLPs) are under the scanner following the billion dollar scam unearthed by Punjab National Bank (PNB). Furthermore, investigation of the select companies, as per the provisions of Section 212(1)(c) of the Companies Act, 2013 and Section 43(3)(c)(i)

Central Bureau of Investigation

PNB fraud: Vipul Ambani, others sent to 14-day judicial custody

PNB fraud: Vipul Ambani, others sent to 14-day judicial custody. A special Central Bureau of Investigation (CBI) Court on Monday sent Vipul Ambani, president (Finance) of Nirav Modi’s Fire Star Diamond and five others to judicial custody till March 19. Along with Ambani, the five others are Arjun Patil (senior executive, Firestar group), Kapil Khandelwal (CFO, Nakshatra group), Niten Shahi

PNB fraud

PNB fraud: CBI arrests General Manager of Brady House branch

The Central Bureau of Investigation (CBI) has arrested a General Manager (GM) rank officer of Punjab National Bank (PNB), Rajesh Jindal, who was the Branch Head at PNB Brady House branch in Mumbai during August 2009 to May 2011. The arrest was made on late Tuesday night.During Jindal’s tenure at PNB Brady House branch, the practice of issuance of Letter of Undertakings (LOU) without sanctioned limits to Nirav Modi group

PNB fraud: ED raids over 45 locations in 15 cities

PNB fraud: ED raids over 45 locations in 15 cities

The Enforcement Directorate (ED) on Sunday conducted searches at over 45 more locations in 15 cities across India in connection with the multi-crore Punjab National Bank (PNB) scam, an official said.The agency raided 10 places in Bengaluru, seven in Delhi, five each in Kolkata and Mumbai, four each in Chandigarh and Hyderabad, three each in

PNB fraud: Assocham calls for privatising PSBs

PNB fraud: Assocham calls for privatising PSBs

PNB fraud: Assocham calls for privatising PSBs: In light of the massive Rs 11,300 crore ($1.8 billion) scam allegedly involving jeweller Nirav Modi that has hit state-run Punjab National Bank (PNB), industry chamber Assocham said on Sunday that the government should surrender its majority control of banks, which should be allowed to function like private sector