Tag: PNB scam

MCA maiden success in recovery of $3.25 million in Nirav Modi case from USA

NEW DELHI: Punjab National Bank Ltd. (PNB) has informed the Ministry of Corporate Affairs (MCA) which spearheaded the corporate governance litigation in a foreign jurisdictional Court, that it has received $ 3.25 million (equivalent of Rs. 24.33 crore) as the first tranche of recoveries. Upon liquidation of the debtors’ assets by the US Chapter 11 […]

PNB scam: Mehul Choksi’s plea for ED probe in Antigua rejected

NEW DELHI: A special court here on Thursday rejected a plea filed by diamantaire Mehul Choksi, a key accused in the multi-crore Punjab National Bank (PNB) scam, seeking its direction to the Enforcement Directorate (ED) to question him in Antigua, where he is currently based. Choksi had last month filed the plea before the special […]

PNB scam: Enforcement Directorate attaches 11 properties worth Rs 56 crore of Nirav Modi in Dubai

NEW DELHI: The Enforcement Directorate (ED) said it had attached 11 properties worth over Rs 56 crore of fugitive diamond jeweller Nirav Modi in Dubai in connection with its money-laundering probe in the $2-billion Punjab National Bank (PNB) fraud case. The central probe agency said the assets were in the name of “Modi and his […]

PNB scam: ED attaches Nirav Modi’s immovable properties worth Rs 216 crore

NEW DELHI: 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 National Bank (PNB) fraud case. A senior ED official said the agency had […]

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