*News company ANI reported quoting Priyanka Chopra'a spokesperson that the actress has chosen to terminate her contract with Nirav Modi, in gentle of the hot allegations.
* On Friday, information company ANI quoted finance ministry resources to record that that the ministry has written to Hong Kong branches of four banks that were given LoUs from PNB. The ministry has reportedly requested SBI, Axis Bank, Allahabad Bank and Bank of India to reconcile accounts and take a look at for irregularities.
* ANI additional reported that PSU banks will appoint particular representative or company to observe standing for all loans above Rs 250 crore and that a consortium of lenders can not exceed 7 banks.
* On Thursday, information compiled through Federation of Bank of India Staff Unions (FBISU) confirmed that banks had been defaulted of more than Rs five,000 crore through investors who deal in gem stones and diamonds. Punjab National Bank (PNB), which is embroiled in the mega scam has been hit essentially 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 froze stocks and mutual finances jointly price Rs 95 crore that belong to him and his uncle, Mehul Choksi.
* ED has additionally issued recent summons to Nirav Modi after he failed to seem and depose prior to the investigation company. Sources mentioned he has now been requested to enroll in the investigation and seem prior to the central probe company in Mumbai on February 26.
* PNB has requested Nirav Modi if the high accused in the Rs 11,300 crore scam has a “concrete and implementable plan” to clear dues. Responding to Modi’s previous letter, the place he had just about dominated out any compensation, PNB mentioned, “Your dedication and enterprise for sparing of the full liability was once not sponsored through offering prematurely quantities and timelines. However, will have to you will have any concrete and implementable plan, do revert again.”
* As an after effect of the scam, PNB has revved up its controls on using global payment community SWIFT. The new measures imply most effective PNB officers will be capable of start up messages on SWIFT, putting off the authority of clerks to do so. Several new limits had been positioned at the quantity that officers can generate depending on their seniority in the bank hierarchy.
* On Friday, information company ANI quoted finance ministry resources to record that that the ministry has written to Hong Kong branches of four banks that were given LoUs from PNB. The ministry has reportedly requested SBI, Axis Bank, Allahabad Bank and Bank of India to reconcile accounts and take a look at for irregularities.
* ANI additional reported that PSU banks will appoint particular representative or company to observe standing for all loans above Rs 250 crore and that a consortium of lenders can not exceed 7 banks.
* On Thursday, information compiled through Federation of Bank of India Staff Unions (FBISU) confirmed that banks had been defaulted of more than Rs five,000 crore through investors who deal in gem stones and diamonds. Punjab National Bank (PNB), which is embroiled in the mega scam has been hit essentially 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 froze stocks and mutual finances jointly price Rs 95 crore that belong to him and his uncle, Mehul Choksi.
* ED has additionally issued recent summons to Nirav Modi after he failed to seem and depose prior to the investigation company. Sources mentioned he has now been requested to enroll in the investigation and seem prior to the central probe company in Mumbai on February 26.
* PNB has requested Nirav Modi if the high accused in the Rs 11,300 crore scam has a “concrete and implementable plan” to clear dues. Responding to Modi’s previous letter, the place he had just about dominated out any compensation, PNB mentioned, “Your dedication and enterprise for sparing of the full liability was once not sponsored through offering prematurely quantities and timelines. However, will have to you will have any concrete and implementable plan, do revert again.”
* As an after effect of the scam, PNB has revved up its controls on using global payment community SWIFT. The new measures imply most effective PNB officers will be capable of start up messages on SWIFT, putting off the authority of clerks to do so. Several new limits had been positioned at the quantity that officers can generate depending on their seniority in the bank hierarchy.
PNB fraud: Latest developments
![PNB fraud: Latest developments]()
Reviewed by Kailash
on
February 25, 2018
Rating:
