Building a global brand was Choksi's idea, which Modi borrowed from him.
'The place I used to sleep in the jail had a big window high up on the opposite side, where at sunrise and sunset time a bird would drop in every day.' 'It could be an eagle or a peacock. And sometimes a monkey.' 'Those moments calmed you, brought hope...'
PNB issued a formal appointment letter to Belgium-based consultancy firm BDO
She was the managing director and the CEO of PNB since August 14, 2015 before being appointed in Allahabad Bank on May 6, 2017.
'We don't know if the water we are drinking has lead in it or not.' 'In India, we don't have ways to easily detect or measure contamination levels.'
Companies owned by fugitive diamantaire Mehul Choksi have allegedly siphoned off over Rs 6,344.96 crore from the Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, a CBI investigation into the scam has detected. The findings were submitted by the CBI in a supplementary chargesheet filed before a special court in Mumbai last week, where the agency said the PNB was conned by its employees who were allegedly hand in gloves with Choksi and his company executives and who facilitated the scam as part of a criminal conspiracy. The PNB officials at the bank's Brady House branch in Mumbai issued 165 letters of undertaking (LoUs) and 58 foreign letters of credit (FLCs) during March-April 2017, against which 311 bills were discounted.
The agency on Friday also carried out searches on the premises of the Gitanjali Group at 20 places in Mumbai, Pune, Surat, Jaipur, Hyderabad and Coimbatore.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
Finance Minister Nirmala Sitharaman on Thursday said that fugitive businessmen Vijaya Mallya, Nirav Modi and Mehul Choksi are "coming back" to India" to face the law.
Gitanjali Gurbaxani, whose family has known Ram Jethmalani since their Pre-Partition days in Sind, recalls the legal luminary and 'the pride of the Sindhi community'.
Fifty years ago today, December 25, 1972, Chakravarti Rajagopalachari, one of the titans of India's freedom struggle, passed into the ages. Kalki Krishnamurthy, who penned the Tamil classic Ponniyin Selvan among numerous other novels, describes his first glimpse of the man who would become an august national leader and his cherished role model.
'I was shocked by the kidnapping episode. I could have lost my life.'
Does the "story" of a Mani Ratnam film come first or does its "spirit" asks Sreehari Nair.
Choksi, along with his nephew and millionaire designer jeweller Nirav Modi, is being investigated by the ED for allegedly defrauding PNB, the country's second largest lender.
A case of murder has been registered against Chief Judicial Magistrate of Gurgaon, Ravneet Garg, four days after his wife was found dead with three bullet injuries near his official residence in high security Police Lines area in Gurgaon.
Facebook and Google officials in New Delhi on Tuesday deposed before the Parliamentary Standing Committee on Information Technology on the issue of misuse of social media platforms.
The 91.9 per cent slide in the stock price of Gitanjali Gems since April has depleted the value of promoter Mehul Choksi's holding in the company by at least Rs 17 crore (Rs 170 million) a day on an average.
Biswajit, movie heart-throb of the 1960s, remembers The Legend.
Knowing Rabindranath Tagore's dedication to aesthetics and simplicity, Keya Sarkar wonders what he would have thought of the modern-day commemorations organised in his honour.
Enjoy our fascinating new series where film folk reveal what their movies taught them...
The banks also received a warning from the rating agency Care, in February 2016, after Firestar's financials deteriorated.
Beloved movies, brand new shows, must-watch documentaries and feel-good fare, it's all there on OTT this week. Sukanya Verma offers a peek.
'The fact remains that as of today, the justice that I deserve is far off, as it shall take time to prove my innocence, and the future seems uncertain presently,' Mehul Choksi tells his employees in a letter.
The apex court said the post mortem report reveals that the cause of death was electric shock and there is no conclusive evidence that the death was homicidal.
Nirmala Sitharaman said Nirav Modi may have been able to run away from the country, but the government is taking action against him, and claimed that it will "surely nab him".
The Income Tax Department on Tuesday also raided 20 premises linked to Gitanjali Gems promoter Mehul Choksi and suspected shell firms in connection with an alleged tax evasion case against them, official sources said.
'I have worked every day of my life for the last 62 years and suddenly there is a cap on doctors over 55, who are not allowed to practice.' Dr Dolly Gurbaxani shares her lockdown experience.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
ICAI intends to investigate the chartered accountants of PNB but the bank allegedly refuses to give the information sought.
The jewellers and companies linked to Nirav Modi and Mehul Choksi had allegedly colluded with PNB officers to obtain fake bank guarantees to get loan from overseas branches of Indian banks including Allahabad Bank, Axis Bank and UCO Bank.
Here's a first look at the best catwalk moments from Day One of India International Jewellery Week.
Local trains will be allowed to operate with 50 per cent capacity till 7 pm, while all shopping malls and markets will be allowed to remain open till 10 pm but with half their capacities, he said.
The incident occurred around 7.45 pm on the "black top road" between Peddakodepal and Naimed villages under the Naimed police station area, when the victims were heading towards neighbouring Dantewada district in an SUV to visit a fair, said Deputy Inspector General (anti-naxal operation) Sundarraj P.
Can such marriages survive the age disparity? Apparently they can.
The scheme, touted as a panacea to burgeoning CAD, was a huge flop that fostered a spike in smuggling and allowed several Gitanjali-like players to make a killing
According to the RTI reply, absconding diamantaire Choksi's company Gitanjali Gems tops the list of the defaulters with a whopping amount of Rs 5,492 crore. This is followed by REI Agro with Rs 4,314 crore and Winsome Diamonds with Rs 4,076 crore. Rotomac Global Private Limited has funded advances of Rs 2,850 crore which have been technically written off and Kudos Chemie Ltd with Rs 2,326 crore, Ruchi Soya Industries Limited, now owned by Ramdev's Patanjali, with Rs 2,212 crore and Zoom Developers Pvt Ltd with Rs 2,012 crore being the other companies to default on the payment. Mallya's Kingfisher Airlines figures in the list at number 9, with outstanding of Rs 1943 crore which have been technically written off by the banks.
The couple who allegedly bought the infant have been identified and the child will be rescued.
Baadshaho's sluggish screenplay and humourless rhythm are spectacularly low on swagger and daredevilry, feels Sukanya Verma.
However, Jaitley's son-in-law had earlier issued a statement stating that his law firm had returned the retainership the moment they came to know that the company was involved in a scam.
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