* On Friday, information agency ANI quoted finance ministry sources to document that that the ministry has written to Hong Kong branches of four banks that got LoUs from PNB. The ministry has reportedly requested SBI, Axis Bank, Allahabad Bank and Bank of India to reconcile accounts and check for irregularities.
* ANI additional reported that PSU banks will appoint special consultant or agency to monitor status for all loans above Rs 250 crore and that a consortium of lenders cannot exceed 7 banks.
* On Thursday, data compiled by way of Federation of Bank of India Staff Unions (FBISU) confirmed that banks had been defaulted of more than Rs 5,000 crore by way of traders who deal in gemstones and diamonds. Punjab National Bank (PNB), which is embroiled within the mega rip-off has been hit probably the most with the loss amounting to Rs 1,790 crore.
* The Enforcement Directorate (ED) on Thursday seized 9 automobiles — including a Rolls-Royce Ghost, a Porsche Panamera and a Mercedes-Benz — belonging to Nirav Modi and iced over stocks and mutual budget collectively price Rs 95 crore that belong to him and his uncle, Mehul Choksi.
* ED has additionally issued contemporary summons to Nirav Modi after he failed to appear and depose sooner than the investigation agency. Sources said he has now been requested to enroll in the investigation and appear sooner than the central probe agency in Mumbai on February 26.
* PNB has requested Nirav Modi if the high accused within the Rs 11,300 crore rip-off has a “concrete and implementable plan” to clear dues. Responding to Modi’s earlier letter, where he had nearly dominated out any repayment, PNB said, “Your commitment and enterprise for sparing of the overall legal responsibility was no longer backed by way of offering in advance quantities and timelines. However, must you have got any concrete and implementable plan, do revert again.”
* As an after impact of the rip-off, PNB has revved up its controls on the usage of global payment community SWIFT. The new measures imply simplest PNB officers will be capable of initiate messages on SWIFT, doing away with the authority of clerks to do so. Several new limits had been positioned on the quantity that officers can generate depending on their seniority within the bank hierarchy.
* ANI additional reported that PSU banks will appoint special consultant or agency to monitor status for all loans above Rs 250 crore and that a consortium of lenders cannot exceed 7 banks.
* On Thursday, data compiled by way of Federation of Bank of India Staff Unions (FBISU) confirmed that banks had been defaulted of more than Rs 5,000 crore by way of traders who deal in gemstones and diamonds. Punjab National Bank (PNB), which is embroiled within the mega rip-off has been hit probably the most with the loss amounting to Rs 1,790 crore.
* The Enforcement Directorate (ED) on Thursday seized 9 automobiles — including a Rolls-Royce Ghost, a Porsche Panamera and a Mercedes-Benz — belonging to Nirav Modi and iced over stocks and mutual budget collectively price Rs 95 crore that belong to him and his uncle, Mehul Choksi.
* ED has additionally issued contemporary summons to Nirav Modi after he failed to appear and depose sooner than the investigation agency. Sources said he has now been requested to enroll in the investigation and appear sooner than the central probe agency in Mumbai on February 26.
* PNB has requested Nirav Modi if the high accused within the Rs 11,300 crore rip-off has a “concrete and implementable plan” to clear dues. Responding to Modi’s earlier letter, where he had nearly dominated out any repayment, PNB said, “Your commitment and enterprise for sparing of the overall legal responsibility was no longer backed by way of offering in advance quantities and timelines. However, must you have got any concrete and implementable plan, do revert again.”
* As an after impact of the rip-off, PNB has revved up its controls on the usage of global payment community SWIFT. The new measures imply simplest PNB officers will be capable of initiate messages on SWIFT, doing away with the authority of clerks to do so. Several new limits had been positioned on the quantity that officers can generate depending on their seniority within the bank hierarchy.
PNB fraud case: Fresh summons for Nirav Modi and other latest developments
![PNB fraud case: Fresh summons for Nirav Modi and other latest developments]()
Reviewed by Kailash
on
February 23, 2018
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