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
Top Law News RBI did not do proper auditing: CVC on PNB fraud April 4, 2018 by Legal India Admin | Leave a Comment Central Vigilance Commissioner K V Chowdary today said the Reserve Bank of India (RBI) had apparently not conducted an audit during the period of time when a Rs 13,000-crore scam hit the Punjab National Bank. Chowdary stressed the need to put into place a more robust auditing system. “They did not do this (an audit),” […] Read more » Arun Jaitley Central Vigilance Commissioner PTI Punjab National Bank Reserve Bank of India Union Finance Minister
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
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 CBI begins questioning of Rotomac owner Vikram Kothari February 21, 2018 by Legal India Admin | Leave a Comment The CBI today started questioning of Rotomac owner Vikram Kothari at its Headquarters here in connection with alleged loan default of Rs 3,695 crore towards a consortium of seven nationalised banks, officials said here. Earlier, Kothari was being questioned in Kanpur where his company and residence is located, they said. He was called here by […] Read more » Bank of Baroda had approached the CBI diamond merchant Nirav Modi Mehul Choksi PMLA Prevention of Money Laundering Act Punjab National Bank Rotomac Rotomac Global pvt Ltd Rotomac owner Vikram Kothari Vikram Kothari
Top Law News Bank under obligation to protect consumers interests: Forum October 18, 2017 by Legal India Admin | Leave a Comment The Mumbai Consumer Redressal Forum has directed the Punjab National Bank not to close the account of a lawyer over alleged rude behaviour. It also asked the lawyer, a senior citizen, to maintain cordial relations with the bank. “The opponent bank is not entitled to close account of complainant,” the forum ruled after Harish Bhatia […] Read more » Bank under obligation to protect consumers interests Court featured Forum Law Legal News Mumbai Consumer Redressal Forum PNB Punjab National Bank
Banking & Finance Law News BCCI-Nimbus row: SC asks banks to deposit Rs 400 cr April 16, 2013 by Legal India Admin | Leave a Comment The Supreme Court today asked three nationalised banks to deposit Rs 400 crore towards securing the claim of BCCI in a dispute over termination of the Rs 1,600-crore contract between the cricket board and Nimbus Communications, pending the hearing of their dispute. A bench of Justices Aftab Alam and Ranjana Desai asked Punjab National Bank, […] Read more » BCCI BCCI-Nimbus row: SC asks banks to deposit Rs 400 cr Indian Bank Justices Aftab Alam and Ranjana Desai Punjab National Bank senior advocate C A Sundaram Union Bank of India
Banking & Finance Law News Court rejects bank’s plea for FIR against customers November 15, 2012 by Legal India Admin | Leave a Comment Delhi court dismissed a plea lodge as a criminal case by a Punjab National Bank against its two customers for allegedly taking out money from a third customer’s account through an ATM card, wrongly issued to them. District Judge and Additional Sessions Judge R K Gauba dismissed the PNB plea, made against Metropolitan Magistrate Ankit […] Read more » ATM card criminal case by a Punjab National Bank District Judge and Additional Sessions Judge R K Gauba FIR against customers Indian Penal Code Metropolitan Magistrate Ankit Singla's Punjab National Bank section 200 of the CrPC.
