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Nirav Modi

Nirav Modi's second firm set for liquidation

Consumer

18 August, 2021

Nirav Modi's second firm set for liquidation

Fugitive diamantaire Nirav Modi-owned Firestar International Pvt Ltd has been ordered for liquidation by the Mumbai bench of the bankruptcy ......

UK court allows extradition of diamond billionaire Nirav Modi to India

People

25 February, 2021

UK court allows extradition of diamond billionaire Nirav Modi to India

A London court ruled on Thursday that billionaire Indian diamond magnate Nirav Modi could be extradited to his home country ......

PNB reports $491 mn Dewan Housing loans as fraud

Finance

10 July, 2020

PNB reports $491 mn Dewan Housing loans as fraud

Punjab National Bank said on Thursday it had reported loans made to Dewan Housing Finance Corporation Ltd worth 36.89 billion ......

Insolvency court orders to liquidate fugitive Nirav Modi's scam-hit firm

Finance

04 March, 2020

Insolvency court orders to liquidate fugitive Nirav Modi's scam-hit firm

Fugitive diamantaire Nirav Modi's firm Firestar Diamond International Pvt. Ltd is set to be liquidated after the Mumbai bench of ......

SEBI fines Gitanjali Gems for withholding information in $2 bn PNB bank fraud

Finance

28 February, 2020

SEBI fines Gitanjali Gems for withholding information in $2 bn PNB bank fraud

India's securities regulator on Thursday fined jewellery retailer Gitanjali Gems Ltd and its executives 50 million rupees ($695,700) for failing ......

Fugitive diamond magnate Nirav Modi's rare art collection to be auctioned

General

22 January, 2020

Fugitive diamond magnate Nirav Modi's rare art collection to be auctioned

The seized assets of Indian diamond magnate Nirav Modi, arrested in Britain last year over fraud allegations, will be auctioned ......

CBI set to file fresh charges in $2 bn Punjab National Bank fraud case

Finance

14 November, 2019

CBI set to file fresh charges in $2 bn Punjab National Bank fraud case

The Central Bureau of Investigation will soon file fresh charges in the $2 billion Punjab National Bank (PNB) fraud case ......

Punjab National Bank detects $556 mn fraud by Bhushan Power & Steel

Finance

08 July, 2019

Punjab National Bank detects $556 mn fraud by Bhushan Power & Steel

The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 ......

Wilful defaults in India cross $21 bn in 2018-19

Finance

02 July, 2019

Wilful defaults in India cross $21 bn in 2018-19

India’s state-owned banks had classified 1.50 trillion rupees ($21.76 billion) worth of loans as “wilful defaults” in 2018-19, with the ......

Stressed assets this week: Nirav Modi firms head to NCLT; reprieve for Sterling Biotech

Finance

07 June, 2019

Stressed assets this week: Nirav Modi firms head to NCLT; reprieve for Sterling Biotech

There was plenty of action at the bankruptcy courts this week, with breakthroughs achieved in a couple of cases that ......