Mehul Choksi denied bail by Dominica High Court
NEW DELHI: The Dominica High Court has denied bail to fugitive diamantaire Mehul Choksi in the case of illegal entry into the island country after his mysterious disappearance from neighbouring Antigua and Barbuda where he is staying as a citizen since 2018, local Caribbean media reported. The high court on Friday (local time) gave the […]
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: ED attaches Mehul Choksi’s assets worth Rs 24.77 crore
NEW DELHI: The Enforcement Directorate (ED) on Thursday said it has attached assets worth Rs 24.77 crore in India and abroad of fugitive diamond jeweller Mehul Choksi, accused in the over Rs 13,000 crore PNB loan fraud and money laundering case. The attached properties include three commercial assets based in Dubai, a Mercedes Benz car […]
Nirav Modi’s extradition request sent to court by UK home secy: ED
NEW DELHI: The United Kingdom’s home secretary has recently referred India’s request for extraditing PNB scam accused Nirav Modi to a court for initiating legal proceedings against the diamantaire, the Enforcement Directorate said on Saturday. “Request for extradition of Nirav Modi to India was sent in July 2018 to the UK. The UK Central Authority […]
Nirav Modi cannot return to India
NEW DELHI: Fugitive diamantaire Nirav Modi, a key accused in the USD 2 billion PNB fraud case, cannot return to India as he is afraid of “getting lynched” and is being compared to demon ‘Ravan’ , his lawyer told a special court Saturday, but the ED dismissed the claim saying if he felt there were […]
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 […]