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Saturday
December 2018
10:08 PM IST
News Headlines
Trump's son-in-law Jared Kushner possible next chief of staff: US media        Sri Lanka PM Mahinda Rajapaksa to resign, says his son after court setback        Rahul Gandhi After Rafale Verdict: "Will Prove PM Helped Anil Ambani"        Author Amitav Ghosh Honoured With 54th Jnanpith Award        Supreme Court sees no wrongdoing in Rafale deal, rules out probe        India bowled a little bit short, Australia pacers could benefit: Border        ISL: FC Goa thrash NorthEast United 5-1        BWF World Tour Finals: PV Sindhu, Sameer Verma Register Easy Wins To Enter Semifinals        Diving legend says HIV-contracted friend inspired him to Olympic gold        India beat Pakistan to reach final of Emerging Teams Asia Cup        Boosting exports key to make India $5-tn economy by 2025: Kant        Prabhu, US Commerce Secretary to discuss trade issues on Feb 14        Ceasefire for key Yemen port agreed at peace talks: UN        Britain's May sees no 'immediate breakthrough' at EU        Poll results prove Ram Temple or communal polarisation doesn't cut ice with people: Sinha        Ashok Gehlot appeals to Cong workers in Raj to maintain peace        Rahul tweets pic with Kamal Nath, Scindia as race for CM moves to Bhopal        Aussies will fight back, but India has upper hand: Ghavri        World Tour Finals: Tough road ahead for Sindhu; Sameer too eyes knockout berth        Govt should consider 100% FDI in multi-brand retail trade: CII report        
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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)


Rahul Gandhi After Rafale Verdict: "Will Prove PM Helped Anil Ambani"
Author Amitav Ghosh Honoured With 54th Jnanpith Award
Poll results prove Ram Temple or communal polarisation doesn't cut ice with people: Sinha
Ashok Gehlot appeals to Cong workers in Raj to maintain peace
Three policemen killed in Shopian by terrorists; weapons snatched
13 of 19 Rajasthan ministers lose elections; CM Vasundhara Raje retains her seat
Clear message to Modi that People are unhappy and it is time for change: Rahul on poll results
BJP mocks Oppn meet, asks them to reveal PM candidate's name
RBI Governor Urjit Patel makes loud noise with silent exit
Can special consideration be shown to man with skin disorder: HC asks Centre
BJP files caveat in SC over 'rath yatra' in WB
More than 225 terrorists killed in J&K so far this year: Army
Glad key people shedding fear, breaking silence on govt decisions: Chidambaram
Krishnamurthy Subramanian appointed as Chief Economic Advisor for 3 years
TN Governor meets Modi, discusses issues of state
Christian Michel sent to 5-day CBI custody by court in VVIP chopper case
Mamata asks people to uphold the secular fabric of the country
Bulandshahr violence: UP CM meets slain inspector's family
Kashmir Valley records sub-zero temp on Tuesday night
Telangana set for change: Rahul Gandhi
ENTERTAINMENT NEWS
Vaikom Vijayalekshmi ties knot with Anoop
 Vaikom: Playback singer Vaikom Vijayalekshmi has tied knot with Anoop N. at Vaikom Mahadeva temple.  
Mohanlal's Odiyan: Official trailer launched
Mammootty narrates Odiyan's intro?
Sradha Kapoor as Saina Nehwal: First look poster is out.
INTERNATIONAL NEWS
Trump's son-in-law Jared Kushner possible next chief of staff: US media
 (Washington, Dec 14, 2018):Donald Trump's son-in-law and senior adviser Jared Kushner is on t
Sri Lanka PM Mahinda Rajapaksa to resign, says his son after court setback
Ceasefire for key Yemen port agreed at peace talks: UN
Britain's May sees no 'immediate breakthrough' at EU
KERALA NEWS
Activist Rehana Fathima, Who Attempted Sabarimala Trek, Arrested Over Facebook Post
 (Kochi, Nov 28, 2018): Model and activist Rehana Fathima, who tried to reach Kerala's Sabarim
Good news for Keralite Nurses: IELTS cut-off reduced to 6.5
BJP leader K Surendran, 71 others granted bail
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
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