The Package | 36 Stories

PNB-Nirav Modi scam, the story so far

February 15, 2018 05:42 pm | Updated December 05, 2021 08:59 am IST

Kalaghoda branch in Mumbai where Pnb detected fraud. Photo: Emanual.

Kalaghoda branch in Mumbai where Pnb detected fraud. Photo: Emanual.

Mehul Choksi (left) and his nephew Nirav Modi (right) are accused in the over $2 billion Punjab National Bank fraud. File

PNB fraud: CBI court issues warrants against Nirav Modi, Mehul Choksi

Devesh K. Pandey

Punjab National Bank managing director and CEO Sunil Mehta. File

PNB will come out of Nirav Modi mess in six months: MD

Post-scam, RBI stops issue of LoUs

K.T. Jagannathan

Frauds and scams, throwback to ‘K10’ era?

Ashish Rukhaiyar

Jatin Mehta. Photo: Winsome Diamonds And Jewellery

Congress raises Winsome case of 'non-payment of bank loans worth ₹6,712 crore'

Special Correspondent

Deconstructing the PNB scam: a graphic story

Satwik Gade,Radhika Merwin

State-owned Punjab National Bank has said in a statement that fraudulent transactions totaling $1.8 billion had been discovered in its Brady House branch in Mumbai.

Loose ends and unanswered questions of the PNB scam

The assets of Gitanjali Gems promoter Mehul Choksi and group that were attached by the ED on Thursday. (FILE)

ED attaches 41 properties worth ₹1,217 crore belonging to Mehul Choksi group

Devesh K. Pandey

The Punjab National Bank’s Mumbai branch on February 15, 2018.

RBI conducted annual risk-based audit, clarifies PNB

K.T. Jagannathan

Nirav Modi refuses to join probe, CBI sends terse reminder

A view of the Punjab National Bank (PNB ) at the Parliament Street in New Delhi on February 15, 2018. In what could be one of the biggest frauds in the Indian banking system, state-run lender Punjab National Bank (PNB) reported unauthorised transactions worth Rs. 11,500 crore in one of its branches.
Photo: R.V. Moorthy

PNB fraud now pegged at ₹12,636 crore, says CBI

Devesh K. Pandey

A view of the Punjab National Bank (PNB ) at the Parliament Street in New Delhi on February 15, 2018. In what could be one of the biggest frauds in the Indian banking system, state-run lender Punjab National Bank (PNB) reported unauthorised transactions worth Rs. 11,500 crore in one of its branches.
Photo: R.V. Moorthy

Fraud amount can increase by another ₹1330 crore, PNB informs stock exchanges

Special Correspondent

State-owned Punjab National Bank has said in a statement that fraudulent transactions totaling $1.8 billion had been discovered in its Brady House branch in Mumbai.

A SWIFT autopsy : How Nirav Modi defrauded PNB

A view of the Punjab National Bank (PNB ) at the Parliament Street in New Delhi on February 15, 2018. In what could be one of the biggest frauds in the Indian banking system, state-run lender Punjab National Bank (PNB) reported unauthorised transactions worth Rs. 11,500 crore in one of its branches.
Photo: R.V. Moorthy

CBI quizzes PNB officials

Special Correspondent

Mehul Choksi. File

Diamond trader Mehul Choksi asks his employees to find other jobs

Special Correspondent

Union Finance Minister Arun Jaitley. File

Jaitley hints at tightening of laws

Special Correspondent

The Samudra Mahal Building which houses the residence of Nirav Modi, in Mumbai. File

PNB fraud: ED attaches Nirav Modi group property worth ₹523 crore

Special Correspondent

A woman walks past a Nirav Modi jewellery boutique, that displays a black and white photograph of actor Priyanka Chopra, in Mumbai on February 15, 2018.

Priyanka Chopra terminates contract with Nirav Modi brand

Special Correspondent

Punjab National Bank (PNB) is the second largest lender of the country.

PNB fraud due to failure of internal control, says RBI

Special Correspondent

A Punjab National Bank ATM.

PNB fraud: ED summons Nirav Modi, Mehul Choksi

Security guards stand inside a Nirav Modi showroom during a search by the Enforcement Directorate in New Delhi on February 15, 2018.

CBI approaches Interpol to locate Nirav Modi, family

Prime Minister Narendra Modi with the Indian CEOs, in Davos on January 23, 2018. Jewellery designer Nirav Modi is seen in the second row (third from left).

The rise and fall of Nirav Modi

Lalatendu Mishra

A Nirav Modi jewellery showroom in New Delhi’s Chanakyapuri area on February 15, 2018.

PNB, Nirav Modi and a fraud that went undetected for 7 years

Devesh K. Pandey

Security guards stand inside a Nirav Modi showroom during a search by the Enforcement Directorate in New Delhi on February 15, 2018.

PNB fraud: ₹5,100 cr. assets seized from Nirav Modi’s firms

Nistula Hebbar ,Devesh K. Pandey

Security guards stand inside a Nirav Modi showroom during a search by the Enforcement Directorate in New Delhi on February 15, 2018.

PNB fraud: Loans recalled from Nirav Modi, Mehul Choksi firms

The products seized by the Enforcement Directorate during searches.

PNB fraud: ED suspects similar frauds in other banks

Special Correspondent

PNB may have to bear liability for issuing LoUs in favour of 3 firms run by Nirav Modi.

PNB fraud may wipe out profit

Special Correspondent

PNB fraud: We will remove this cancer, says bank head Sunil Mehta

Special Correspondent

PNB fraud: Explain Nirav Modi’s escape, says Congress

Special Correspondent

Union Law Minister Ravi Shankar Prasad addresses a press conference over Nirav Modi's case, at BJP headquarters in New Delhi on Thursday.

PNB fraud: Nirav Modi came to Davos on his own, says Ravi Shankar Prasad

Special Correspondent

The Punjab National Bank branch in Mumbai where the bank has detected a $1.77-billion.

₹11,500 crore fraud rocks state-run PNB

Manojit Saha,Devesh K. Pandey

The Kalaghoda Branch in Mumbai where the PNB detected the ₹13,000-crore fraud. File

All you need to know about Nirav Modi and the $1.77-billion PNB fraud

West Bengal Chief Minister Mamata Banerjee.

Mamata demands thorough inquiry into PNB fraud

Special Correspondent

In a letter dated February 12, to the CEOs of other banks, PNB said it was found that the SWIFT system had been misused by a junior-level branch official.

Punjab National Bank alerts other lenders about perpetrators’ modus operandi

Private security guards stand outside Nirav Modi jewellery showroom at Kalaghoda, Mumbai. ED official raided Nirav Modi's offices across India in connection with the PNB bank fraud case.

Post PNB swindle, ED conducts searches on premises linked to diamond merchant Nirav Modi

Special Correspondent

PNB tanks 9% on ₹ 11,400-crore scam

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