Punjab National Bank
Nirav Modi arrested in London on PNB fraud case
20 Mar 2019
Modi allegedly cheated Punjab National Bank through fraudulent issuance of Letters of Undertakings and Foreign Letters of Credit, thereby siphoning off funds worth Rs6,498.20 from PNB's Brady House branch in Mumbai while his uncle and aide Mehul Choksi has been accused of swindling Rs7,080.86 crore, also from PNB
India asks Antigua to detain Mehul Choksi
31 Jul 2018
US court allows PNB to summon Nirav Modi, others over US asset sale
28 Jul 2018
A New York bankruptcy court has recognised Punjab National Bank’s claim on fugitive diamond trader Nirav Modi’s three US-based companies and allowed the bank to examine Nirav Modi, Mihir Bhansali and Rakhi Bhansali
PNB could become a defaulter in 5 days, courtesy Nirav Modi
26 Mar 2018
The Rs12,700-crore fraud committed by diamantaire Nirav Modi and his associates could get PNB listed as a defaulter if the bank fails to repay Rs1,000 crore to another state-run bank, Union Bank of India (UBI), by 31 March
