India's second largest PSU bank, PNB on February 14 said it had detected a Rs 11,400 crore scam where billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking (LoUs) from a branch in Mumbai to secure overseas credit from other Indian lenders. ED had registered a PMLA case against them and others based on a CBI FIR based on PNB's complaint.
When the banking sector is busy counting its losses in one of the most enormous banking frauds, the law enforcement agencies, CBI and ED, have raided properties linked to diamantaire Nirav Modi and Mehul Choksi's Gitanjali Jewels. He argued before the court that instead of money going to foreign exporters, was transferred to Allahabad and Axis Bank at Hong Kong.
While the theories on how India's biggest banking scam was executed are abound, the CBI has reportedly indicated that Nirav Modi's associates had access to PNB's computers.
In a statement, he said: "Nirmala Sitharaman and her colleagues are liable to civil and criminal defamation for making ill considered, ignorant and patently false allegations".
The Enforcement Directorate (ED) on Sunday conducted raids at 45 locations across 15 cities in connection with the Punjab National Bank (PNB) fraud case involving businessman Nirav Modi. He further said that Adwait Holding owned a commercial property at Parel, which was rented by Firestone (Firestone Diamond) many years ago.
ED started raiding Nirav Modi's home, offices in Mumbai, Delhi and Surat on Thursday. Three companies of Mehul Choksi were named in this FIR, including Gitanjali Gems, Gili India and Nakshatra Brand Ltd. Mehul Choksi has also been mentioned as an accused.
The Central Bureau of Investigation (CBI) detained two employees of Punjab National Bank and an employee Nirav Modi's company.
PNB officials were also summoned, the report said, citing an official aware of the development. CVC is an apex governmental body to address governmental corruption.
"We asked the PNB management when the money went out of the core banking system of the bank, why was there no alarm", the banker said.
Although Russia is not officially competing in the Games in the wake of the nation's state-sponsored doping scandal ban . Anastasia Bryzgalova appearing on your Cornflakes box soon? Anastasia Bryzgalova '...why decline?'
USA 10-year Treasury yields remained near 2.8312 percent, easing slightly back from Monday's four-year high of 2.9020 percent. According to LPL Financial, it was the swiftest move from a record high to a correction in the history of the S&P 500.
The New York Times Company (NYT ) has demonstrated a 20-day simple moving average (SMA) of 2.03%, and a 50-day SMA of 11.99%. The New York Times Company on 9/29/2017 reported its EPS as $0.3 with the analysts projecting the EPS of the stock as $0.24.
We will get benefit if we buy from Iran. "For the longest of time, India and Iran have been learning from each other", Modi said. India committed up to $500 million for the development of Chabahar along with associated roads and rail lines.
As you can see in the video above, Danielle Herrington is the newest cover model for Sports Illustrated's swimsuit issue . Herrington said she hopes to continue to inspire young black girls the way Banks inspired her.
They watched the parades put on by Rex and Zulu as well as the truck parades that roll through the streets afterward. Police spokeswoman Ambria Washington said multiple suspects opened fire on a vehicle with five people inside.
After the Opening Ceremony at the Games, Rippon appeared in a photo posted to Instagram by slopestyle skier Gus Kenworthy. Greisman shared a text message between him and Field about Rippon and his mom said , "Sam... he's insanely pretty".
Jansrud and Alexis Pinturault of France should contend. "It's a bummer that we're not able to race today", Shiffrin said. There's a chance star American skier Mikaela Shiffrin could have at least one of her events postponed.
For the first time Xiaomi is also introducing the obligatory Face Unlock feature, marking the 5 Pro as a full-circle wannabe. On the connectivity front, the Mi TV 4 offers 3 HDMI ports , 1XUSB 3.0, 1X USB 2.0 ports, Bluetooth 4.0 and WiFi 802.11ac.
Shares in Standard Life Aberdeen dropped as much as 10% for a time after the announcement, before settling about 5% lower. Standard Life Aberdeen presently has an average rating of "Buy" and a consensus target price of GBX 477.50 ($6.60).
That program granted the right to work and stay in the US without fear of deportation to about 700,000 young immigrants. Garaufis said the administration can "indisputably" end DACA but questioned its legal reasoning for doing so.
Schneiderman says any sale of the company "must ensure that victims will be compensated" and that employees will be protected. Telephone and email messages seeking comment from Weinstein were not immediately returned.
PTI confirms Imran's third marriage to Bushra
In January, there were reports that Pakistani politician Imran Khan had married Bushra Maneka after news surfaced on social media. Mufti Saeed who was also nikah khawan of that marriage had not commented when asked about the ceremony of November 2015.
Pak Army chief in Kabul to attend military talks
U.S. officials estimate income from the illegal narcotics made from poppies funds 65 percent of Taliban-led insurgent activities. The army chiefs will also look at the region's burgeoning narcotics trade as Afghanistan hits record levels of poppy production.
Nokia 6 With 4GB RAM Launched in India at ₹16999
The f/2.0 aperture lenses and exclusive camera UI with automatic scene detection make it easy to take great shots every time. While it comes with the Dolby Atmos, the smartphone creates powerful moving audio that seems to flow all around users.