PNB scam: How a system was gamed
PNB scam: How a system was gamed
From inter-bank communications to audit processes, all checks and authorisations were compromised in the fraud
PNB Scam
Nirav Modi's links with US firms
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How the funds obtained from fraudulent LoUs were used
Money routed through shadow entities was used to purchase a $6-million ...
How Nirav’s US entities laundered funds from PNB via shadow entities
These entities were mostly located in SEZs to enjoy trade incentives
Diamonds non-existent or were round-tripped
Experts point out that values for specific diamonds should have been ...
LoU funds flowed through Nirav Modi’s American entities, reveals US examiner
Round-tripping of high-value diamonds created an appearance of millions of ...
Lawyers’ fees in Nirav Modi case in the US cross $2.7-million mark in just 3 months
The massive fraud at India’s second-largest public sector bank is drawing ...
How PNB is battling Nirav Modi and his companies in a US bankruptcy court
Citing a series of questionable actions by three of the companies that had ...
US Justice Department arm may oversee Nirav Modi firms’ bankruptcy process
After PNB appeal, US trustee’s office also seeks intervention to preserve ...
Firestar Diamond bankruptcy case: PNB seeks appointment of Chapter 11 trustee
To safeguard assets and provide transparency and access to information
US Bankruptcy Court orders probe into Nirav Modi’s ties with Firestar Diamond
To study whether any claims in favour of the company may arise from the ...
Firestar Diamond’s $3.8-m stash may elude PNB
The intricate maze of Nirav Modi companies could make recovery difficult ...
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