High Profile Cases Nirav Modi to make another bail plea in UK court on May 8 May 3, 2019 by Legal India Admin | Leave a Comment Fugitive diamond merchant Nirav Modi would make another bail plea on May 8 at the UK court where he is undergoing extradition proceedings to India in the Punjab National Bank (PNB) fraud and money laundering charges amounting to up to USD 2 billion. The 48-year-old, who has been behind bars at Wandsworth prison in south-west […] Read more » Fugitive diamond merchant Fugitive diamond merchant Nirav Modi money laundering charges amounting to up to USD 2 billion Nirav Modi PNB fraud Punjab National Bank
High Profile Cases Finance Minister Arun Jaitley slams regulators’ failure to detect PNB fraud February 25, 2018 by Legal India Admin | Leave a Comment Finance Minister Arun Jaitley today slammed regulators for failing to detect the Rs 11,400-crore fraud at Punjab National Bank for seven long years, saying unlike politicians, regulators in the Indian system are unaccountable. Speaking on the scam for the second time this week, he said employees conniving with fraudsters is worrisome. Also worrisome is that […] Read more » Arun Jaitley featured Finance Minister Finance Minister Arun Jaitley PNB fraud PNB fraud PMLA case Punjab National Bank Rs 11400-crore fraud at Punjab National Bank
High Profile Cases PNB fraud : ED attaches houses and land worth INR 523cr of Nirav Modi group February 25, 2018 by Legal India Admin | Leave a Comment The Enforcement Directorate (ED) on Saturday attached 21 properties, including a penthouse and a farmhouse, of Nirav Modi and his group worth over INR 523 crore in fresh action against the beleaguered jeweller in the alleged Rs 11,400 crore fraud in the PNB The central probe agency said it has issued a provisional order for […] Read more » featured Nirav Modi group PMLA PMLA Nirav Modi PNB fraud
Top Law News PNB fraud : Vipul Ambani and 5 others in CBI custody till Mar 5 February 22, 2018 by Legal India Admin | Leave a Comment A special court here today remanded Vipul Ambani, the president (finance) of Nirav Modi’s Fire Star Diamond, and five others in CBI custody till March 5 in connection with the Rs 11,400 crore alleged fraud in Punjab National Bank (PNB). The six were arrested yesterday in connection with two FIRs registered by the CBI involving […] Read more » CFO Kapil Khandelwal featured Gitanjali group Kavita Mankikar Nakshatra group Nirav Modi PNB PNB fraud PNB fraud PMLA case Punjab National Bank Special Court Judge S R Tamboli Vipul Ambani
High Profile Cases PNB fraud: Centre opposes plea for SIT probe February 22, 2018 by Legal India Admin | Leave a Comment The Centre today opposed in the Supreme Court a PIL seeking an independent probe and deportation of billionaire jeweller Nirav Modi in the over Rs 11,000 crore PNB fraud case, saying an FIR has been lodged and a probe was on. A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D […] Read more » Attorney General K K Venugopal Chief Justice Dipak Misra featured Justice A.M. Khanwilkar Justice D.Y. Chandrachud PNB PNB fraud PNB fraud PMLA case Punjab National Bank Reserve Bank of India Rs 11000 crore PNB fraud case
Criminal Law News ED summons Nirav Modi and Mehul Choksi in PNB fraud PMLA case February 16, 2018 by Legal India Admin | Leave a Comment The ED today issued summons for appearance to billionaire diamond merchant Nirav Modi and his business partner Mehul Choksi in connection with its money laundering probe in the Rs 11,400 crore alleged fraud in Punjab National Bank (PNB), officials said. They said both Modi and Choksi were summoned under the Prevention of Money Laundering Act […] Read more » defrauded bank funds ED summons Nirav Modi featured Mehul Choksi Nirav Modi PMLA PMLA case PNB fraud Prevention of Money Laundering Act
