Karnataka's cybercrime police have busted a Rs 290-crore hawala (money laundering) scam, operated in the name of 'Powerbank' investment and arrested nine persons, including two Chinese and two Tibetans, an official of the state's Criminal Investigation Department...

Special Judge Anti-Corruption North Kashmir Naseer Ahmad Dar has issued directions to the Anti-Corruption Bureau to further investigate the infamous ‘Gulmarg Land Scam.’This scam surfaced in 2009 while a formal case vide number 8/2009 stands registered in this...

The Rs 14,000 crore Nirav Modi-PNB scam is not the first and certainly not the last despite elaborate checks prescribed by the regulators, says a new book by B.V. Kumar, a former head of the Directorate of Revenue (Intelligence) who was in the thick of the...

Key accused in the PNB fraud case, Mehul Choksi on Thursday said the state-run Punjab National Bank intentionally "destroyed" Gitanjali Gems, the luxury brand owned by him, with an aim to hide its "own wrongdoings".He said that the company should not have...

Senior advocate Abhishek Manu Singhvi appearing for former Kolkata Commissioner of Police (CP) Rajeev Kumar in the Saradha scam case submitted before the Supreme Court on Wednesday that the whole episode of the CBI insisting on Kumar's arrest is a political...

One of the key accused in the PNB fraud case, Mehul Choksi, on Friday moved a fresh application in a special Prevention of Money Laundering Act (PMLA) court in Mumbai seeking cancellation of a non-bailable warrant against him.His application came three days...

Trinamool Congress MP and party General Secretary Subrata Bakshi was quizzed by the Central Bureau of Investigation (CBI) on Monday in connection with the ongoing probe of the multi-crore 'Saradha' chit fund case.Citing that the matter was "sub judice", Bakshi...

The Enforcement Directorate on Tuesday said that it has arrested from Kolkata a director of a shell company of fugitive diamentaire Mehul Choksi in the Rs 13,500 crore Punjab National Bank (PNB) fraud case."We have arrested Deepak Krishna Rao Kulkarni from...

The Enforcement Directorate (ED) said on Monday it has attached foreign properties of fugitive diamond jeweller Nirav Modi worth Rs 637 crore, including two apartments in New Yorks Central Park, even as the agency continued its investigation into the Punjab...

The Enforcement Directorate (ED) said on Monday it has attached foreign properties of fugitive diamond jeweller Nirav Modi worth Rs 637 crore, including two apartments in New Yorks Central Park, in its ongoing investigation into the Punjab National Bank...

A Special Court here has ordered an FIR against Congress leaders Digvijay Singh, Jyotiraditya Scindia, Kamal Nath and Vyapam scam whistleblower Prashant Pandey on a petition filed by BJP's legal cell advocate Santosh Sharma.Judge Suresh Singh, late on...

Gitanjali Group owner Mehul Choksi, wanted in Rs 13,500 crore Punjab National Bank (PNB) fraud case, on Friday moved a special CBI court claiming danger to his life after his return to India and sought cancellation of a non-bailable warrant issued against him.In...

A scam of around Rs 2 crore has been unearthed in Madhya Pradesh's Women and Child Development (WCD) Department, police said on Wednesday.An FIR was registered by the police after WCD Joint Director Swarnim Shukla on Tuesday filed a complaint against 14...

The Supreme Court on Friday gave Enforcement Directorate (ED) and others two weeks to respond to Nalini Chidambaram's plea against her summoning in the Saradha chit fund scam case.Nalini Chidambaram is a senior lawyer practising in Supreme Court.The bench...

The Enforcement Directorate (ED) on Wednesday filed a charge- sheet against Pearls Group and its chief Nirmal Singh Bhangoo in connection with a ponzi scam involving over Rs 48,000 crore.Apart from Bhangoo, who is in judicial custody, three of his colleagues...

Amid Indias efforts to get a red corner notice against him, fugitive PNB scam accused Mehul Choksi, in his first message from his hideout in Antigua, denied allegations of any wrongdoing and instead accused the ED of "illegally" attaching his properties.In...

Former Chennai Police Commissioner S. George on Friday said he has not received any money from any gutkha manufacturer.The former city police chief told reporters here that at the time when the scam surfaced, it was blown up to prevent him and T.K. Rajendran...

The CBI on Thursday said it has arrested four persons including the promoters and directors of Jayem Industries and officers of the Food Safety and Drug Administration and Excise Department in connection with the multi-crore gutkha scam in Tamil Nadu.A Central...

CBI officials from New Delhi on Wednesday searched the residences of several persons including Health and Family Welfare Minister C. Vijayabasker and Director General of Police (DGP) T.K. Rajendran in connection with a multi-crore gutkha scam."Separate CBI...

The CBI has written to the West Bengal police chief wanting to question four senior IPS officers in the state, including Kolkata Police Commissioner Rajiv Kumar, in connection with the multi-crore Saradha chit fund scam, an agency official said on Wednesday.The...

The central government on Monday dismissed former Allahabad Bank Managing Director Usha Ananthasubramanian on the day she was to superannuate from service, according to an official notification.In May this year, Ananthasubramanian had been divested of all...

A special CBI court here on Tuesday awarded jail term to four persons for their involvement in the infamous Vyapam scam in Madhya Pradesh, officials said on Tuesday.Central Bureau of Investigation (CBI) prosecutor Pawan Pathak told reporters that the four...

The CBI has no idea about the whereabouts of the diamantaire Nirav Modi, who is absconding in the Rs 14,500 crore Punjab National Bank fraud case, informed sources said on Monday against the backdrop of reports from London that he has sought asylum in Britain.They...

The CBI on Monday filed a chargesheet against Allahabad Bank MD and CEO Usha Ananthasubramanian and 21 others, including 11 bank officials, in the over Rs 13,000 crore Punjab National Bank (PNB) fraud case in which diamantaire Nirav Modi and his uncle Mehul...

A special CBI court in Ranchi on Monday convicted 37 people and acquitted five in one of the cases related to the fodder scam.The case (number RC 45A/96) related to fraudulent withdrawal of Rs 34.91 crore from Dumka treasury during 1991-92 and 1995-96.This...

A leading Mumbai law firm may face action by the Central Bureau of Investigation (CBI) in connection with the possession of some unauthorised documents pertaining to the ongoing probe in the Punjab National Bank (PNB) fraud case, official sources said...

A special CBI court here on Sunday issued non-bailable warrants (NBWs)against diamantaire Nirav Modi and his uncle Mehul Choksi in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud.The court's move comes following Central Bureau of Investigation...

The CBI on Friday questioned the Reserve Bank of India's (RBI) former Deputy Governor Harun Rashid Khan in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi, an official said.Informed...

The CBI on Thursday questioned four Reserve Bank of India (RBI) officials in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi, an official said.Those questioned includes three Chief...

In a significant order a Division Bench of the State High Court (Jammu Wing) comprising Justice Alok Aradhe and Justice Tashi Rabstan has directed the 1st Additional Sessions Judge, Baramulla to take steps for completion of the trial expeditiously. The...

The CBI on Thursday questioned four Reserve Bank of India (RBI) officials in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi, an official said.Those questioned includes three Chief...

The CBI has registered a fresh bank fraud case amounting to Rs 19.03 crore that was sanctioned by UCO Bank to 18 fake borrowers under various home and property loan schemes with concessional interest rates in 2013 and 2016, it was announced on Sunday.The...

State-run lender Punjab National Bank (PNB) will honour all inter-bank Letters of Undertaking (LoUs) and Foreign Letters of Credit (FLCs) issued by it which mature on or before March 31, 2018.The decision was taken by the Board of PNB in a meeting held on Wednesday."The...

In yet another case of bank fraud, the Central Bureau of Investigation (CBI) on Friday filed a case against 31 persons, including a General Manager of IDBI Bank, for allegedly defrauding the lender of Rs 445 crore, given out as loans which have since turned...

The CBI has arrested Bhopal's L.N. Medical College Chairman J.N. Chouksey in connection with admission irregularities pertaining to the Pre-Medical Test 2012 conducted by the Madhya Pradesh Professional Examination Board or Vyapam, an official said on Thursday.Chouksey,...

The Punjab National Bank (PNB) on Saturday clarified that Rs 9.10 crore fraud unearthed pertaining to Chandri Paper and Allied Products was not a new fraud."It is not a new fraud. Fraud had already been declared in respect of fradulent and unauthorised issuance...

The CBI on Thursday arrested two directors of Kolkata-based computer manufacturing firm R.P. Info System for allegedly cheating a consortium of banks to the tune of Rs 515.15 crore, an official said.Those arrested have been identified as Shivaji Panja and...

Apparently, the Nirav Modi and Mehul Choksi groups were not the only ones indulging in frauds related to Letters of Undertaking (LoUs) issued by the Punjab National Bank (PNB) officials.The Central Bureau of Investigation (CBI) has filed another case against former...

The Punjab National Bank (PNB) has filed a fresh complaint to the CBI alleging it has uncovered additional exposure of about Rs 942.18 crore defraud by Gitanjali Group of companies in connection with a multi-crore fraud.The PNB, the country's second-biggest...

The Reserve Bank of India (RBI) on Tuesday discontinued the system of issuing Letters of Undertaking (LoUs) by banks for availing trade credits for imports into India in the wake of the Rs 12,600 crore fraud on state-run Punjab National Bank (PNB) unveiled...

Congress President Rahul Gandhi on Monday alleged that Finance Minister Arun Jaitley was silent on the Rs 12,600 crore PNB fraud case to "protect his lawyer daughter" and asked why her firm was not "raided"."It's now revealed that our Finance Minister's silence...

Overreaction by banks and investigative agencies to the Rs 12,600 crore fraud on state-run Punjab National Bank (PNB) which came to light last month could hurt essential credit disbursement to trade and industry, tempering growth expectations, industry association...

The high-powered group set up by the Institute of Chartered Accountants of India (ICAI) following the Rs 12,600 crore fraud on state-run PNB, with a mandate to suggest remedial measures in the banking system, has not yet received the required documents and...

Gitanjail Group promoter Mehul Choksi, accused of involvement in the Rs 12,600 crore fraud against the Punjab National Bank (PNB), has said it was "impossible" for him to return to India, citing health reasons and suspension of his passport.In a March 7 dated...

The CBI on Thursday said that it has registered a fresh case against diamantaire Nirav Modi for causing a loss of Rs 321 crore to Punjab National Bank (PNB) by availing different credit facilities between 2013 and 2017.According to a Central Bureau of Investigation...

The Delhi High Court on Wednesday asked the Enforcement Directorate (ED) to file a response on a plea filed by Nirav Modi's firm Firestar Diamond against the probe agency proceedings in the multi-crore-rupee Punjab National Bank (PNB) fraud case.A bench...

The CBI on Tuesday began questioning the Vice President of Banking Operations of Mehul Choksi's Gitanjali Group in connection with its ongoing probe into the multi-crore PNB fraud case, officials said."Vipul Chitalia was picked up for questioning," a Central...

The Central Bureau of Investigation (CBI) on Monday said it questioned a General Manager of the Treasury Division of Punjab National Bank (PNB) in connection with its ongoing probe into Rs 12,600-crore bank fraud case involving diamond jeweller Nirav Modi...

The Lok Sabha and the Rajya Sabha were adjourned on Monday as soon as they met for the second part of the budget session of Parliament amid opposition protests over the Punjab National Bank fraud and special status to Andhra Pradesh.The Lok Sabha was adjourned...

The National Company Law Tribunal (NCLT) has restrained over 60 companies, including those belonging to Rs 12,600-crore PNB fraud accused Nirav Modi and his uncle Mehul Choksi, from selling their assets, according to a government announcement on Sunday.The...

In connection with the alleged Rs 12,600-crore fraud at the state-run Punjab National Bank (PNB), also involving overseas branches, Mauritius has promised regulatory action against individuals or entities found to be linked with "fraudulent practices".Taking...

The Punjab National Bank (PNB) is not shown as a creditor in the bankruptcy documents filed in a court here by three companies affiliated with Nirav Modi, who has been accused in a $2 billion-scam involving the nationalised financial institution.But the...

A day after arresting an internal auditor of PNB, the CBI on Thursday said a retired bank Chief Manager has been arrested in the Rs 12,600 crore bank fraud involving jeweller Nirav Modi and his uncle Mehul Choksi.A Central Bureau of Investigation (CBI)...

The recently announced escalation in the Punjab National Bank (PNB) fraud amount by Rs 1,300 crore is attributable to Nirav Modi's uncle Mehul Choksi-owned Gitanjali Gems, the bank said in a clarification on Thursday.In another clarification, the bank said...

The recently announced escalation in the Punjab National Bank (PNB) fraud amount by Rs 1,300 crore is attributable to Nirav Modi's uncle Mehul Choksi-owned Gitanjali Gems, the bank said in a clarification on Thursday.In a note to the stock exchanges, PNB...

The Rs 12,600 crore fraud-hit Punjab National Bank on Thursday clarified that the Reserve Bank of India (RBI) had done risk-based supervision of the bank on an annual basis."There have been reports in a section of media that Reserve Bank of India has not...

The Enforcement Directorate on Thursday attached 41 properties of Mehul Choksi of the Gitanjali Group, worth Rs 1,217 crore, in connection with an ongoing probe into the Rs 12,600 crore Punjab National Bank fraud case.An ED official told IANS: "At least...

The ongoing Punjab National Bank (PNB) fraud case took a turn for the worse on Tuesday as the bank reported an additional Rs 1,300 crore unauthorised transactions, taking the estimated quantum to around Rs 12,600 crore in the scam related to diamond trader...

It may be seen as a classic case of shutting the door after the horse has bolted, but the multi-crore fraud hit Punjab National Bank appointed A.K.Pradhan as Group Chief Risk Officer, a regulatory filing by the bank said here on Tuesday.The PNB reported...

In the wake of the Rs 12,600 crore fraud on state-run Punjab National Bank (PNB) by accused diamantaire Nirav Modi and his uncle Mehul Choksi, the government on Tuesday set a deadline of 15 days for public sector banks (PSBs) to examine all non-performing...