PNB Scam case: The Royal Courts of Justice in London denies bail to Nirav Modi
UK high court to deliver judgment on Nirav Modi's bail appeal today
ED seizes worth Rs 220 crore property of PNB bank scam accused Nirav Modi and Mehul Choksi
ED attaches properties and bank accounts worth Rs 637 crore in Nirav Modi case
At present, there are 20 entities, including largest lender State Bank of India, which are run by the government and account for nearly 70 per cent of the assets in the system. Almost all of them are affected by high levels of non-performing assets.
LocalCircles, a closed citizens engagement platform, conducted a survey to assess the pulse of the citizens on the issue that received more than 50,000 responses.
Gitanjali Gems promoter Choksi, in his seven page letter which was released by his lawyer, has said it was impossible for him to return to India and join the investigation due to the suspension of his passport and ill-health.
While talking to reporters on the sidelines of an IVCA event here, Garg further said the Department of Financial Services in the finance ministry has asked banks to screen all NPA or bad loan accounts.
The court, set up under the Prevention of Money Laundering Act (PMLA), issued the NBWs on applications filed by the Enforcement Directorate (ED), one of the agencies probing the bank fraud cases registered last month.
The premier investigative agency had arrested Mishra yesterday, who was responsible for concurrent audit for the period 2011-2015 at PNB Brady House branch.
According to sources, Bank of India, Andhra Bank, IDBI Bank and Indian Overseas Bank have closed down Dubai operations, while Punjab National Bank, Canara Bank and Union Bank of India have shut Shanghai offices.
The CBI made first arrest of an auditor of the bank when its internal chief auditor M K Sharma-- a chief manager-ranked official-- was picked up by the agency.
This Bill also has a provision to confiscate assets of the offender in foreign land as well, for which the government will have to make arrangements with different countries.
The ED had early this week examined state-owned bank's Executive Director K V Brahmaji Rao to understand how the alleged fraud was detected and other banking procedures.
The attached properties include 15 flats and 17 office premises in Mumbai, M/s Hyderabad Gems SEZ in AP, a shopping mall in Kolkata, farm house in Alibaug and 231 acres land in Maharashtra and Tamil Nadu.
The official has been identified as MK Sharma-- a chief manager-ranked official. It is the first arrest of any auditor of the bank.
Officials said that Nirav Modi was asked to appear before the agency in connection with its probe in the over USD two billion alleged fraud perpetrated in the PNB.
The CBI on Tuesday said it has questioned former Punjab National Bank Managing Director Usha Ananthasubramanian and ICICI Bank Executive Director N.S. Kanan in connection with its over Rs 12,600 crore bank fraud case.
A magistrate's court here today issued a bailable arrest warrant against diamond trader Nirav Modi in connection with a case of alleged tax evasion in purchase of a property which turned out to be "benami", an Income Tax department official said.
