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Saturday
June 2018
11:35 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
PNB fraud PMLA case: ED summons Nirav Modi, Choksi
 
(Mumbai, Feb 16, 2018): The ED today issued summons for appearance to billionaire diamond merchant Nirav Modi and his business partner Mehul Choksi in connection with its money laundering probe in the Rs 11,400 crore alleged fraud in Punjab National Bank (PNB), officials said.

They said both Modi and Choksi were summoned under the Prevention of Money Laundering Act (PMLA) and asked to depose within a week's time.

The notices were handed over to the directors of the firms of the two businessmen as they were not in the country.

While Modi runs the jewellery brand chain under his name, Choksie is the promoter of Gitanjali Gems.

The ED had registered a PMLA case against them and others based on a CBI FIR which was the result of a PNB complaint.

The ED yesterday carried out multiple raids on showrooms, workshops, offices and residences of Modi and Choksi and seized diamonds, jewellery and gold worth Rs 5,100 crore.

The agency was probing if the allegedly defrauded bank funds were laundered and these proceeds of crime subsequently used by the accused to create illegal assets and black money.

Modi, 46, a regular feature on the lists of rich and famous Indians since 2013, was booked by the CBI, along with wife, brother and Choksi on January 31, for allegedly cheating the state-run PNB to the tune of Rs 280 crore.

The bank has sent two more complaints to the CBI on Tuesday, saying the scam was worth more than Rs 11,400 crore.

The CBI had earlier raided the residences of Modi, his brother, wife and Choksi, all partners of Diamond R US, Solar Exports and Stellar Diamonds and two bank officials -- Gokulnath Shetty (now retired) and Manoj Kharat, who were also named in the FIR as accused.

"The public servants committed abuse of official position to cause pecuniary advantage to Diamond R US, Solar Exports, Stellar Diamonds and a wrongful loss of Rs 280.70 crore to Punjab National Bank during 2017," the CBI FIR has alleged.

The jewellery designer is a citizen of the country but his brother Nishal and wife Ami are not Indian nationals. They all left India between January 1 and 6, the CBI said.(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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