Gulf Times - Nirav-Modi
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.

India approves bill to prosecute fugitive tycoons

India approves bill to prosecute fugitive tycoons

The Fugitive Economic Offenders Bill law will go to the upper house and the president in the coming days.

Interpol seeks arrest of Indian billionaire jeweller Nirav Modi

Interpol seeks arrest of Indian billionaire jeweller Nirav Modi

Interpol has issued a red notice request to find and arrest fugitive Indian billionaire jeweller Nirav Modi, who is at the heart of a $2 billion-plus bank fraud case, the international agency said on its website.

Interpol asked to issue arrest notice against jeweller Nirav Modi

Interpol asked to issue arrest notice against jeweller Nirav Modi

India's federal police has asked Interpol to help locate and arrest billionaire jeweller Nirav Modi, who is at the heart of a $2bn-plus bank fraud case, a federal police source said on Monday.

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.

India CBI arrests four more people in PNB probe

India CBI arrests four more people in PNB probe

India's federal police have made four more arrests in the $2bn fraud case involving state lender Punjab National Bank (PNB), widening the investigation of the biggest banking fraud in the country’s history.

India plans to seize property of economic offenders who flee abroad

India plans to seize property of economic offenders who flee abroad

The cabinet had also approved the constitution of a National Financial Reporting Authority, which would be "an oversight body" monitoring accounting and auditing irregularities, Jaitley said.

Indian auditor group begins probe into PNB fraud case

Indian auditor group begins probe into PNB fraud case

The Institute of Chartered Accountants of India said it has asked the Securities and Exchange Board of India, Punjab National Bank and federal investigating agencies to share their findings about the alleged fraud.

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.