23
Saturday
June 2018
11:30 PM IST
News Headlines
Wary of hacks, World Cup teams get serious on cybersecurity        You pass YoYo test, you play for India, says Shastri, Kohli endorses        Prof Debashis Chatterjee assumes charge as Director of IIM-K        UN slams Trump over child detentions        Trump tells GOP to 'stop wasting their time' on immigration        Javadekar assures students will not have to travel outside home state for NEET        YEIDA former CEO accused in land scam arrested        Rahul Gandhi appoints Kharge as in-charge of Cong affairs in Maha        Mamata cancels first China visit as 'political meetings at appropriate level' not confirmed by CPC        Bank with Amit Shah as a director collected highest amount of banned notes among DCCBs: RTI reply        Yoga a unifying force, says Modi        Kamal Haasan meets Sonia Gandhi        Turkey hits back at Trump, imposes tariffs on US goods worth $1.8 bn        Israeli Prime Minister's wife charged with fraud        Air India set to have 'Maharaja' class seats on international flights        Mbappe's goal takes France into knockout stages        Jedinak penalty earns Australia a draw against Denmark        Six Indians enter quarters of Mongolian boxing tourney        Iran in U-turn on women in stadiums as World Cup fever takes hold        Taj group acquires Lutyen's Delhi hotel in NDMC auction        
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National News
CBI arrests 2 PNB officials, searches Brady Road branch
 
(New Delhi, Feb 17, 2018): The CBI today arrested three people -- a retired and a serving officials of Punjab National Bank and an executive of Nirav Modi's company -- in connection with the alleged Rs 11,400-crore fraud, and carried out searches at the Brady Road branch of the bank in Mumbai, officials said.

The bank branch, which is in the centre of one of the biggest financial scams of the country, was searched by the agency, the sources said, adding that "incriminating documents" related to the case were recovered.

The officials at the branch were asked by CBI sleuths about the process of sending Swift messages -- notifications sent by banks to transfer funds internationally, and the functioning of internal software of the bank, they said.

The agency has taken into custody retired deputy manager of the bank Gokulnath Shetty, single-window operator Manoj Kharat, and Hemant Bhat in connection with its FIR registered on January 31 against Nirav Modi, his companies and business partner and uncle Mehul Choski, they said.

The CBI is also questioning six officials of the bank, they said.

The FIR initially listed eight fraudulent transactions worth over Rs 280 crore, but based on further complaints from the bank, the CBI now says the amount investigated in the first FIR is over Rs 6,498 crore, involving 150 Letters of Understanding (LoUs) allegedly fraudulently issued by Shetty and Kharat.

The remaining 150 fraudulent LoUs worth over Rs 4,886 crore issued for Gitanjali Group are part of the second FIR registered by the agency against Choksi and his companies Gitanjali Gems, Nakshatra Brands and Gili, they said.

All these LoUs were issued or renewed during 2017-18, the officials said.

An LoU is a letter of comfort given by a bank, a kind of guarantee, to a foreign branch of an Indian bank on behalf of its client allowing him to raise money from that bank for short-term credit.(PTI)


Javadekar assures students will not have to travel outside home state for NEET
YEIDA former CEO accused in land scam arrested
Rahul Gandhi appoints Kharge as in-charge of Cong affairs in Maha
Yoga a unifying force, says Modi
Kamal Haasan meets Sonia Gandhi
Inform people about govt's achievements: Khattar to BJP morchas
Leaving CEA job for very compelling reason; will leave by early Sep: Subramanian
Kejriwal faces health issues; likely to join naturopathy course in B'luru
Naveen Patnaik too seeks spl category status for his state
Kumaraswamy refutes reports of Cong-JDS differences on budget
Kejriwal calls off nine day sit-in
ED files fresh charge sheet against Mallya, prepares for fugitive tag
Rahul writes to slain scribe's father, offers condolence
India, China, Pakistan trilateral cooperation can help maintain peace: Beijing's envoy
Vajpayee better, hopeful of full recovery in next few days: AIIMS director
Congress wins Jayanagar assembly seat in Karnataka
Alappuzha and Thiruvananthapuram offer models of decentralized waste management systems
Bhaiyyu Maharaj, Spiritual Guru To Top Politicians, Commits Suicide
Atal Bihari Vajpayee admitted to AIIMS with kidney issues, undergoing dialysis
Will file petition in HC on PM Modi’s attendance in Parliament: AAP
ENTERTAINMENT NEWS
I am a big flop actor: Karan Johar
 (Mumbai, May 5, 2018): Filmmaker Karan Johar is in mood to take up full-fledged acting jobs.  
Bittersweet moment for us: Akshaye on Vinod Khanna's Dadasaheb Phalke honour
Happy Sonam is getting married, Anand a great guy: Harshvardhan Kapoor
Auctioning 'Rustom' costume for good cause: Akshay Kumar
INTERNATIONAL NEWS
UN slams Trump over child detentions
 Geneva, June 22 (AFP) The UN today acknowledged Washington's decision to stop separating migrant fam
Trump tells GOP to 'stop wasting their time' on immigration
Turkey hits back at Trump, imposes tariffs on US goods worth $1.8 bn
Israeli Prime Minister's wife charged with fraud
KERALA NEWS
Kerala among 13 states on thunderstorm alert
 (New Delhi, May 7, 2018): Thunderstorms accompanied by squall, hail and heavy rains are likel
Kerala Karshaka Jadha Opens to a Great Beginning / Video
Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
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