* Late ultimate night, CBI arrested Rajesh Jindal, a common manager-rank officer of the Punjab National Bank posted on the bank's head workplace at New Delhi. Jindal used to be the top of the Brady House, Mumbai, department of the bank throughout 2009-11. Issuance of LOUs to Nirav Modi workforce corporations without sanctioned limits allegedly began throughout his tenure.
* In what is being dubbed as the first high-profile arrest in the Rs 11,400 crore alleged PNB rip-off, CBI took Vipul Ambani, the top of finance of Nirav Modi's Firestar Diamond into custody. Vipul Ambani is a relative of well known industrialist brothers Mukesh and Anil Ambani.
* The executive's investments in public sector banks has taken a big hit in the wake of PNB and Rotomac frauds. The executive has noticed the value of its investments in public-sector banks drop by way of about Rs 30,000 crore ($4.6 billion) in the ultimate seven days.
* On Tuesday, the RBI broke its silence at the PNB fraud announcing that it had warned banks a minimum of 3 times since August 2016 of imaginable misuse of the SWIFT Infrastructure. The central bank additionally announced the appointment of chartered accountant Y H Malegam (80), who used to be part of the RBI’s board for 17 years, to move a panel that will look into the reasons of fraud at lenders and the cause of their failure in figuring out defaulters.
* News agency IANS reported that the Enforcement Directorate (ED) is probing 120 shell corporations allegedly connected to dimond trader Nirav Modi and Gitanjali Group chief Mehul Choksi even as Income Tax officials claimed to have discovered two corporations connected to Nirav.
* In what is being dubbed as the first high-profile arrest in the Rs 11,400 crore alleged PNB rip-off, CBI took Vipul Ambani, the top of finance of Nirav Modi's Firestar Diamond into custody. Vipul Ambani is a relative of well known industrialist brothers Mukesh and Anil Ambani.
* The executive's investments in public sector banks has taken a big hit in the wake of PNB and Rotomac frauds. The executive has noticed the value of its investments in public-sector banks drop by way of about Rs 30,000 crore ($4.6 billion) in the ultimate seven days.
* On Tuesday, the RBI broke its silence at the PNB fraud announcing that it had warned banks a minimum of 3 times since August 2016 of imaginable misuse of the SWIFT Infrastructure. The central bank additionally announced the appointment of chartered accountant Y H Malegam (80), who used to be part of the RBI’s board for 17 years, to move a panel that will look into the reasons of fraud at lenders and the cause of their failure in figuring out defaulters.
* News agency IANS reported that the Enforcement Directorate (ED) is probing 120 shell corporations allegedly connected to dimond trader Nirav Modi and Gitanjali Group chief Mehul Choksi even as Income Tax officials claimed to have discovered two corporations connected to Nirav.
Nirav Modi - Punjab National Bank Fraud: Latest key developments
![Nirav Modi - Punjab National Bank Fraud: Latest key developments]()
Reviewed by Kailash
on
February 21, 2018
Rating:
