Netizen 24 IND: PNB Fraud LIVE: Nirav Modi may have fled country on January 1, days before FIR was filed

Diposting oleh On 02.38

PNB Fraud LIVE: Nirav Modi may have fled country on January 1, days before FIR was filed

  • The press conference has ended. On the other hand, Nirav Modi left the country on 1st of January. CBI received complaint from PNB on 29th Jan 2018. CBI registered the case on 31st January.

    Lookout notices by the CBI have been issued to Nirav Modi and PNB officials, reports Moneycontrol's Tarun Sharma.

  • The raids started at 11 am in Nirav Modi's Delhi branch in Defence Colony. Till now, there has been no update.

  • The government's dilemma with PNB

    The government's dilemma with PNB

    Even as the bad loan mess is playing out, the banking sector has been jolted by a massive fraud.

  • The complaint letter to PMO regarding the Nirav Modi case was acknowledged in 2016 itself.

  • All this loot happened during UPA regime. We have brought this out and action will be taken, Defence Minister Nirmala Sitharaman says slamming the Opposition's claims.

  • STOCK UPDATE | PNB stock tanks 22% in 2 days

    STOCK UPDATE | PNB stock tanks 22% in 2 days

    Select PSU banks continued to reel under selling pressure on Thursday, including Punjab National Bank that fell nearly 14 percent intraday after it detected fraud worth USD 1.8 billion. Read more...

  • CLICK TO READ | Nirav Modi not alone, here's a list of other offenders who fled country

    CLICK TO READ | Nirav Modi not alone, here's a list of other offenders who fled country

    As Punjab National Bank named jewellery designer Nirav Modi as the prime accused in fraudulent transactions worth Rs 11,360 crore, here's a look at other billionaires of the country with a similar track record. Read more...

  • CBI had issued a lookout circular against four individuals including Nirav Modi and Mehul Chokshi on February 2. The lookout notices are issued to restrict alleged wrong-doers from leaving the country.

  • Nirav Modi's wife, an American citizen, left India on 6 Jan 2018, Mehul Choksi left the country on 4 Jan 2018., Nirav Modi's brother Nishal Modi, a Belgian citizen, left India on 1 Jan 2018, reports ANI.

  • We were not in govt in 2011, if Congress is making allegations, were they sleeping from 2011-14? They should've probed it. This govt is taking cognizance of matters & probing them. Congress' was a govt of scams & they established these scamsters, says MoS Finance SP Shukla

  • CLICK TO READ | Will take full responsibility if PNB fraud probe places onus on bank: CEO Sunil Mehta

    <p>CLICK TO READ | Will take full responsibility if PNB fraud probe places onus on bank: CEO Sunil Mehta</p>

    Punjab National B ank MD & CEO Sunil Mehta breaks silence and spells the details of how the scam was unearthed and reported to investigating agencies. Read 10 key takeaways from his press conference here.

  • We were not in govt in 2011, if Congress is making allegations, were they sleeping from 2011-14? They should've probed it. This govt is taking cognizance of matters & probing them. Congress' was a govt of scams & they established these scamsters, says MoS Finance SP Shukla

  • Financial Services Secretary Rajeev Kumar said the adeq uate provisioning has been made towards PNB fraud transaction and he doesn't expect the case to escalate, reports CNBC-TV18

  • Congress is now addressing the media on the issue. The opposition suspects that the Prime Minister and his party members gave a tip-off to Nirav Modi. Randeep Surjewala, Congress Spokesperson, said that the PM was informed of the scam and why hasn't any action been taken. Earlier today, media reports have pointed that it is possible that Nirav Modi had political support and was hence was able to flee the country without coming under the radar earlier. Media reports also pointed that Nirav Modi was with the PM in the WEF summit in Davos.

  • This is a standalone incident. It has taken place only in one of our branches, Mehta said.

  • PNB Chief has confirmed that Nirav Modi wrote to them regarding the repayment plan. Mehta said that the bank has asked for a concrete repayment plan and according to that, will come to a conclusion.

  • Mehta has said that the bank will take full responsibility if the investigation places the onus on them.

  • When asked why the scam was taken seven years to unearth, Mehta said that the fraud was internally detected when a customer came for renewal on January 25.

  • As far as the bank is concerned we have the capacity and capability to come out of this situation, Mehta reiterated.

  • He said that mainly the international branches of Indian banks were involved.

  • This (the fraud) started in 2011. The bank itself detected on the January 25 and (it) was reported to the regulators, including the Securities and Exchange Board of India (SEBI) and law enforcement agencies to book the culprits and take strong legal action, Mehta said.

  • He asserted that the PNB employees who were involved in the fraud, have also been reported to the regulators, along with the creditors.

  • On the PNB FIR, he pointed that the media is fully aware of the developments involving their employees and branches under the scanner. He has asked for 'breathing time' to bring the culprits to limelight.

  • He said, "You are fully aware that we have kept the members involved in the developments. We have kept all the bankers aware of this situation."

  • PNB Chief is addressing the media, in both English and Hindi. The fraud, he says, started in 2011. "PNB is committed in cl ean banking and that is why he reported it immediately to the regulators."

  • The PNB management has entered for the press conference.

  • PNB MD & CEO Sunil Mehta will hold a conference call at 5:30 pm.

  • Nirav Modi suspected of laundering demonetised notes, sources told CNN-News18.

  • JUST IN| PNB MD & CEO Sunil Mehta to address the media shortly.

LOAD MORESource: Google News

Next
« Prev Post
Previous
Next Post »