Gulf Times - Punjab-National-Bank
Billionaire jeweller Nirav Modi denied bail in London over bank fraud case

Billionaire jeweller Nirav Modi denied bail in London over bank fraud case

Fugitive billionaire jeweller Nirav Modi was denied bail in a London court on Friday, following his arrest last week by British authorities on charges over his alleged involvement in a $2 billion fraud at India's state-run Punjab National Bank.

Billionaire Indian remanded in custody after London court appearance

Billionaire Indian remanded in custody after London court appearance

Fugitive billionaire jeweller Nirav Modi, wanted by Indian authorities over a $2 billion loan fraud at state-run Punjab National Bank (PNB) was remanded in custody after appearing before a British court on Wednesday.

Warrants issued against two accused in PNB fraud

Warrants issued against two accused in PNB fraud

The case, dubbed India's largest ever bank fraud, has led to a huge probe and 20 arrests have been made so far in relation to the matter.

India asks Hong Kong to arrest jeweller Nirav Modi

India asks Hong Kong to arrest jeweller Nirav Modi

The whereabouts of Nirav Modi and his uncle Mehul Choksi, the other person accused in India's biggest banking fraud at the country's second-largest state lender, have been unknown.

Bank fraud case rocks Indian parliament

Bank fraud case rocks Indian parliament

A $2bn bank fraud case brought business to a standstill in both houses of India's parliament on Tuesday as opposition lawmakers demanded Prime Minister Narendra Modi speak on the issue.

PNB auditor conspired in $2bn fraud, says India's CBI

PNB auditor conspired in $2bn fraud, says India's CBI

The Central Bureau of Investigation (CBI) arrested auditor Mohinder Kumar Sharma, widening its probe into the biggest bank fraud in India's history.

Indian investigators seize billionaire jeweller's luxury cars

Indian investigators seize billionaire jeweller's luxury cars

The Enforcement Directorate (ED), an Indian agency focused on foreign exchange and money laundering offences, has been conducting separate searches at homes and offices of Nirav Modi.

Sixth Indian bank official held in $1.8bn fraud case

Sixth Indian bank official held in $1.8bn fraud case

The Central Bureau of Investigation (CBI) said Rajesh Jindal, the former head of the bank's Brady House branch in Mumbai between August 2009 and May 2011, was arrested, taking to six the tally of bank officials arrested.

Jeweller denies involvement in huge Indian bank fraud

Jeweller denies involvement in huge Indian bank fraud

Indian officials are on the lookout for Nirav Modi and his family, who police say left India in January prior to the case being filed.

India's investigators close bank branch at heart of fraud

India's investigators close bank branch at heart of fraud

Three people, including two employees of Punjab National Bank (PNB), India's second largest state-run lender, were arrested and presented before a Mumbai court over the weekend.

Indian investigators raid billionaire jeweller's offices

Indian investigators raid billionaire jeweller's offices

Enforcement Directorate (ED) officers searched the Mumbai offices of Nirav Modi after he was accused of cheating state-owned Punjab National Bank (PNB) of 2.8bn rupees ($43.8mn).

Indian bank reports $1.8bn fraud at single branch

Indian bank reports $1.8bn fraud at single branch

India's second-largest state-run bank said Wednesday it had detected fraud of almost $1.8 billion at one of its branches, sending its shares plunging more than nine percent.