Webb20 feb. 2024 · Nirav Modi’s swindle of $1.8 billion from India’s second largest state-run lender, Punjab National Bank (PNB.BO), is much less elegant. The bank had said in its statement to exchanges that the ... Webb14 mars 2024 · The Reserve Bank of India has scrapped quasi bank guarantee instruments such as the Letter of Undertaking and Letter of Comfort that blew a Rs. 14,000 crore hole in the books of Punjab …
Nirav Modi Scam Explained - How PNB Lost 14000 Crores - Trade …
WebbAn official said, “Under the Banking Regulation Act, the RBI has a major role related to inspection, regulation, audit and the oversight of banks. We have written to the RBI, asking how the alleged scam, which had been going on for years, went undetected, and whether the regulator exercised its role under the law. Webb2. S Singh, (2024, Feb 17). Fraud effect: LIC, investor in PNB, Gitanjali, loses Rs 1400 crore in three days. Indian Expr 3. A.Sarkar, (2024, March 6). PNB Fraud Case: Axis Bank Discloses Rs 200 Crore Exposure To Nirav Modi, Gitanjali Gems Accounts. Bloomberg Qunit. 4. S.Das, (2024, Feb 20). Fitch, Moody's place PNB under review for downgrade ... grace van dien twitch account
The PNB fraud – A comment - LawBhoomi
Webb20 apr. 2024 · The Punjab National Bank Scam relates to the fraudulent letter of undertaking worth 10,000 crore issued by bank. The alleged person in the case were jeweller and designer Nirav Modi his maternal uncle Mehul Choksi and other relatives and some PNB employees. Nirav Modi and his relative escaped in early 2024, days before the … Webb19 feb. 2024 · PNB fraud case: The virtual heist that companies controlled by diamantaires Nirav Modi and Mehul Choksi appear to have carried out has embarrassed the govt that claims to provide scam-free governance. RBI had described the PNB fraud as “a case of operational risk arising on account of delinquent behaviour by one or more employees of … WebbOn Tuesday, the Central Bureau of Investigation received two complaints from Punjab National Bank (PNB) against Modi and a jewellery company, alleging fraudulent transactions worth about $1.8 billion. grace vanderwaal clearly artist