The Central Bureau of Investigation has taken Karti Chidambaram to Mumbai in Byculla jail for further investigation in the INX Media Case.&nbsp;&nbsp;

Karti Chidambaram will be brought face to face with Indrani Mukerjea and Peter Mukerjea, separately.&nbsp;

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INX Media Case: <a href="https://twitter.com/hashtag/KartiChidambaram?src=hash&amp;ref_src=twsrc%5Etfw">#KartiChidambaram</a> at Byculla jail in Mumbai; he will be brought face-to-face with Indrani Mukerjea and Peter Mukerjea, separately <a href="https://t.co/zqtEn7GNQh">pic.twitter.com/zqtEn7GNQh</a>
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/970176901225459713?ref_src=twsrc%5Etfw">March 4, 2018</a></blockquote>
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The special CBI court had earlier allowed the CBI to arrest Indrani Mukerjea in INX media case.&nbsp;

The Enforcement Directorate has registered a case against INX Media, its founder Peter Mukerjea and his wife Indrani under the Prevention of Money Laundering Act (PMLA).

The Mukerjeas are currently facing a trial in Mumbai for conspiring to kill Sheena Bora, Indrani&#39;s daughter from an earlier marriage, in April 2012.

<a href="http://www.wionews.com/india-news/inx-media-aircel-maxis-long-legal-battle-awaits-chidambarams-34441" target="_blank">Chidambaram </a>is on a<a href="http://www.wionews.com/india-news/inx-media-money-laundering-case-kartichidambaram-sent-to-5-day-police-custody-34436" target="_blank">&nbsp;five-day police custody</a>&nbsp;and will be produced in the court on March 6.&nbsp;

In a court hearing on Wednesday, the CBI had claimed on having documents which prove clear links of Karti Chidambaram and various companies.&nbsp;

Senior Congress leader P Chidambaram&#39;s son <a href="http://www.wionews.com/india-news/inx-media-money-laundering-case-karti-chidambaram-taken-into-custody-by-cbi-in-chennai-34287" target="_blank">Karti Chidambaram was arrested on February 28</a> from Chennai Airport in connection with the INX Media money laundering case.

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Chidambaram was sent on a five-day police custody by the Delhi Patiala Court

The Central Bureau of Investigation has taken Karti Chidambaram to Mumbai in Byculla jail for further investigation in the INX Media Case. Karti Chidambaram will be brought face to face with Indrani Mukerjea and Peter Mukerjea, separately. INX Media Case: #KartiChidambaram at Byculla jail in Mumbai; he will be brought face-to-face with Indrani Mukerjea and Peter Mukerjea, separately pic.twitter.com/zqtEn7GNQh — ANI (@ANI) March 4, 2018 × The special CBI court had earlier allowed the CBI to arrest Indrani Mukerjea in INX media case. The Enforcement Directorate has registered a case against INX Media, its founder Peter Mukerjea and his wife Indrani under the Prevention of Money Laundering Act (PMLA). The Mukerjeas are currently facing a trial in Mumbai for conspiring to kill Sheena Bora, Indrani's daughter from an earlier marriage, in April 2012. Chidambaram is on a five-day police custody and will be produced in the court on March 6. In a court hearing on Wednesday, the CBI had claimed on having documents which prove clear links of Karti Chidambaram and various companies. Senior Congress leader P Chidambaram's son Karti Chidambaram was arrested on February 28 from Chennai Airport in connection with the INX Media money laundering case.

INX Media case: Karti Chidambaram to be confronted with Indrani Mukerjea in Mumbai

Amid the investigation by various probe agencies in Punjab National Bank scam case, accused Nirav Modi sent an email to Enforcement Directorate to ask about the reasons for suspending his passport.

&quot;Passport authority suspended my passport. Meanwhile, you asked me to join probe . Wrote to Passport authority requesting it to provide me reasons of suspension &amp; proposed revocation. Surprisingly, within minutes of my reply ,authority revoked my passport&quot;.

Also read:&nbsp;<a href="http://www.wionews.com/india-news/pnb-scam-cannot-confirm-nirav-modi-is-here-says-us-34468">Cannot confirm Nirav Modi is here, says&nbsp;</a><a href="http://www.wionews.com/india-news/pnb-scam-cannot-confirm-nirav-modi-is-here-says-us-34468">US</a>

He accused system for&nbsp;disregarding the law and said that his&nbsp;&#39;&#39;fate was already decided&quot;.

&#39;&#39;The lightning speed in which the authority has acted clearly shows that the action itself was pre-determined. My fate was already decided&#39;&#39;.

Nirav Modi also stated reasons for not cooperating with the probe in India; he said that he is still &#39;&#39;working abroad and engaged in trying to deal with businesses.&#39;&#39;

Also read:&nbsp;<a href="http://www.wionews.com/india-news/pnb-fraud-internal-chief-auditor-of-punjab-national-bank-arrested-34-more-bank-accounts-of-gitanjali-group-attached-34366">PNB&#39;s Internal Chief Auditor arrested, 34 more bank accounts of Gitanjali Group attached</a>

&#39;&#39;Still working abroad as I continue to be very engaged in trying to deal with businesses that I am involved with outside of India. Trying to ensure that so far as possible the position of these business creditors(including banks)&amp; employees are properly considered&#39;&#39;.

Nirav Modi and and Mehul Choksir are being investigated by probe agencies after Punjab National Bank filed a complaint of fraudulent transactions of&nbsp;Rs 12,000 crores occurred&nbsp;through acquiring fake letters of undertaking.&nbsp;&nbsp;

Also read:&nbsp;<a href="http://www.wionews.com/india-news/we-have-businesses-abroad-so-i-cant-join-investigations-nirav-modi-replies-to-cbis-mail-34348">We have businesses abroad so I can&#39;t join investigations says Nirav Modi to CBI&#39;s mail</a>

They allegedly acquired fraudulent letters of undertaking (LoUs) were taken&nbsp;from its the banks Brady House branch in Mumbai&nbsp;for overseas credit from other lenders.

The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have registered two FIRs each in this case.

A special Prevention of <a href="http://www.wionews.com/india-news/pnb-scam-special-pmla-court-issues-non-bailable-warrant-against-nirav-modi-and-mehul-choksi-34551">Money Laundering (PMLA) Court in Mumbai has also issued a non-bailable warrant </a>against Nirav Modi and Mehul Choksi on Saturday.

Amid the investigation by various probe agencies in Punjab National Bank scam case, accused Nirav Modi sent an email to Enforcement Directorate to ask about the reasons for suspending his passport

Amid the investigation by various probe agencies in Punjab National Bank scam case, accused Nirav Modi sent an email to Enforcement Directorate to ask about the reasons for suspending his passport. "Passport authority suspended my passport. Meanwhile, you asked me to join probe . Wrote to Passport authority requesting it to provide me reasons of suspension & proposed revocation. Surprisingly, within minutes of my reply ,authority revoked my passport". Also read: Cannot confirm Nirav Modi is here, says US He accused system for disregarding the law and said that his ''fate was already decided". ''The lightning speed in which the authority has acted clearly shows that the action itself was pre-determined. My fate was already decided''. Nirav Modi also stated reasons for not cooperating with the probe in India; he said that he is still ''working abroad and engaged in trying to deal with businesses.'' Also read: PNB's Internal Chief Auditor arrested, 34 more bank accounts of Gitanjali Group attached ''Still working abroad as I continue to be very engaged in trying to deal with businesses that I am involved with outside of India. Trying to ensure that so far as possible the position of these business creditors(including banks)& employees are properly considered''. Nirav Modi and and Mehul Choksir are being investigated by probe agencies after Punjab National Bank filed a complaint of fraudulent transactions of Rs 12,000 crores occurred through acquiring fake letters of undertaking. Also read: We have businesses abroad so I can't join investigations says Nirav Modi to CBI's mail They allegedly acquired fraudulent letters of undertaking (LoUs) were taken from its the banks Brady House branch in Mumbai for overseas credit from other lenders. The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have registered two FIRs each in this case. A special Prevention of Money Laundering (PMLA) Court in Mumbai has also issued a non-bailable warrant against Nirav Modi and Mehul Choksi on Saturday.

PNB scam: 'My fate was pre-determined' says Nirav Modi

The CBI today arrested another senior executive of the Punjab National Bank and claimed to have recovered documents related to Letter of Undertaking from &#39;chawl&#39; as it continued its searches in connection with the USD 2 billion fraud.

Internal Chief Auditor (retd) Bishnubrata Mishra, who was responsible for concurrent audit for the period 2011-2015 at PNB Brady House branch, was arrested today, the agency said.

Mishra was responsible for auditing the procedures and practices followed in the PNB branch and report them.

Officials said 13 more people were questioned today in addition to the questioning of those who are in CBI custody.

They said the more searches were carried out after information surfaced during questioning of some arrested accused and others persons.

The documents were hidden in a small room of a &#39;chawl&#39; in Wadala, a central Mumbai suburb.

The premises is believed to be that of Nirav Modi (not in name of the company).

The billionaire jeweller has refused to join the probe citing his business engagements.

The CBI made the first arrest of an auditor of the bank when its internal chief auditor M K Sharma-- a chief manager-ranked official-- was picked up by the agency.

Sharma, a scale-IV officer, was responsible for auditing the systems and practices of the bank&#39;s Brady House branch--from Letters of Undertakings (LoUs) were issued-- and report the deficiencies with zonal audit office, they said.

Unfazed by Nirav Modi&#39;s reluctance to join the probe, the CBI, in a terse letter, &quot;directed&quot; him to approach the Indian mission in the country where he is residing so that immediate arrangement can be made for his travel to India, officials said.

The agency has told him that it is mandatory for an accused to join the investigation whenever they are asked to, they said.

The agency had earlier asked Modi on his official email id to join the investigation related to Rs 12,636 crore scam pertaining to the fraudulent issuance of the LoUs and Letters of Credit (LCs) from Brady House branch of PNB in Mumbai in favour of his and his uncle Mehul Choksi&#39;s companies, they said.

The quantum of the alleged fraud perpetrated in the bank by billionaire jewellers Modi and Choksi stands close to USD 2 billion after the teams of the CBI and PNB found fresh LoUs and LCs worth Rs 1,251 crore related to Choksi&#39;s Gitanjali group of companies.

The PNB had earlier put the defrauded amount at Rs 11,394.02 crore (USD 1.77 billion).

The LoU is a guarantee which is given by an issuing bank to Indian banks having branches abroad to grant a short-term credit to the applicant. In case of default, the bank issuing the LoU has to pay the liability to credit giving bank along with accruing interest.

It is alleged that LoUs and LCs worth close to USD 2 billion were issued to the companies of uncle-nephew duo of Choksi and Modi from the Brady Road branch of the bank through SWIFT (Society for Worldwide Interbank Financial Telecommunication) messages.

These messages were allegedly not entered in the banking software of the PNB to bypass surveillance.

Internal Chief Auditor, Bishnubrata Mishra, who was responsible for concurrent audit for the period 2011-2015 at PNB Brady House branch, was arrested today

The CBI today arrested another senior executive of the Punjab National Bank and claimed to have recovered documents related to Letter of Undertaking from 'chawl' as it continued its searches in connection with the USD 2 billion fraud. Internal Chief Auditor (retd) Bishnubrata Mishra, who was responsible for concurrent audit for the period 2011-2015 at PNB Brady House branch, was arrested today, the agency said. Mishra was responsible for auditing the procedures and practices followed in the PNB branch and report them. Officials said 13 more people were questioned today in addition to the questioning of those who are in CBI custody. They said the more searches were carried out after information surfaced during questioning of some arrested accused and others persons. The documents were hidden in a small room of a 'chawl' in Wadala, a central Mumbai suburb. The premises is believed to be that of Nirav Modi (not in name of the company). The billionaire jeweller has refused to join the probe citing his business engagements. The CBI made the first arrest of an auditor of the bank when its internal chief auditor M K Sharma-- a chief manager-ranked official-- was picked up by the agency. Sharma, a scale-IV officer, was responsible for auditing the systems and practices of the bank's Brady House branch--from Letters of Undertakings (LoUs) were issued-- and report the deficiencies with zonal audit office, they said. Unfazed by Nirav Modi's reluctance to join the probe, the CBI, in a terse letter, "directed" him to approach the Indian mission in the country where he is residing so that immediate arrangement can be made for his travel to India, officials said. The agency has told him that it is mandatory for an accused to join the investigation whenever they are asked to, they said. The agency had earlier asked Modi on his official email id to join the investigation related to Rs 12,636 crore scam pertaining to the fraudulent issuance of the LoUs and Letters of Credit (LCs) from Brady House branch of PNB in Mumbai in favour of his and his uncle Mehul Choksi's companies, they said. The quantum of the alleged fraud perpetrated in the bank by billionaire jewellers Modi and Choksi stands close to USD 2 billion after the teams of the CBI and PNB found fresh LoUs and LCs worth Rs 1,251 crore related to Choksi's Gitanjali group of companies. The PNB had earlier put the defrauded amount at Rs 11,394.02 crore (USD 1.77 billion). The LoU is a guarantee which is given by an issuing bank to Indian banks having branches abroad to grant a short-term credit to the applicant. In case of default, the bank issuing the LoU has to pay the liability to credit giving bank along with accruing interest. It is alleged that LoUs and LCs worth close to USD 2 billion were issued to the companies of uncle-nephew duo of Choksi and Modi from the Brady Road branch of the bank through SWIFT (Society for Worldwide Interbank Financial Telecommunication) messages. These messages were allegedly not entered in the banking software of the PNB to bypass surveillance.

PNB fraud: CBI recovers documents related to LoU from 'chawl'; arrests another executive

Diamantaire Nirav Modi, who figures at the centre of the Rs 11,400 crore mega PNB scam, has finally replied to the CBI&#39;s mail saying that he is unable to join the investigations owing to business abroad. He also denied any wrongdoing.&nbsp;

The CBI had written to Nirav Modi on his official email address asking him to join the investigations.

According to reports, the CBI wrote to Nirav Modi again asking him to contact the High Commission of the concerned country. The CBI also stated that it will arrange for his travel back to India.&nbsp;

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CBI on <a href="https://twitter.com/hashtag/NiravModi?src=hash&amp;ref_src=twsrc%5Etfw">#NiravModi</a>: CBI wrote a mail to Nirav Modi on his official email address asking him to join the investigation. He replied, we have a businesses abroad so I can&#39;t join investigation. <a href="https://t.co/Ei9N67Vfg6">pic.twitter.com/Ei9N67Vfg6</a>
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/968817128039157760?ref_src=twsrc%5Etfw">February 28, 2018</a></blockquote>
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The CBI has called out to Nirav Modi directing him to join the investigations next week.

Meanwhile, the Investigation bureau added that it did not know Modi&#39;s whereabouts. The agency earlier said he left India in January before the $2 billion fraud, which also involves a firm controlled by his uncle Mehul Choksi, came to light.

(With inputs from agencies)

CBI had written to Nirav Modi on his official email address asking him to join the investigation

Diamantaire Nirav Modi, who figures at the centre of the Rs 11,400 crore mega PNB scam, has finally replied to the CBI's mail saying that he is unable to join the investigations owing to business abroad. He also denied any wrongdoing. The CBI had written to Nirav Modi on his official email address asking him to join the investigations. According to reports, the CBI wrote to Nirav Modi again asking him to contact the High Commission of the concerned country. The CBI also stated that it will arrange for his travel back to India. CBI on #NiravModi: CBI wrote a mail to Nirav Modi on his official email address asking him to join the investigation. He replied, we have a businesses abroad so I can't join investigation. pic.twitter.com/Ei9N67Vfg6 — ANI (@ANI) February 28, 2018 × The CBI has called out to Nirav Modi directing him to join the investigations next week. Meanwhile, the Investigation bureau added that it did not know Modi's whereabouts. The agency earlier said he left India in January before the $2 billion fraud, which also involves a firm controlled by his uncle Mehul Choksi, came to light. (With inputs from agencies)

We have businesses abroad so I can't join investigations: Nirav Modi replies to CBI's mail

The Central Bureau of Investigation has registered a case of bank loan fraud against RP Infosystem and its directors.&nbsp;

The fraud is thought to be worth Rs 515.15 crore

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Central Bureau of Investigation (CBI) registered a case of bank fraud worth Rs 515.15 crores against RP Infosystem &amp; its directors
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/968751731080355842?ref_src=twsrc%5Etfw">February 28, 2018</a></blockquote>
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RP Infosystems manufactures personal computers and is based out of Kolkata.&nbsp;

Punjab National Bank had earlier this month reported fraudulent transactions worth Rs 11,400 crore from a single Mumbai branch. The bank has since said the total amount scammed might be <a href="http://www.wionews.com/india-news/pnb-fraud-bank-says-scam-amount-could-be-rs-1300-crore-higher-34155" target="_blank">Rs 1,300 crore more</a>.&nbsp;

Billionaire diamantaire Nirav Modi, who has become the face of the scam, is accused of defrauding the bank of Rs 280 crore.&nbsp;

RP Infosystems manufactures personal computers and is based out of Kolkata

The Central Bureau of Investigation has registered a case of bank loan fraud against RP Infosystem and its directors. The fraud is thought to be worth Rs 515.15 crore Central Bureau of Investigation (CBI) registered a case of bank fraud worth Rs 515.15 crores against RP Infosystem & its directors — ANI (@ANI) February 28, 2018 × RP Infosystems manufactures personal computers and is based out of Kolkata. Punjab National Bank had earlier this month reported fraudulent transactions worth Rs 11,400 crore from a single Mumbai branch. The bank has since said the total amount scammed might be Rs 1,300 crore more. Billionaire diamantaire Nirav Modi, who has become the face of the scam, is accused of defrauding the bank of Rs 280 crore.

CBI registers Rs 515.15 crore bank loan fraud case against RP Infosystem, directors

After PNB reported a<a href="http://www.wionews.com/india-news/nirav-modis-firestar-diamond-files-for-bankruptcy-in-the-united-states-34236"> further scam of Rs 1,251 crores</a>, the Central Bureau of Investigation(CBI) began questioning two auditors including a former Managing Director and two General Managers in the multi-crore scam. 
&nbsp; 
The CBI today questioned<a href="http://www.wionews.com/india-news/finance-ministry-gives-state-run-banks-15-days-to-improve-oversight-34238"> NS Kannan, Executive Director, ICICI Bank</a> which was the leader of Consortium Bank who lent money to Geetanjali Group of Companies.

Former PNB CMD Usha Anant Subramanian who is currently CEO Allahabad Bank was also questioned by CBI officials.

Usha Anant Subramanian was PNB CMD from 14th August, 2015 to 5th May, 2017.

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Former PNB CMD Usha Anant Subramanian &amp; NS Kannan, Executive Director, ICIC bank were questioned by CBI (WION)
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The CBI said today it is now probing Rs 12,636 crore PNB scam, up from Rs 11,421 crore.

Meanwhile, Firestar Diamond Inc, the flagship company of billionaire Nirav Modi who is at the centre of India&#39;s biggest-ever bank scam, has filed for bankruptcy in the United States.

The company has listed assets and liabilities in the range of $50 million to $100 million, according to a court filing in the Southern District Of New York.

The CBI today questioned NS Kannan, Executive Director, ICICI Bank

After PNB reported a further scam of Rs 1,251 crores, the Central Bureau of Investigation(CBI) began questioning two auditors including a former Managing Director and two General Managers in the multi-crore scam. The CBI today questioned NS Kannan, Executive Director, ICICI Bank which was the leader of Consortium Bank who lent money to Geetanjali Group of Companies. Former PNB CMD Usha Anant Subramanian who is currently CEO Allahabad Bank was also questioned by CBI officials. Usha Anant Subramanian was PNB CMD from 14th August, 2015 to 5th May, 2017. Former PNB CMD Usha Anant Subramanian & NS Kannan, Executive Director, ICIC bank were questioned by CBI (WION) × The CBI said today it is now probing Rs 12,636 crore PNB scam, up from Rs 11,421 crore. Meanwhile, Firestar Diamond Inc, the flagship company of billionaire Nirav Modi who is at the centre of India's biggest-ever bank scam, has filed for bankruptcy in the United States. The company has listed assets and liabilities in the range of $50 million to $100 million, according to a court filing in the Southern District Of New York.

CBI questions ex-CMD of PNB, other top officials

<a href="http://www.wionews.com/india-news/entertainment-sridevis-body-on-its-way-back-to-mumbai-10-new-developments-in-the-case-34243">Sridevi&#39;s body on its way back to Mumbai: 10 new developments in the case</a>

The mortal remains of actress Sridevi have finally been handed over to actress&#39; family. The past three days have been daunting for the Kapoor family as the Dubai Police took time to investigate the case and hand over Sridevi&#39;s mortal remains to her family as they had &#39;formalities&#39; to clear.&nbsp;

<a href="http://www.wionews.com/india-news/cbi-questions-ex-cmd-of-pnb-other-top-officials-34247">CBI questions ex-CMD of PNB, other top officials</a>

After PNB reported a further scam of Rs 1,251 crores, the Central Bureau of Investigation(CBI) began questioning two auditors including a former Managing Director and two General Managers in the multi-crore scam. The CBI today questioned NS Kannan, Executive Director, ICICI Bank which was the leader of Consortium Bank who lent money to Geetanjali Group of Companies.

<a href="http://www.wionews.com/india-news/south-china-sea-will-be-discussed-during-vietnam-presidents-visit-to-india-says-vietnam-ambassador-to-india-34231">&#39;</a><a href="http://www.wionews.com/india-news/south-china-sea-will-be-discussed-during-vietnam-presidents-visit-to-india-says-vietnam-ambassador-to-india-34231">South</a><a href="http://www.wionews.com/india-news/south-china-sea-will-be-discussed-during-vietnam-presidents-visit-to-india-says-vietnam-ambassador-to-india-34231"> China Sea will be discussed during President&#39;s visit to India,&#39; says Vietnam ambassador to India</a>

Ton Sinh Thanh, Vietnam&#39;s ambassador to India, said today President Tran Dai Quang who will be visiting India next week will be discussing the South China issue with PM Modi. &quot;Vietnam is one of the few countries in South-East Asia that is raising its voice against China flexing its muscles in the South China Sea. China claims a number of territories and islands as its own over the South China Sea,&quot; Ton Sinh Thanh said.

<a href="http://www.wionews.com/india-news/excercise-milan-indias-naval-23-nation-naval-excercise-is-provocative-say-chinese-observerers-34216">Excercise Milan: India&#39;s 23-nation naval </a><a href="http://www.wionews.com/india-news/excercise-milan-indias-naval-23-nation-naval-excercise-is-provocative-say-chinese-observerers-34216">excercise</a><a href="http://www.wionews.com/india-news/excercise-milan-indias-naval-23-nation-naval-excercise-is-provocative-say-chinese-observerers-34216"> is &#39;provocative&#39;, say Chinese observers</a>

Chinese observers speaking to state-run newspaper Global Times said today that India&#39;s new Naval initiative exercise Milan consisting of 23 countries is a &quot;provocative&quot; gesture which will &quot;not benefit the development of Sino-Indian relations&quot;.

<a href="http://www.wionews.com/world/russia-working-towards-developing-long-range-unmanned-strike-system-34221">Russia working towards developing long-range unmanned strike system</a>

Russia is working on developing a long-range unmanned strike system, built by Zvezda, media reports have informed on Tuesday. Alexander Nemov, deputy chief of the research department at the 30th Central Scientific Research Institute outside Moscow said that the large unnamed aircraft would come out next year which will infiltrate far into an enemy&#39;s territory.&nbsp;

Sridevi's body on its way back to Mumbai: 10 new developments in the case The mortal remains of actress Sridevi have finally been handed over to actress' family. The past three days have been daunting for the Kapoor family as the Dubai Police took time to investigate the case and hand over Sridevi's mortal remains to her family as they had 'formalities' to clear. CBI questions ex-CMD of PNB, other top officials After PNB reported a further scam of Rs 1,251 crores, the Central Bureau of Investigation(CBI) began questioning two auditors including a former Managing Director and two General Managers in the multi-crore scam. The CBI today questioned NS Kannan, Executive Director, ICICI Bank which was the leader of Consortium Bank who lent money to Geetanjali Group of Companies. 'South China Sea will be discussed during President's visit to India,' says Vietnam ambassador to India Ton Sinh Thanh, Vietnam's ambassador to India, said today President Tran Dai Quang who will be visiting India next week will be discussing the South China issue with PM Modi. "Vietnam is one of the few countries in South-East Asia that is raising its voice against China flexing its muscles in the South China Sea. China claims a number of territories and islands as its own over the South China Sea," Ton Sinh Thanh said. Excercise Milan: India's 23-nation naval excercise is 'provocative', say Chinese observers Chinese observers speaking to state-run newspaper Global Times said today that India's new Naval initiative exercise Milan consisting of 23 countries is a "provocative" gesture which will "not benefit the development of Sino-Indian relations". Russia working towards developing long-range unmanned strike system Russia is working on developing a long-range unmanned strike system, built by Zvezda, media reports have informed on Tuesday. Alexander Nemov, deputy chief of the research department at the 30th Central Scientific Research Institute outside Moscow said that the large unnamed aircraft would come out next year which will infiltrate far into an enemy's territory.

WION news brief, February 27, 2018

The Central Bureau of Investigation on Monday issued lookout circulars against all accused in the&nbsp;bank loan scam case involving jeweller<a href="http://www.wionews.com/india-news/delhi-diamond-exporter-booked-for-rs-389-crore-obc-loan-fraud-33878"> Dwarka Das Seth</a>, officials said.&nbsp;

The CBI had registered a case against the Delhi-based diamond jewellery exporter for an alleged bank loan fraud to the tune of Rs 389.85 crore involving&nbsp;the Oriental Bank of Commerce.

The investigating agency registered a case against the company six months after the public sector bank filed a complaint with the CBI.

It also registered cases against the directors of the firm, Sabhya Seth, Reeta Seth, Krishna Kumar Singh, and Ravi Singh, and another company named the Dwarka Das Seth SEZ Incorporation.

The company has availed various credit facilities from OBC between 2007-12, which increased to Rs 389 crore during the period.

The bank complaint, now part of the CBI FIR, alleged that the company was using Letters of Credit (LoCs) to pay off other creditors against the purchase of gold and other precious stone and transfer gold and funds outside the country using fictitious transactions.

The company was also engaging in business transactions with non-existent entities, it said.&nbsp;

The Central Bureau of Investigation on Monday issued lookout circulars against all accused in the bank loan scam case involving jeweller Dwarka Das Seth, officials said

The Central Bureau of Investigation on Monday issued lookout circulars against all accused in the bank loan scam case involving jeweller Dwarka Das Seth, officials said. The CBI had registered a case against the Delhi-based diamond jewellery exporter for an alleged bank loan fraud to the tune of Rs 389.85 crore involving the Oriental Bank of Commerce. The investigating agency registered a case against the company six months after the public sector bank filed a complaint with the CBI. It also registered cases against the directors of the firm, Sabhya Seth, Reeta Seth, Krishna Kumar Singh, and Ravi Singh, and another company named the Dwarka Das Seth SEZ Incorporation. The company has availed various credit facilities from OBC between 2007-12, which increased to Rs 389 crore during the period. The bank complaint, now part of the CBI FIR, alleged that the company was using Letters of Credit (LoCs) to pay off other creditors against the purchase of gold and other precious stone and transfer gold and funds outside the country using fictitious transactions. The company was also engaging in business transactions with non-existent entities, it said.

CBI issues lookout notice against diamond exporter Dwarka Das Seth for loan fraud

The CBI has registered a case against Simbhaoli Sugars Limited, its Chairman Gurmit Singh Mann, Deputy Managing Director Gurpal Singh and others in connection with an alleged bank loan fraud of Rs 97.85 crore.

Simbhaoli Sugars Limited is one of the largest sugar mills in the country.

The company&#39;s Chief Executive Officer G S C Rao, CFO Sanjay Tapriya, Executive Director Gursimran Kaur Mann and five non-executive directors have also been booked by the agency.

Gurpal Singh is the son-in-law of Punjab Chief Minister Amrinder Singh.

The CBI today carried out searches at eight premises including residences of the directors, factory, corporate office and registered office of the company in Delhi, Hapur and Noida, CBI spokesperson Abhishek Dayal said.

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The probe focuses on two loans -- Rs 97.85 crore which was declared fraud in 2015 and another corporate loan of Rs 110 crore which was used to repay the previous loan.

The second loan was declared NPA on November 29, 2016, nearly 20 days after scrapping of Rs 1,000 and old Rs 500 notes was announced, according to the CBI FIR.

The bank was allegedly cheated to the tune of Rs 97.85 crore, but the loss incurred by the bank is Rs 109.08 crore, the FIR read.

The lender, Oriental Bank of Commerce, complained to the CBI on November 17, 2017, but the agency registered a case of criminal conspiracy and cheating under the Prevention of Corruption Act on February 22.

According to the FIR, OBC sanctioned a loan of Rs 148.60 crore to the company in 2011.

The loan was sanctioned for financing 5,762 sugarcane farmers based on a tie-up agreement under an RBI scheme for supplying sugar produce to the company from January 25, 2012 to March 13, 2012.

The loan money was &quot;dishonestly and fraudulently diverted by the company for its own needs&quot;, Dayal said.

According to an MoU, out of the price to be paid by Simbhaoli Sugars Limited to the farmers, loan liabilities were to be adjusted and the remaining amount was to be paid by the company to the growers, according to the FIR.

The account turned NPA on March 31, 2015 and was declared alleged fraud by the bank to RBI on May 13, 2015 for an amount of Rs 97.85 crore.

OBC alleged that in addition to the existing NPA, the bank, under multiple banking arrangements, sanctioned another corporate loan of Rs 110 crore to the company on January 28, 2015 to pay its outstanding loan of Rs 97.85 crore.

The bank adjusted the total liability of Rs 112.94 crore towards the company by way of deposit of the new corporate loan.?

&quot;The corporate loan, too, turned NPA on November 29, 2016,&quot; Dayal said.&nbsp;

Simbhaoli Sugars is one of the country's largest sugar mills

The CBI has registered a case against Simbhaoli Sugars Limited, its Chairman Gurmit Singh Mann, Deputy Managing Director Gurpal Singh and others in connection with an alleged bank loan fraud of Rs 97.85 crore. Simbhaoli Sugars Limited is one of the largest sugar mills in the country. The company's Chief Executive Officer G S C Rao, CFO Sanjay Tapriya, Executive Director Gursimran Kaur Mann and five non-executive directors have also been booked by the agency. Gurpal Singh is the son-in-law of Punjab Chief Minister Amrinder Singh. The CBI today carried out searches at eight premises including residences of the directors, factory, corporate office and registered office of the company in Delhi, Hapur and Noida, CBI spokesperson Abhishek Dayal said. Deputy Managing Director Gurpal Singh is the son-in-law of Punjab Chief Minister Amrinder Singh × The probe focuses on two loans -- Rs 97.85 crore which was declared fraud in 2015 and another corporate loan of Rs 110 crore which was used to repay the previous loan. The second loan was declared NPA on November 29, 2016, nearly 20 days after scrapping of Rs 1,000 and old Rs 500 notes was announced, according to the CBI FIR. The bank was allegedly cheated to the tune of Rs 97.85 crore, but the loss incurred by the bank is Rs 109.08 crore, the FIR read. The lender, Oriental Bank of Commerce, complained to the CBI on November 17, 2017, but the agency registered a case of criminal conspiracy and cheating under the Prevention of Corruption Act on February 22. According to the FIR, OBC sanctioned a loan of Rs 148.60 crore to the company in 2011. The loan was sanctioned for financing 5,762 sugarcane farmers based on a tie-up agreement under an RBI scheme for supplying sugar produce to the company from January 25, 2012 to March 13, 2012. The loan money was "dishonestly and fraudulently diverted by the company for its own needs", Dayal said. According to an MoU, out of the price to be paid by Simbhaoli Sugars Limited to the farmers, loan liabilities were to be adjusted and the remaining amount was to be paid by the company to the growers, according to the FIR. The account turned NPA on March 31, 2015 and was declared alleged fraud by the bank to RBI on May 13, 2015 for an amount of Rs 97.85 crore. OBC alleged that in addition to the existing NPA, the bank, under multiple banking arrangements, sanctioned another corporate loan of Rs 110 crore to the company on January 28, 2015 to pay its outstanding loan of Rs 97.85 crore. The bank adjusted the total liability of Rs 112.94 crore towards the company by way of deposit of the new corporate loan.? "The corporate loan, too, turned NPA on November 29, 2016," Dayal said.

Punjab CM's son-in-law, others booked in Rs 97-cr bank loan fraud case against Simbhaoli Sugars Ltd

<a href="http://www.wionews.com/india-news/cbi-registers-rs-97-cr-bank-loan-fraud-case-against-simbhaoli-sugars-ltd-chairman-deputy-md-34044">CBI registers Rs 97-cr bank loan fraud case against Simbhaoli Sugars Ltd, chairman, deputy MD</a>

The CBI has registered a case against Simbhaoli Sugars Limited, its Chairman Gurmit Singh Mann, Deputy Managing Director Gurpal Singh and others in connection with an alleged bank loan fraud of Rs 97.85 crore.

<a href="http://www.wionews.com/india-news/fir-against-aap-mla-naresh-balyan-for-saying-officers-should-be-beaten-up-34048">Delhi: FIR filed against AAP MLA Naresh Balyan for saying officers &#39;should be beaten up&#39;</a>

Aam Aadmi Party (AAP) Uttam Nagar&#39;s MLA Naresh Balyan has been booked for saying that officers obstructing public work &quot;should be beaten up&quot;, police said on Sunday.

<a href="http://www.wionews.com/india-news/manohar-parrikar-readmitted-to-goa-hospital-34042">Goa CM Manohar Parrikar readmitted to hospital</a>

Chief Minister Manohar Parrikar was admitted to the Goa Medical College and Hospital in Panaji on Sunday evening after he complained of uneasiness, a GMCH official said.

<a href="http://www.wionews.com/world/us-gun-lobby-pushes-back-against-trumps-gun-plans-after-florida-shooting-34050">US gun lobby pushes back against Trump&#39;s gun plans after Florida shooting</a>

The National Rifle Association pushed back on Sunday against modest proposals by President Donald Trump and other Republicans to change U.S. gun laws in the wake of a school shooting in Florida that killed 17 students and staff.

<a href="http://www.wionews.com/world/after-shooting-students-brace-for-emotional-return-to-florida-school-34039">After shooting, students brace for emotional return to Florida school</a>

Students and teachers preparing to return to the Florida school that was the scene of a gruesome mass shooting called the prospect &quot;daunting&quot; and &quot;scary&quot; Sunday as they urged politicians to act swiftly to address gun violence.

CBI registers Rs 97-cr bank loan fraud case against Simbhaoli Sugars Ltd, chairman, deputy MD The CBI has registered a case against Simbhaoli Sugars Limited, its Chairman Gurmit Singh Mann, Deputy Managing Director Gurpal Singh and others in connection with an alleged bank loan fraud of Rs 97.85 crore. Delhi: FIR filed against AAP MLA Naresh Balyan for saying officers 'should be beaten up' Aam Aadmi Party (AAP) Uttam Nagar's MLA Naresh Balyan has been booked for saying that officers obstructing public work "should be beaten up", police said on Sunday. Goa CM Manohar Parrikar readmitted to hospital Chief Minister Manohar Parrikar was admitted to the Goa Medical College and Hospital in Panaji on Sunday evening after he complained of uneasiness, a GMCH official said. US gun lobby pushes back against Trump's gun plans after Florida shooting The National Rifle Association pushed back on Sunday against modest proposals by President Donald Trump and other Republicans to change U.S. gun laws in the wake of a school shooting in Florida that killed 17 students and staff. After shooting, students brace for emotional return to Florida school Students and teachers preparing to return to the Florida school that was the scene of a gruesome mass shooting called the prospect "daunting" and "scary" Sunday as they urged politicians to act swiftly to address gun violence.

WION Morning News Brief, February 26, 2018

After Nirav Modi and Mehul Choksi, the CBI has registered a case against a Delhi-based diamond jewellery exporter for an alleged bank loan fraud to the tune of Rs 389.85 crore towards Oriental Bank of Commerce.

Also read: <a href="http://www.wionews.com/india-news/opinion-after-nirab-modi-frauds-pnb-are-we-to-pay-for-our-theft-ourselves-33797">After Nirav Modi frauds PNB, are we to pay for our theft ourselves?</a>

The CBI has booked Dwarka Das Seth International Pvt Ltd for the alleged fraud.

Also read: <a href="http://www.wionews.com/india-news/pnb-fraud-enforcement-directorate-freezes-nirav-modis-assets-worth-rs-4386-crore-33805">Enforcement Directorate freezes Nirav Modi&#39;s assets worth Rs 43.86 crore</a>

Six months after the public sector bank filed a complaint with the CBI, the agency booked the company, and Sabhya Seth, Reeta Seth, Krishna Kumar Singh, Ravi Singh - all directors of the firm - and another company named Dwarka Das Seth SEZ Incorporation.

Also read: <a href="http://www.wionews.com/india-news/post-scam-pnb-transfers-nearly-18000-employees-after-cvc-rap-33622">Post-scam, PNB transfers nearly 18,000 employees after CVC rap</a>

The company has availed various credit facilities from OBC between 2007-12, which swelled to Rs 389 crore during the period.

It was found by the bank that the company was using Letters of Credit (LoCs) to pay off other creditors against the purchae of gold and other precious stone and transfer gold and funds outside the country using fictitious transactions, the bank complaint, now part of the CBI FIR, alleged.

The company was also engaging in business transactions with non existent entities, it said.&nbsp;

The CBI has booked Dwarka Das Seth International Pvt Ltd for the alleged fraud.

After Nirav Modi and Mehul Choksi, the CBI has registered a case against a Delhi-based diamond jewellery exporter for an alleged bank loan fraud to the tune of Rs 389.85 crore towards Oriental Bank of Commerce. Also read: After Nirav Modi frauds PNB, are we to pay for our theft ourselves? The CBI has booked Dwarka Das Seth International Pvt Ltd for the alleged fraud. Also read: Enforcement Directorate freezes Nirav Modi's assets worth Rs 43.86 crore Six months after the public sector bank filed a complaint with the CBI, the agency booked the company, and Sabhya Seth, Reeta Seth, Krishna Kumar Singh, Ravi Singh - all directors of the firm - and another company named Dwarka Das Seth SEZ Incorporation. Also read: Post-scam, PNB transfers nearly 18,000 employees after CVC rap The company has availed various credit facilities from OBC between 2007-12, which swelled to Rs 389 crore during the period. It was found by the bank that the company was using Letters of Credit (LoCs) to pay off other creditors against the purchae of gold and other precious stone and transfer gold and funds outside the country using fictitious transactions, the bank complaint, now part of the CBI FIR, alleged. The company was also engaging in business transactions with non existent entities, it said.

After Nirav Modi, Delhi-based diamond exporter booked for Rs 389-cr OBC loan fraud

CBI has arrested one of the administrators of a WhatsApp group circulating child pornography messages.&nbsp;

Nikhil Verma, one of the administrators of the WhatsApp group, has been arrested while a case has been registered against 5 group admins and nearly hundred members of the WhatsApp group. The group includes close to 200 members from various countries.

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CBI registers case against 5 people (group admins) &amp; 114 members of a WhatsApp group for circulating child pornography messages. CBI conducting searches at three locations in Delhi, UP &amp; Maharashtra.
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/966641799287762945?ref_src=twsrc%5Etfw">February 22, 2018</a></blockquote>
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A CBI case under section 67-B of IT Act has been registered against the concerned individuals. The group has been circulating and sharing child pornographic material.&nbsp;

While searches were carried out in Delhi, Noida, Maharashtra and Kanauj (UP), administrators&#39; properties like laptops, mobile phones, hard disks have been seized.&nbsp;

Members include people from India, Brazil, Pakistan, Afghanistan, Kenya, Nigeria, Sri Lanka, USA and China. Law enforcement agencies of the respective countries have been contacted.&nbsp;

According to the CBI, sharing, uploading and downloading explicit content online is a punishable offence in India.&nbsp;

The WhatsApp group is reported to be in existence for nearly a couple of years. One of the administrators, Nikhil Verma is identified as a 20-year-old commerce graduate from Kanauj, Uttar Pradesh.&nbsp;

Victim identification will be done at a later stage.&nbsp;

 
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Nikhil Verma, one of the administrators of the WhatsApp group has been arrested

CBI has arrested one of the administrators of a WhatsApp group circulating child pornography messages. Nikhil Verma, one of the administrators of the WhatsApp group, has been arrested while a case has been registered against 5 group admins and nearly hundred members of the WhatsApp group. The group includes close to 200 members from various countries. CBI registers case against 5 people (group admins) & 114 members of a WhatsApp group for circulating child pornography messages. CBI conducting searches at three locations in Delhi, UP & Maharashtra. — ANI (@ANI) February 22, 2018 × A CBI case under section 67-B of IT Act has been registered against the concerned individuals. The group has been circulating and sharing child pornographic material. While searches were carried out in Delhi, Noida, Maharashtra and Kanauj (UP), administrators' properties like laptops, mobile phones, hard disks have been seized. Members include people from India, Brazil, Pakistan, Afghanistan, Kenya, Nigeria, Sri Lanka, USA and China. Law enforcement agencies of the respective countries have been contacted. According to the CBI, sharing, uploading and downloading explicit content online is a punishable offence in India. The WhatsApp group is reported to be in existence for nearly a couple of years. One of the administrators, Nikhil Verma is identified as a 20-year-old commerce graduate from Kanauj, Uttar Pradesh. Victim identification will be done at a later stage.

CBI registers case against 100 members in child pornography WhatsApp group

PNB officials today sent a <a href="http://www.wionews.com/india-news/post-scam-pnb-transfers-nearly-18000-employees-after-cvc-rap-33622">letter Nirav Modi accusing him</a> of illegally using bank LoUs and declared he was guilty of FEMA violation and money laundering.

&ldquo;You were getting Letter of Undertaking(<a href="http://www.wionews.com/india-news/pnb-scam-government-to-propose-change-to-swift-system-ed-seizes-nirav-modi-mehul-choksi-stocks-worth-rs-94-crore-33684">LoUs</a>)<a href="http://www.wionews.com/india-news/pnb-scam-government-to-propose-change-to-swift-system-ed-seizes-nirav-modi-mehul-choksi-stocks-worth-rs-94-crore-33684"> issued illegally and </a>in an unauthorized way through few bank officials. At no stage such facilities were extended by our bank to the three partner firms,&quot; PNB said in its letter.

PNB has accused Nirav Modi of defrauding the bank of &nbsp;Rs 11,300 crores since 2011 with the help of bank officials who have since been arrested.

&quot;When these illegal activities surfaced, they pointed out towards apparent violation of&nbsp;&nbsp;Foreign Exchange Regulation Act(FEMA) and money laundering aspect, the state bank said, adding,&quot;As required by law, the bank was compelled to bring there activities to the notice of law and enforcement agencies which the bank did.&quot;

&quot;Your commitment and undertaking for sparing of the total liability was not backed by providing upfront amounts and timelines. However, should you have any concrete and implementable plan, do revert back.&rdquo;

The Enforcement Directorate meanwhile continued to crackdown on Nirav Modi&#39;s assets in the country.&nbsp;

In addition to freezing shares and mutual funds worth Rs 94 crore belonging to Nirav Modi and Mehul Choksi, it also seized a number of luxury cars belonging to the duo.

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In what could be the biggest banking fraud in India, state-owned Punjab National Bank has said it has detected a US $1.77 billion scam and billionaire jeweller Nirav Modi is at the centre of it. (WION Web Team)
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PNB has accused Nirav Modi of defrauding the bank of Rs 11,300 crores since 2011

PNB officials today sent a letter Nirav Modi accusing him of illegally using bank LoUs and declared he was guilty of FEMA violation and money laundering. “You were getting Letter of Undertaking(LoUs) issued illegally and in an unauthorized way through few bank officials. At no stage such facilities were extended by our bank to the three partner firms," PNB said in its letter. PNB has accused Nirav Modi of defrauding the bank of Rs 11,300 crores since 2011 with the help of bank officials who have since been arrested. "When these illegal activities surfaced, they pointed out towards apparent violation of Foreign Exchange Regulation Act(FEMA) and money laundering aspect, the state bank said, adding,"As required by law, the bank was compelled to bring there activities to the notice of law and enforcement agencies which the bank did." "Your commitment and undertaking for sparing of the total liability was not backed by providing upfront amounts and timelines. However, should you have any concrete and implementable plan, do revert back.” The Enforcement Directorate meanwhile continued to crackdown on Nirav Modi's assets in the country. In addition to freezing shares and mutual funds worth Rs 94 crore belonging to Nirav Modi and Mehul Choksi, it also seized a number of luxury cars belonging to the duo. In what could be the biggest banking fraud in India, state-owned Punjab National Bank has said it has detected a US $1.77 billion scam and billionaire jeweller Nirav Modi is at the centre of it. (WION Web Team) ×

'You were getting LoUs issued illegally,' says PNB in letter to Nirav Modi

The Central Bureau of Investigation has arrested the owner of Rotomac Pens, Vikram Kothari, and his son Rahul Kothari. The duo has been booked in connection with a loan default of nearly Rs 3,700 crore taken from seven public sector banks.

The principal loan amount is around Rs 2919 crore. Kothari owes Rs 754.77 crore to the Bank of India, Rs 456.63 crore to the Bank of Baroda, Rs 771.07 crore to the Indian Overseas Bank, Rs 458.95 crore to the Union Bank of India, Rs 330.68 crore to the Allahabad Bank, Rs 49.82 crore to the Bank of Maharashtra and Rs 97.47 crore to the Oriental Bank of Commerce.

Four properties of the Rotomac Group were attached by the IT department on Wednesday in Kanpur and Ahmedabad. The CBI conducted multiple raids on Monday.

According to the CBI, the company allegedly used two modus operandi for syphoning off the loans secured from a consortium of banks&nbsp;2008 onwards.

On Tuesday, the <a href="http://www.wionews.com/india-news/cbi-questions-rotomac-owner-vikram-kothari-freezes-14-bank-accounts-33505">IT department attached 14 bank accounts </a>of Rotomac.&nbsp;

The CBI had registered a criminal case against Rotomac, its Director Vikram Kothari, his wife Sadhana Kothari and son Rahul Kothari and unidentified bank officials on a complaint received from Bank of Baroda and conducted raids against them on Monday.&nbsp;

Four properties of the Rotomac Group were attached by the IT department on Wednesday

The Central Bureau of Investigation has arrested the owner of Rotomac Pens, Vikram Kothari, and his son Rahul Kothari. The duo has been booked in connection with a loan default of nearly Rs 3,700 crore taken from seven public sector banks. The principal loan amount is around Rs 2919 crore. Kothari owes Rs 754.77 crore to the Bank of India, Rs 456.63 crore to the Bank of Baroda, Rs 771.07 crore to the Indian Overseas Bank, Rs 458.95 crore to the Union Bank of India, Rs 330.68 crore to the Allahabad Bank, Rs 49.82 crore to the Bank of Maharashtra and Rs 97.47 crore to the Oriental Bank of Commerce. Four properties of the Rotomac Group were attached by the IT department on Wednesday in Kanpur and Ahmedabad. The CBI conducted multiple raids on Monday. According to the CBI, the company allegedly used two modus operandi for syphoning off the loans secured from a consortium of banks 2008 onwards. On Tuesday, the IT department attached 14 bank accounts of Rotomac. The CBI had registered a criminal case against Rotomac, its Director Vikram Kothari, his wife Sadhana Kothari and son Rahul Kothari and unidentified bank officials on a complaint received from Bank of Baroda and conducted raids against them on Monday.

Rotomac bank fraud: CBI arrests Vikram Kothari and his son

A special Mumbai CBI court has ordered Mumbai PNB officials, Bechu Tiwari, Yashwant Joshi and Praful Sawant, to Police custody till 3 March.

Three officers at PNB&#39;s MCB Brady House branch in Mumbai were arrested yesterday.

Bechhu Tiwari, Chief Manager in charge of Forex department; Yashwant Joshi, Scale II, Manager Forex department; and Praful Sawant, Scale I Officer Export are among the ones arrested. Their residential premises along with Nirav Modi&#39;s office at Peninsula Business Park, Lower Parel were searched yesterday.

Meanwhile, as many as ten PNB officials, including present Executive Director level officers, were quizzed by the CBI earlier today. Eight executives from Nirav Modi&#39;s company and ten from the Gitanjali Group were also questioned.&nbsp;

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CBI examined 10 <a href="https://twitter.com/hashtag/PNB?src=hash&amp;ref_src=twsrc%5Etfw">#PNB</a> officials, including present Executive Director level officers quizzed.8 Executives of <a href="https://twitter.com/hashtag/NiravModi?src=hash&amp;ref_src=twsrc%5Etfw">#NiravModi</a>&#39;s company and 10 <a href="https://twitter.com/hashtag/Gitanjali?src=hash&amp;ref_src=twsrc%5Etfw">#Gitanjali</a> group officials also questioned: CBI
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/965919551077736448?ref_src=twsrc%5Etfw">February 20, 2018</a></blockquote>
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The Income Tax Department also searched at least twenty premises of the Gitanjali Group related to 13 companies. Searches were carried out in Mumbai, Pune, Surat, Hyderabad and Banglore. A CBI search is underway at Nirav Modi&#39;s Alibagh farm.&nbsp;

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CBI examined 10 <a href="https://twitter.com/hashtag/PNB?src=hash&amp;ref_src=twsrc%5Etfw">#PNB</a> officials, including present Executive Director level officers quizzed.8 Executives of <a href="https://twitter.com/hashtag/NiravModi?src=hash&amp;ref_src=twsrc%5Etfw">#NiravModi</a>&#39;s company and 10 <a href="https://twitter.com/hashtag/Gitanjali?src=hash&amp;ref_src=twsrc%5Etfw">#Gitanjali</a> group officials also questioned: CBI
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/965919551077736448?ref_src=twsrc%5Etfw">February 20, 2018</a></blockquote>
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Seven more properties of Mehul Choksi&#39;s Gitanjali Group were attached by the Income Tax department yesterday. Nine other accounts of the group were attached by the IT department on February 17.&nbsp;

Senior management officials at Gitanjali Gems called it quits yesterday as announced in a regulatory filing on Monday. The company revealed that CFO Chandrakant Karkare, company&rsquo;s vice-president (compliance) and a company secretary have resigned.&nbsp;

Punjab National Bank &quot;in view of fraudulent activities&quot; has asked Gitanjali Group companies to pay &quot;outstanding&quot; dues amounting to Rs 1,045.88 crore, the jewellery firm said in a regulatory filing.

The bank has demanded Rs 645.12 crore from Gitanjali Gems, Rs 187.52 from Gili India, Rs 110 from Nakshatra Brands, and Rs 103.24 crore from Asmi Jewellery.

Investigating agencies, including Enforcement Directorate, Central Bureau of Investigation and Income Tax Department, has launched a nationwide probe into the alleged fraud.

According to Enforcement Directorate, assets worth Rs 5716 Crore have been seized in the raids till now. 39 raids were conducted yesterday, out of which 10 were in Mumbai.&nbsp;

The Income Tax Department today searched at least twenty premises of the Gitanjali Group

A special Mumbai CBI court has ordered Mumbai PNB officials, Bechu Tiwari, Yashwant Joshi and Praful Sawant, to Police custody till 3 March. Three officers at PNB's MCB Brady House branch in Mumbai were arrested yesterday. Bechhu Tiwari, Chief Manager in charge of Forex department; Yashwant Joshi, Scale II, Manager Forex department; and Praful Sawant, Scale I Officer Export are among the ones arrested. Their residential premises along with Nirav Modi's office at Peninsula Business Park, Lower Parel were searched yesterday. Meanwhile, as many as ten PNB officials, including present Executive Director level officers, were quizzed by the CBI earlier today. Eight executives from Nirav Modi's company and ten from the Gitanjali Group were also questioned. CBI examined 10 #PNB officials, including present Executive Director level officers quizzed.8 Executives of #NiravModi's company and 10 #Gitanjali group officials also questioned: CBI — ANI (@ANI) February 20, 2018 × The Income Tax Department also searched at least twenty premises of the Gitanjali Group related to 13 companies. Searches were carried out in Mumbai, Pune, Surat, Hyderabad and Banglore. A CBI search is underway at Nirav Modi's Alibagh farm. CBI examined 10 #PNB officials, including present Executive Director level officers quizzed.8 Executives of #NiravModi's company and 10 #Gitanjali group officials also questioned: CBI — ANI (@ANI) February 20, 2018 × Seven more properties of Mehul Choksi's Gitanjali Group were attached by the Income Tax department yesterday. Nine other accounts of the group were attached by the IT department on February 17. Senior management officials at Gitanjali Gems called it quits yesterday as announced in a regulatory filing on Monday. The company revealed that CFO Chandrakant Karkare, company’s vice-president (compliance) and a company secretary have resigned. Punjab National Bank "in view of fraudulent activities" has asked Gitanjali Group companies to pay "outstanding" dues amounting to Rs 1,045.88 crore, the jewellery firm said in a regulatory filing. The bank has demanded Rs 645.12 crore from Gitanjali Gems, Rs 187.52 from Gili India, Rs 110 from Nakshatra Brands, and Rs 103.24 crore from Asmi Jewellery. Investigating agencies, including Enforcement Directorate, Central Bureau of Investigation and Income Tax Department, has launched a nationwide probe into the alleged fraud. According to Enforcement Directorate, assets worth Rs 5716 Crore have been seized in the raids till now. 39 raids were conducted yesterday, out of which 10 were in Mumbai.

PNB fraud: CBI court sends 3 accused PNB officials to police custody

The government must get a free hand <a href="http://www.wionews.com/india-news/post-scam-pnb-transfers-nearly-18000-employees-after-cvc-rap-33622">to probe the over Rs 11,000 crore </a>PNB fraud case, allegedly involving billionaire jeweller Nirav Modi, the Supreme Court said today.

 
The top court said it would step in only when agencies fail to carry out the investigation properly.

 
The Centre, represented by Attorney General K K Venugopal, vehemently opposed a PIL, seeking an independent probe and deportation of Nirav Modi, before a bench headed by Chief Justice Dipak Misra saying &quot;the inquiry has started and the FIRs have been registered&quot;.

 
&quot;If the government does not do things that are required, then you (petitioner) can come. It is not that the government agencies are not acting,&quot; the bench, also comprising Justices A M Khanwilkar and D Y Chandrachud, said, adding that the government must have &quot;a free hand&quot; to probe the scam.

 
Lawyer Vineet Dhanda, who has filed the PIL, said that either notice be issued or a status report called from the Centre as &quot;the whole country was watching that the government had not done anything&quot; in the past in a similar case relating to Vijay Mallya.

 
&quot;Speeches have no impact on the court. We will hear the legal issue and not the emotional aspect,&quot; the bench said, adding &quot;this is not the way you argue a petition. The purpose is to gain publicity.&quot;

 
The court took serious note of the intervention by Dhanda when Venugopal was putting forth the stand of the Centre, and said &quot;I cannot say that anywhere in the world the Attorney General is stopped like this&quot;.

 
&quot;These are publicity-oriented litigations,&quot; the bench said, adding that the petitioner lawyer was &quot;playing to the gallery&quot;.

 
The bench then fixed the PIL for hearing on March 16, saying &quot;we are not saying anything today&quot;.

 
The top court also said it would hear the objections of the Attorney General to the petition on the next date.

 
The PIL has made Punjab National Bank, Reserve Bank of India and the ministries of finance and law and justice as parties. It has sought a direction for initiation of deportation proceedings against Nirav Modi and others allegedly involved in the banking fraud, preferably within two months.

 
It has asked for a special investigation team (SIT) to probe the banking fraud, allegedly involving billionaire jewellers Nirav Modi and Mehul Choksi and also sought a probe into the role of the top management of the Punjab National Bank (PNB).

 
The CBI has already registered two FIRs -- one on January 31 and another a few days ago -- against Nirav Modi, his relative Mehul Choksi of Gitanjali Gems and others for allegedly defrauding the PNB of about Rs 11,400 crore. 
The plea has sought a direction to the finance ministry to frame guidelines on the grant and disbursal of loans involving big amounts, besides ensuring safety and recovery of such loans.

 
It has also sought the setting up of an experts&#39; body to deal with cases of bad banking debts in the country. Besides, the petition seeks framing of rules for the recovery of loans from the defaulters within a stipulated period, even by attaching their properties and auctioning them in the open market.

 
In his PIL, Dhanda has asked for a direction to fasten liabilities on the employees of a bank for sanctioning loans on the basis of deficient documents and said loans should also be recovered by attaching the properties of such bank officials even after their retirement.

 
Another plea filed by Sharma on a similar issue has not come up for hearing yet.

 
Sharma, in his plea, has said the SIT should consist of retired judges of the apex court and said that the banking fraud has caused serious injury to the general public and the state&#39;s treasury. It should be investigated not by an agency &quot;being controlled by the political leaders/authorities&quot;, he has said.

 
The plea has alleged that loans were issued in the case without following RBI&#39;s financial rules and regular systems.

The top court said it would step in only when agencies fail to carry out the investigation properly.

The government must get a free hand to probe the over Rs 11,000 crore PNB fraud case, allegedly involving billionaire jeweller Nirav Modi, the Supreme Court said today. The top court said it would step in only when agencies fail to carry out the investigation properly. The Centre, represented by Attorney General K K Venugopal, vehemently opposed a PIL, seeking an independent probe and deportation of Nirav Modi, before a bench headed by Chief Justice Dipak Misra saying "the inquiry has started and the FIRs have been registered". "If the government does not do things that are required, then you (petitioner) can come. It is not that the government agencies are not acting," the bench, also comprising Justices A M Khanwilkar and D Y Chandrachud, said, adding that the government must have "a free hand" to probe the scam. Lawyer Vineet Dhanda, who has filed the PIL, said that either notice be issued or a status report called from the Centre as "the whole country was watching that the government had not done anything" in the past in a similar case relating to Vijay Mallya. "Speeches have no impact on the court. We will hear the legal issue and not the emotional aspect," the bench said, adding "this is not the way you argue a petition. The purpose is to gain publicity." The court took serious note of the intervention by Dhanda when Venugopal was putting forth the stand of the Centre, and said "I cannot say that anywhere in the world the Attorney General is stopped like this". "These are publicity-oriented litigations," the bench said, adding that the petitioner lawyer was "playing to the gallery". The bench then fixed the PIL for hearing on March 16, saying "we are not saying anything today". The top court also said it would hear the objections of the Attorney General to the petition on the next date. The PIL has made Punjab National Bank, Reserve Bank of India and the ministries of finance and law and justice as parties. It has sought a direction for initiation of deportation proceedings against Nirav Modi and others allegedly involved in the banking fraud, preferably within two months. It has asked for a special investigation team (SIT) to probe the banking fraud, allegedly involving billionaire jewellers Nirav Modi and Mehul Choksi and also sought a probe into the role of the top management of the Punjab National Bank (PNB). The CBI has already registered two FIRs -- one on January 31 and another a few days ago -- against Nirav Modi, his relative Mehul Choksi of Gitanjali Gems and others for allegedly defrauding the PNB of about Rs 11,400 crore. The plea has sought a direction to the finance ministry to frame guidelines on the grant and disbursal of loans involving big amounts, besides ensuring safety and recovery of such loans. It has also sought the setting up of an experts' body to deal with cases of bad banking debts in the country. Besides, the petition seeks framing of rules for the recovery of loans from the defaulters within a stipulated period, even by attaching their properties and auctioning them in the open market. In his PIL, Dhanda has asked for a direction to fasten liabilities on the employees of a bank for sanctioning loans on the basis of deficient documents and said loans should also be recovered by attaching the properties of such bank officials even after their retirement. Another plea filed by Sharma on a similar issue has not come up for hearing yet. Sharma, in his plea, has said the SIT should consist of retired judges of the apex court and said that the banking fraud has caused serious injury to the general public and the state's treasury. It should be investigated not by an agency "being controlled by the political leaders/authorities", he has said. The plea has alleged that loans were issued in the case without following RBI's financial rules and regular systems.

Government must get free hand to probe PNB fraud: Supreme Court

In its ongoing investigation into the PNB 1.77 billion dollar fraud, the CBI today made a host of arrests of officials from the Gitanjali Group and Firestar International Group.

Vipul Ambani, President of Finance, Firestar International group; Arjun Patil, Senior Executive, Firestar group; Kapil Khandelwal, CFO, Nakshatra group and Gitanjali group; Niten Shahi, Manager, Gitanjali group and Kavita Mankikar, Authorised Signatory of three accused firms were the ones who were arrested today.&nbsp;

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CBI arrested Vipul Ambani, President, Finance,Firestar International/diamonds group,Kavita Mankikar, Authorised Signatory of 3 accused firms,Arjun Patil, Sr. Executive, Firestar group, Kapil Khandelwal, CFO, Nakshatra group &amp;Niten Shahi, Manager, Gitanjali
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/965969343476584448?ref_src=twsrc%5Etfw">February 20, 2018</a></blockquote>
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Besides this, three officers at PNB&#39;s MCB Brady House branch, who were arrested yesterday, were sent to police custody today until March 3.

As many as ten PNB officials, including present Executive Director level officers, were quizzed by the CBI earlier today. Eight executives from Nirav Modi&#39;s company and ten from the Gitanjali Group were also questioned.

The Income Tax Department also searched at least twenty premises of the Gitanjali Group related to 13 companies. Searches were carried out in Mumbai, Pune, Surat, Hyderabad and Banglore. A CBI search is underway at Nirav Modi&#39;s Alibagh farm.&nbsp;

Three officers at PNB's MCB Brady House branch, who were arrested yesterday, were sent to police custody today

In its ongoing investigation into the PNB 1.77 billion dollar fraud, the CBI today made a host of arrests of officials from the Gitanjali Group and Firestar International Group. Vipul Ambani, President of Finance, Firestar International group; Arjun Patil, Senior Executive, Firestar group; Kapil Khandelwal, CFO, Nakshatra group and Gitanjali group; Niten Shahi, Manager, Gitanjali group and Kavita Mankikar, Authorised Signatory of three accused firms were the ones who were arrested today. CBI arrested Vipul Ambani, President, Finance,Firestar International/diamonds group,Kavita Mankikar, Authorised Signatory of 3 accused firms,Arjun Patil, Sr. Executive, Firestar group, Kapil Khandelwal, CFO, Nakshatra group &Niten Shahi, Manager, Gitanjali — ANI (@ANI) February 20, 2018 × Besides this, three officers at PNB's MCB Brady House branch, who were arrested yesterday, were sent to police custody today until March 3. As many as ten PNB officials, including present Executive Director level officers, were quizzed by the CBI earlier today. Eight executives from Nirav Modi's company and ten from the Gitanjali Group were also questioned. The Income Tax Department also searched at least twenty premises of the Gitanjali Group related to 13 companies. Searches were carried out in Mumbai, Pune, Surat, Hyderabad and Banglore. A CBI search is underway at Nirav Modi's Alibagh farm.

PNB scam: CBI tightens noose, arrests Vipul Ambani and 4 others

The CBI has refused to share details of expenses incurred to bring back to India fugitive businessmen Lalit Modi and <a href="http://www.wionews.com/india-news/vijay-mallyas-weekly-living-allowance-increased-from-rs-45-lakh-to-16-lakh-32800">Vijay Mallya</a>, claiming immunity from disclosures under the RTI Act.

Pune-based activist Vihar Dhurve had approached the agency seeking details of expenses incurred by the government to bring back Mallya, wanted in India on charges of Rs 9,000-crore fraud and Modi, who is facing a money laundering probe.

Both Modi and Mallya have denied allegations of wrongdoings.

Mallya had fled the country in March, 2016 after the CBI diluted its lookout circular against him.

The agency has sent its team multiple times to London to pursue an extradition case against the embattled liquor tycoon.

The RTI application was forwarded to the CBI by the Finance Ministry. The agency transferred it to the Special Investigation Team looking after these cases.

In its response to the RTI plea, the CBI said it is exempt from making any disclosures under the RTI Act through a government notification of 2011.

According to Section 24 of the RTI Act, a few organisations are exempt under the transparency law.

However, the Delhi High Court had earlier underlined that organisations listed under Section 24 cannot claim exemption from disclosure if the information pertains to &quot;allegations of corruption and human rights violations&quot;.

The investigating agency claimed immunity from disclosures under the RTI Act

The CBI has refused to share details of expenses incurred to bring back to India fugitive businessmen Lalit Modi and Vijay Mallya, claiming immunity from disclosures under the RTI Act. Pune-based activist Vihar Dhurve had approached the agency seeking details of expenses incurred by the government to bring back Mallya, wanted in India on charges of Rs 9,000-crore fraud and Modi, who is facing a money laundering probe. Both Modi and Mallya have denied allegations of wrongdoings. Mallya had fled the country in March, 2016 after the CBI diluted its lookout circular against him. The agency has sent its team multiple times to London to pursue an extradition case against the embattled liquor tycoon. The RTI application was forwarded to the CBI by the Finance Ministry. The agency transferred it to the Special Investigation Team looking after these cases. In its response to the RTI plea, the CBI said it is exempt from making any disclosures under the RTI Act through a government notification of 2011. According to Section 24 of the RTI Act, a few organisations are exempt under the transparency law. However, the Delhi High Court had earlier underlined that organisations listed under Section 24 cannot claim exemption from disclosure if the information pertains to "allegations of corruption and human rights violations".

CBI refuses to disclose expenses incurred in trying to bring back Vijay Mallya, Lalit Modi

Throwing up his hands, beleaguered businessman Nirav Modi, the alleged kingpin of the largest banking scam in the country&#39;s history, has said PNB&#39;s &quot;overzealousness&quot; shut the doors on his ability to clear the dues.

He also said the dues were much less than what the bank has claimed, and that his relatives booked in the cases filed by the central agencies had nothing to do with the operations of the firms under their scanner.

<a href="http://www.wionews.com/india-news/full-text-of-nirav-modis-letter-to-pnb-33448">In a letter</a> Modi wrote on February 15/16 to the Punjab National Bank management, he pegged the money his companies owe to the bank under Rs 5,000 crore.

&quot;The erroneously cited liability resulted in a media frenzy which led to immediate search and seizure of operations, and which in turn resulted in Firestar International and Firestar Diamond International effectively ceasing to be going-concerns.

Also read: <a href="http://www.wionews.com/india-news/pnb-scam-7-more-properties-of-gitanjali-group-attached-3-pnb-officials-arrested-33408">7 more properties of Gitanjali Group attached, 3 PNB officials arrested&nbsp;</a>

&quot;This thereby jeopardised our ability to discharge the dues of the group to the banks,&quot; Modi, who left the country along with his family in the first week of January, before the alleged scam became public, wrote in the letter.

&quot;In the anxiety to recover your dues immediately, despite my offer (on February 13, a day before the public announcement, and on 15) your actions have destroyed my brand and the business and have now restricted your ability to recover all the dues leaving a trail of unpaid debts,&quot; he said.

Also read:<a href="http://www.wionews.com/india-news/pnb-scam-top-gitanjali-gems-officials-quit-33382"> Amid nationwide raids, top Gitanjali Gems officials quit&nbsp;</a>

The letter also refers to the extended discussions between him, and&nbsp;his representatives and the bank officers, besides his emails of February 13 and 15, 2018.

The PNB, the second largest state-run bank, had, on February 14, informed the exchanges about detecting US $1.77 billion fraud at its Brady House branch in Mumbai, and named the firms led by Modi and his uncle Mehul Choksi&#39;s Gitanjali Group, and some other diamond and jewellery merchants as suspects.

Also read:<a href="http://www.wionews.com/india-news/pnb-scam-investigations-at-mumbai-branch-continue-ed-probes-former-allahabad-bank-director-33371"> Investigations at Mumbai branch continue, ED probes former Allahabad Bank director</a>

Central government agencies - the CBI and the Enforcement Directorate - have registered cases on the complaint by the bank, and launched nationwide searches on dozens of offices and residences of the alleged fraudsters. The bank has named Modi&#39;s brother, his American wife Ami, and uncle Choksi besides some others in the FIR.

On the over Rs 11,000-crore loss claimed by the PNB in the FIR, Modi said, &quot;As you are aware, this is entirely incorrect and the liability of the Nirav Modi Group is substantially less. Even after your complaint was filed, in good faith I wrote to you saying please sell/allow me to sell Firestar Group, or their valuable assets, and recover the dues not just from Firestar Group, but also from the three firms.&quot;

Valuing his domestic business at around Rs 6,500 crore, he said, &quot;This could have helped reduce/discharge the debt to the banking system,&quot; but added that this is not possible as all his bank accounts have been frozen and assets sealed or seized.

He went on to state that PNB had time and again acknowledged that the buyers credit facility has been extended by it to the three partnership firms for several years, and that there has been no default on the part of any of these firms over all these years. He said that money went through PNB all these years for the repayments of the advances given by the overseas bank branches under the buyers credit.

&quot;That Firestar International and Firestar Diamond International have never been in default to any bank, and the bankers are fully secured&quot;. He also said that PNB has over the years been earning bank charges to the tune of crores of rupees on the buyers credit facility extended by PNB to the three partnership firms and that PNB has extended the money to the firm&#39;s buyers as well from where also it has been receiving full payments, with interest and on time all these years.

On the valuables that CBI/ED searches yielded Rs 5,649 crore, he said, &quot;These, and other assets of the group and the three firms could have settled all the amounts due to banks. However, now that stage appears to have passed.&quot;

He concluded by requesting the bank to &quot;be fair, and support my efforts to make good all the amounts that are found due by my group to all banks.&quot;

Owning up everything, he said the bank has wrongly named his brother, who is not at all concerned with the operations of the three firms or other companies. &quot;My wife is not connected with any business operations at all and she has been wrongly named. My uncle is also wrongly named in this complaint since he has an independent and unconnected business and none of them are aware or concerned with my dealings with your bank.&quot;

&quot;Whatever may be the consequences I may face for my actions, the haste was, in my humble submission, unwarranted,&quot; Modi concluded and requested the bank to permit him to pay the salaries to 2,200 employees from the balance lying in the current accounts of his firms.&nbsp;

In a letter Modi wrote to the bank, he added that his dues were smaller than what the bank has claimed

Throwing up his hands, beleaguered businessman Nirav Modi, the alleged kingpin of the largest banking scam in the country's history, has said PNB's "overzealousness" shut the doors on his ability to clear the dues. He also said the dues were much less than what the bank has claimed, and that his relatives booked in the cases filed by the central agencies had nothing to do with the operations of the firms under their scanner. In a letter Modi wrote on February 15/16 to the Punjab National Bank management, he pegged the money his companies owe to the bank under Rs 5,000 crore. "The erroneously cited liability resulted in a media frenzy which led to immediate search and seizure of operations, and which in turn resulted in Firestar International and Firestar Diamond International effectively ceasing to be going-concerns. Also read: 7 more properties of Gitanjali Group attached, 3 PNB officials arrested "This thereby jeopardised our ability to discharge the dues of the group to the banks," Modi, who left the country along with his family in the first week of January, before the alleged scam became public, wrote in the letter. "In the anxiety to recover your dues immediately, despite my offer (on February 13, a day before the public announcement, and on 15) your actions have destroyed my brand and the business and have now restricted your ability to recover all the dues leaving a trail of unpaid debts," he said. Also read: Amid nationwide raids, top Gitanjali Gems officials quit The letter also refers to the extended discussions between him, and his representatives and the bank officers, besides his emails of February 13 and 15, 2018. The PNB, the second largest state-run bank, had, on February 14, informed the exchanges about detecting US $1.77 billion fraud at its Brady House branch in Mumbai, and named the firms led by Modi and his uncle Mehul Choksi's Gitanjali Group, and some other diamond and jewellery merchants as suspects. Also read: Investigations at Mumbai branch continue, ED probes former Allahabad Bank director Central government agencies - the CBI and the Enforcement Directorate - have registered cases on the complaint by the bank, and launched nationwide searches on dozens of offices and residences of the alleged fraudsters. The bank has named Modi's brother, his American wife Ami, and uncle Choksi besides some others in the FIR. On the over Rs 11,000-crore loss claimed by the PNB in the FIR, Modi said, "As you are aware, this is entirely incorrect and the liability of the Nirav Modi Group is substantially less. Even after your complaint was filed, in good faith I wrote to you saying please sell/allow me to sell Firestar Group, or their valuable assets, and recover the dues not just from Firestar Group, but also from the three firms." Valuing his domestic business at around Rs 6,500 crore, he said, "This could have helped reduce/discharge the debt to the banking system," but added that this is not possible as all his bank accounts have been frozen and assets sealed or seized. He went on to state that PNB had time and again acknowledged that the buyers credit facility has been extended by it to the three partnership firms for several years, and that there has been no default on the part of any of these firms over all these years. He said that money went through PNB all these years for the repayments of the advances given by the overseas bank branches under the buyers credit. "That Firestar International and Firestar Diamond International have never been in default to any bank, and the bankers are fully secured". He also said that PNB has over the years been earning bank charges to the tune of crores of rupees on the buyers credit facility extended by PNB to the three partnership firms and that PNB has extended the money to the firm's buyers as well from where also it has been receiving full payments, with interest and on time all these years. On the valuables that CBI/ED searches yielded Rs 5,649 crore, he said, "These, and other assets of the group and the three firms could have settled all the amounts due to banks. However, now that stage appears to have passed." He concluded by requesting the bank to "be fair, and support my efforts to make good all the amounts that are found due by my group to all banks." Owning up everything, he said the bank has wrongly named his brother, who is not at all concerned with the operations of the three firms or other companies. "My wife is not connected with any business operations at all and she has been wrongly named. My uncle is also wrongly named in this complaint since he has an independent and unconnected business and none of them are aware or concerned with my dealings with your bank." "Whatever may be the consequences I may face for my actions, the haste was, in my humble submission, unwarranted," Modi concluded and requested the bank to permit him to pay the salaries to 2,200 employees from the balance lying in the current accounts of his firms.

PNB's 'overzealousness' shut door on ability to clear dues: Nirav Modi

My son has been framed by the Punjab National Bank in the Nirav Modi fraud case, said Hanumant Kharat, father of Manoj Kharat.

Single Window Operator Manoj and Gokulnath Shetty, a former Deputy Manager at the Punjab National Bank (PNB), have been arrested by the Central Bureau of Investigation (CBI) for helping Modi conduct fraudulent transactions of over 11,000 crores.

Talking to ANI, Hanumant said, &quot;The entire banking system is faulty. My son has been framed by the bank (PNB).&quot;

He further questioned that how could an employee,&nbsp;whose authority is to deal with an amount not more than Rs 25000, commit fraud worth crores of rupees.

&quot;What is my son&#39;s authority and post? They have done grave injustice to my son. The power of a clerk is only to deal with amount of Rs. 20000-25000. What is the salary of my son? His starting salary was Rs 17000 and after 2.5 years, his salary is Rs&nbsp; 23000. How could the bank entrust responsibility of crores of rupees on him?&quot; Hanumant wondered.

He added: &quot;It seems that the higher authorities must have been committing wrong deeds through such junior new employees, who do not know anything.&quot;

According to the CBI, Gokulnath Shetty and Manoj had issued eight letters of understanding (LOU) worth over Rs. 280 crore to Nirav Modi&#39;s company just three months before Shetty retired in May. The LOUs were issued in February. The due date mentioned was January 2018.

The PNB has lodged two financial fraud complaints of Rs. 11400 crore and Rs 280 crore against famous designer jeweler Nirav Modi, his family members and Mehul Choksi, the owner of Gitanjali Gems.

The CBI filed a formal case charging four- Nirav Modi, his wife Ami, brother Nishal and Mehul Choksi- on January 31 over Rs. 280 crore fraud.

The Enforcement Directorate has conducted raids in many cities at various properties belonging to Nirav Modi and Mehul Choksi.&nbsp;

Single Window Operator Manoj Kharat and Gokulnath Shetty, a former Deputy Manager at the Punjab National Bank (PNB), have been arrested by the Central Bureau of Investigation

My son has been framed by the Punjab National Bank in the Nirav Modi fraud case, said Hanumant Kharat, father of Manoj Kharat. Single Window Operator Manoj and Gokulnath Shetty, a former Deputy Manager at the Punjab National Bank (PNB), have been arrested by the Central Bureau of Investigation (CBI) for helping Modi conduct fraudulent transactions of over 11,000 crores. Talking to ANI, Hanumant said, "The entire banking system is faulty. My son has been framed by the bank (PNB)." He further questioned that how could an employee, whose authority is to deal with an amount not more than Rs 25000, commit fraud worth crores of rupees. "What is my son's authority and post? They have done grave injustice to my son. The power of a clerk is only to deal with amount of Rs. 20000-25000. What is the salary of my son? His starting salary was Rs 17000 and after 2.5 years, his salary is Rs 23000. How could the bank entrust responsibility of crores of rupees on him?" Hanumant wondered. He added: "It seems that the higher authorities must have been committing wrong deeds through such junior new employees, who do not know anything." According to the CBI, Gokulnath Shetty and Manoj had issued eight letters of understanding (LOU) worth over Rs. 280 crore to Nirav Modi's company just three months before Shetty retired in May. The LOUs were issued in February. The due date mentioned was January 2018. The PNB has lodged two financial fraud complaints of Rs. 11400 crore and Rs 280 crore against famous designer jeweler Nirav Modi, his family members and Mehul Choksi, the owner of Gitanjali Gems. The CBI filed a formal case charging four- Nirav Modi, his wife Ami, brother Nishal and Mehul Choksi- on January 31 over Rs. 280 crore fraud. The Enforcement Directorate has conducted raids in many cities at various properties belonging to Nirav Modi and Mehul Choksi.

Son had authority to deal with Rs 25,000, couldn't have committed PNB fraud worth crores: Accused's father

The Central <a href="http://www.wionews.com/india-news/case-of-loan-default-not-fraud-vikram-kotharis-lawyer-33359">Bureau of Investigation(CBI) has</a> registered a case against Rotomac directors alleging that the conspirators cheated seven banks by syphoning off bank loans worth Rs 2,919 crore.

CBI has registered a case against Rotomac directors - Vikram Kothari, Sadhana Kothari, Rahul Kothari, including unknown bank officials after a complaint from Bank of Baroda.

CBI is currently conducting searches at three places in Kanpur and has questioned all three accused directors: Vikram Kothari, Sadhana Kothari and Rahul Kothari.&nbsp;

CBI has also sealed&nbsp;residential premises and an office of Rotomac directors in New Delhi.&nbsp;

In the complaint, the CBI claimed the total outstanding amount along with interest liabilities for Rotomac is Rs. 3,695 crore.

The CBI named the banks which have been affected due to scam, which include: Bank of India, Bank of Baroda, Bank of Maharashtra, Indian Overseas Bank, Union Bank of India, Allahabad Bank and Oriental Bank of Commerce.

According to the CBI officials, the company allegedly used two modus operandi for siphoning off the loans secured from consortium of banks from 2008 onwards. 
Credit sanctioned and loan disbursed to the company was utilised for the purposes, other than executing export orders.

The CBI alleged that the credit sanctioned for a particular export order was diverted to a different offshore company and later the money was remitted back into the Kanpur-based company without executing an export order.

In other cases, money disbursed by the banks for procurement of goods for export was not utilised and no export order was executed ever. This is misappropriation of the fund, criminal breach of trust and violation of FEMA guidelines, the officials said.

Most of the transaction of this companies is with limited number of buyers, sellers sister companies and subsidiary of this company.

On Monday, the CBI had conducted raids on the properties of Rotomac Pens&#39; owner Vikram Kothari at his home in Kanpur.

The CBI questioned Kothari, his wife and their son.&nbsp;

On Sunday, there were reports that Kothari was allegedly &quot;missing&quot; from Kanpur. Reports had indicated that Kothari had taken a loan worth Rs. 352 crore from the Kanpur branch of Allahabad Bank and Rs. 485 crore from three other banks, namely Bank of Baroda, Indian Overseas Bank, and Union Bank of India.

On Monday, the CBI had conducted raids on the properties of Rotomac Pens' owner Vikram Kothari at his home in Kanpur.

The Central Bureau of Investigation(CBI) has registered a case against Rotomac directors alleging that the conspirators cheated seven banks by syphoning off bank loans worth Rs 2,919 crore. CBI has registered a case against Rotomac directors - Vikram Kothari, Sadhana Kothari, Rahul Kothari, including unknown bank officials after a complaint from Bank of Baroda. CBI is currently conducting searches at three places in Kanpur and has questioned all three accused directors: Vikram Kothari, Sadhana Kothari and Rahul Kothari. CBI has also sealed residential premises and an office of Rotomac directors in New Delhi. In the complaint, the CBI claimed the total outstanding amount along with interest liabilities for Rotomac is Rs. 3,695 crore. The CBI named the banks which have been affected due to scam, which include: Bank of India, Bank of Baroda, Bank of Maharashtra, Indian Overseas Bank, Union Bank of India, Allahabad Bank and Oriental Bank of Commerce. According to the CBI officials, the company allegedly used two modus operandi for siphoning off the loans secured from consortium of banks from 2008 onwards. Credit sanctioned and loan disbursed to the company was utilised for the purposes, other than executing export orders. The CBI alleged that the credit sanctioned for a particular export order was diverted to a different offshore company and later the money was remitted back into the Kanpur-based company without executing an export order. In other cases, money disbursed by the banks for procurement of goods for export was not utilised and no export order was executed ever. This is misappropriation of the fund, criminal breach of trust and violation of FEMA guidelines, the officials said. Most of the transaction of this companies is with limited number of buyers, sellers sister companies and subsidiary of this company. On Monday, the CBI had conducted raids on the properties of Rotomac Pens' owner Vikram Kothari at his home in Kanpur. The CBI questioned Kothari, his wife and their son. On Sunday, there were reports that Kothari was allegedly "missing" from Kanpur. Reports had indicated that Kothari had taken a loan worth Rs. 352 crore from the Kanpur branch of Allahabad Bank and Rs. 485 crore from three other banks, namely Bank of Baroda, Indian Overseas Bank, and Union Bank of India.

CBI registers case against Rotomac directors for cheating seven banks

Advocate Vijay Aggarwal to be the lawyer of jeweler Nirav Modi accused of PNB scam.

Vijay Aggarwal has represented a number of high-profile accused in 2G spectrum allocation case.

He has represented Swan telecom promoters Shahid Usman Balwa, Vinod Goenka and other associated with them in the 2G scam.

In 2013 Vijay Aggarwal was expelled from the New Delhi Bar Association and his chamber at Patiala House Court complex for his alleged abusive behavior.

He allegedly threatened another lawyer and called bouncers in the court premises.

He was also slapped with a show-cause notice by the bar council in 2011 for indulging in the two professions -chartered accountancy and advocacy- simultaneously.

CBI is currently questioning Nirav Modi&#39;s chief financial officer <a href="http://www.wionews.com/india-news/pnb-scam-cbi-interrogates-nirav-modis-chief-financial-officer-vipul-ambani-33319">Vipul Ambani</a> in connection with the 11:400 crore scam in their headquarters.

Also read: <a href="http://www.wionews.com/india-news/pnb-scam-same-person-sent-requests-for-bank-guarantees-approved-them-33322">Same</a><a href="http://www.wionews.com/india-news/pnb-scam-same-person-sent-requests-for-bank-guarantees-approved-them-33322"> person sent requests for bank guarantees, approved them in PNB scam</a>

Absconded Nirav Modi&nbsp;carried out fraud transactions by acquiring&nbsp;fake letters of undertaking from Punjab National Bank as a proof to other banks to extract money from them.

Last week Punjab National Bank announced that it had discovered fraudulent transactions worth Rs 11,400 crore at<a href="http://www.wionews.com/india-news/pnb-scam-cbi-seal-banks-mcb-brady-house-branch-in-mumbai-33320"> MCB Brady House branch now sealed</a> by CBI in Mumbai.&nbsp;

Vijay Aggarwal has represented Swan telecom promoters Shahid Usman Balwa, Vinod Goenka and other associated with them in the 2G scam

Advocate Vijay Aggarwal to be the lawyer of jeweler Nirav Modi accused of PNB scam. Vijay Aggarwal has represented a number of high-profile accused in 2G spectrum allocation case. He has represented Swan telecom promoters Shahid Usman Balwa, Vinod Goenka and other associated with them in the 2G scam. In 2013 Vijay Aggarwal was expelled from the New Delhi Bar Association and his chamber at Patiala House Court complex for his alleged abusive behavior. He allegedly threatened another lawyer and called bouncers in the court premises. He was also slapped with a show-cause notice by the bar council in 2011 for indulging in the two professions -chartered accountancy and advocacy- simultaneously. CBI is currently questioning Nirav Modi's chief financial officer Vipul Ambani in connection with the 11:400 crore scam in their headquarters. Also read: Same person sent requests for bank guarantees, approved them in PNB scam Absconded Nirav Modi carried out fraud transactions by acquiring fake letters of undertaking from Punjab National Bank as a proof to other banks to extract money from them. Last week Punjab National Bank announced that it had discovered fraudulent transactions worth Rs 11,400 crore at MCB Brady House branch now sealed by CBI in Mumbai.

PNB scam: Vijay Aggarwal of 2G spectrum fame to be Nirav Modi's lawyer

The Central Bureau of Investigation (CBI) sealed Punjab National Bank&#39;s MCB Brady House branch in Mumbai on Monday.

The official notice of the CBI read, &#39;Tthe branch cannot be opened and entered into without permission/order of the court concerned or Competent Authority of the Central Bureau of Investigation Mumbai.&#39;&#39;

MCB Brady house is the same branch where transactions related to PNB scam were carried out.

Also read:&nbsp; <a href="http://www.wionews.com/india-news/pnb-scam-billion-dollar-diamond-fraud-case-puts-indias-state-banks-in-focus-33285">Billion dollar diamond fraud case puts India&#39;s state banks in focus</a>

Last week, Punjab National Bank announced that it had discovered fraudulent transactions worth Rs 11,400 crore at MCB Brady House branch in Mumbai.

&nbsp;Also read: <a href="http://www.wionews.com/india-news/pnb-fraud-200-shell-firms-benami-assets-under-ed-i-t-dept-scanner-33269">200 shell firms, </a><a href="http://www.wionews.com/india-news/pnb-fraud-200-shell-firms-benami-assets-under-ed-i-t-dept-scanner-33269">benami</a><a href="http://www.wionews.com/india-news/pnb-fraud-200-shell-firms-benami-assets-under-ed-i-t-dept-scanner-33269"> assets under ED, I-T dept scanner</a>

Nirav Modi who has now fled the country carried out these fraud transactions by using fake bank guarantees as a proof to other banks to extract money from them.

The Enforcement Directorate (ED) is conducting a search operation and raided many showrooms across the country. Diamonds, gold, gems, jewellery, metal worth of crores has also been seized.

CBI arrested three officials of the PNB bank in connection with the scam.

Former deputy manager of Punjab National Bank, Gokulnath Shetty and Manoj Kharat, single window operator at PNB and Hemant Bhat, Authorised Signatory of the Nirav Modi Group of Firms were arrested on Saturday. 
&nbsp;

The official notice of the CBI read, 'Tthe branch cannot be opened and entered into without permission/order of the court concerned or Competent Authority of the Central Bureau of Investigation Mumbai'

The Central Bureau of Investigation (CBI) sealed Punjab National Bank's MCB Brady House branch in Mumbai on Monday. The official notice of the CBI read, 'Tthe branch cannot be opened and entered into without permission/order of the court concerned or Competent Authority of the Central Bureau of Investigation Mumbai.'' MCB Brady house is the same branch where transactions related to PNB scam were carried out. Also read: Billion dollar diamond fraud case puts India's state banks in focus Last week, Punjab National Bank announced that it had discovered fraudulent transactions worth Rs 11,400 crore at MCB Brady House branch in Mumbai. Also read: 200 shell firms, benami assets under ED, I-T dept scanner Nirav Modi who has now fled the country carried out these fraud transactions by using fake bank guarantees as a proof to other banks to extract money from them. The Enforcement Directorate (ED) is conducting a search operation and raided many showrooms across the country. Diamonds, gold, gems, jewellery, metal worth of crores has also been seized. CBI arrested three officials of the PNB bank in connection with the scam. Former deputy manager of Punjab National Bank, Gokulnath Shetty and Manoj Kharat, single window operator at PNB and Hemant Bhat, Authorised Signatory of the Nirav Modi Group of Firms were arrested on Saturday.

PNB scam: CBI seals bank's Brady House branch in Mumbai

The Central Bureau of Investigation (CBI) Monday grilled absconding diamond magnate Nirav Modi&#39;s chief financial officer Vipul Ambani in connection with the Rs 11,400 crore scam.&nbsp;

The CBI had called Vipul to headquarters with all the related documents.&nbsp; 
&nbsp; 
Vipul is the son of Dhirubhai&#39;s younger brother Natubhai Ambani.

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<a href="https://twitter.com/hashtag/NiravModi?src=hash&amp;ref_src=twsrc%5Etfw">#NiravModi</a>&#39;s Chief Financial Officer Vipul Ambani appeared before CBI in <a href="https://twitter.com/hashtag/Mumbai?src=hash&amp;ref_src=twsrc%5Etfw">#Mumbai</a> for questioning in connection with <a href="https://twitter.com/hashtag/PNBFraudCase?src=hash&amp;ref_src=twsrc%5Etfw">#PNBFraudCase</a> yesterday <a href="https://t.co/GUNapOqnV7">pic.twitter.com/GUNapOqnV7</a>
&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/965424144690106368?ref_src=twsrc%5Etfw">February 19, 2018</a></blockquote>
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Earlier on Saturday, the CBI had arrested three people, including PNB&rsquo;s former deputy manager Gokulnath Shetty, the bank&rsquo;s single-window operator Manoj Kharat, and Hemant Bhat, authorised signatory for Nirav Modi&rsquo;s firms.&nbsp;

A special court remanded all the three accused to 14 days&rsquo; CBI custody.

According to the source, the accused were taking commission, which was a fixed percentage on every LoU, for unauthorised access and swift password to the Modi firms.&nbsp;

The investigative agency conducted searches at PNB&#39;s Brady House branch in Mumbai. The branch has been sealed today with no one allowed to enter the premises.&nbsp;

Nirav Modi allegedly acquired fraudulent letters of undertaking (LOU) from a PNB branch in Mumbai to secure overseas credit from other Indian lenders. 
&nbsp;

The CBI had called Ambani along with all related documents

The Central Bureau of Investigation (CBI) Monday grilled absconding diamond magnate Nirav Modi's chief financial officer Vipul Ambani in connection with the Rs 11,400 crore scam. The CBI had called Vipul to headquarters with all the related documents. Vipul is the son of Dhirubhai's younger brother Natubhai Ambani. #NiravModi's Chief Financial Officer Vipul Ambani appeared before CBI in #Mumbai for questioning in connection with #PNBFraudCase yesterday pic.twitter.com/GUNapOqnV7 — ANI (@ANI) February 19, 2018 × Earlier on Saturday, the CBI had arrested three people, including PNB’s former deputy manager Gokulnath Shetty, the bank’s single-window operator Manoj Kharat, and Hemant Bhat, authorised signatory for Nirav Modi’s firms. A special court remanded all the three accused to 14 days’ CBI custody. According to the source, the accused were taking commission, which was a fixed percentage on every LoU, for unauthorised access and swift password to the Modi firms. The investigative agency conducted searches at PNB's Brady House branch in Mumbai. The branch has been sealed today with no one allowed to enter the premises. Nirav Modi allegedly acquired fraudulent letters of undertaking (LOU) from a PNB branch in Mumbai to secure overseas credit from other Indian lenders.

PNB scam: CBI interrogates Nirav Modi CFO Vipul Ambani

Central investigation agencies today turned up the heat on embattled jewellery designer Nirav Modi in a huge bank fraud case, by seizing diamond and gold jewellery worth Rs 5,100 crore in nationwide searches and initiating the process for revoking his passport, officials said.&nbsp;

The CBI and the ED moved separate applications to the external affairs ministry seeking the revocation of passports of Modi and his maternal uncle Mehul Choksi, the promoter of Gitanjali jewellery chain, both accused in the 280-crore bank fraud case the officials said.&nbsp;

Also read: <a href="http://www.wionews.com/business-economy/punjab-national-bank-loses-rs-8000-crore-market-cap-in-2-days-six-times-its-annual-profit-32991" target="_blank">PNB loses Rs 8,000 crore market cap in 2 days, six times its annual profit</a>

Also read: <a href="http://www.wionews.com/india-news/pnb-scam-nirav-modi-left-india-on-january-1-say-officials-32966" target="_blank">Nirav Modi left India on January 1, ED asks for passport to be revoked</a>

Also read:&nbsp;<a href="http://www.wionews.com/india-news/scam-began-in-2011-bank-discovered-it-in-january-2018-pnb-md-32969" target="_blank">Scam began in 2011, bank discovered it in January 2018, says&nbsp;PNB MD</a>

Also read:&nbsp;<a href="http://www.wionews.com/india-news/who-is-nirav-modi-the-billionaire-jeweller-at-centre-of-rs-11000-crore-scam-32970" target="_blank">Who is Nirav Modi, the billionaire jeweller at centre of Rs 11,400 crore PNB scam</a>

The Central Bureau of Investigation (CBI) completed the analysis of computers seized from premises linked to him and was going through the two fresh complaints received from Punjab National Bank (PNB) on Tuesday that it had been defrauded of Rs 11,400 crore to decide its future course of action.&nbsp;

The day for companies and outlets owned or partnered by the 46-year-old diamond merchant, who has fled the country on January 1, began with the Enforcement Directorate (ED) carrying out searches at properties linked to him in Mumbai, Delhi and Gujarat and claiming to have seized gold and diamond jewellery and precious stones worth Rs 5,100 crore.

As many as 17 locations in Delhi, Mumbai, Hyderabad, Jaipur and Surat were raided by the ED after the agency filed a Rs 280-crore money laundering case against Modi, his wife Ami, brother Nishal and Choksi yesterday, following a complaint by the bank. ED officials, speaking on condition of anonymity, said five properties belonging to Modi and the other accused in Mumbai were sealed by the agency.&nbsp;

The ED has also written to the Income Tax department for sharing all documents seized by it during raids on January last year from premises linked to Modi and his associates.&nbsp;

The ED filed the case under the Prevention of Money Laundering Act (PMLA) after going through a CBI FIR registered on January 31. The agency also went through the PNB complaint that was made out against Nirav Modi and others.&nbsp;

The ED, they said, would probe if the allegedly defrauded bank funds were laundered and these proceeds of crime were subsequently used by the accused to create illegal assets and black money.&nbsp;

Modi, 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 bank to the tune of Rs 280 crore.&nbsp;

The bank has sent two more complaints to the CBI on Tuesday, saying the scam was worth more than Rs 11,400 crore.&nbsp;

In a related development, the CBI officials said Modi and other members of his family, who fled the country last month, allegedly made fraudulent transactions of over Rs 11,400 crore through 150 letters of understanding issued by the bank.&nbsp;

Modi, who holds an Indian passport, left India on January 1, while his brother Nishal, a Belgian citizen, also left the country on the same day.&nbsp;

However, whether they travelled together has to be probed, they said. Modi&#39;s wife Ami, a US citizen, left on January 6 and his uncle Choksi departed on January 4, the officials said.&nbsp;

The bank became suspicious only on January 16 when the accused companies &mdash; Diamond R US, Solar Exports and Stellar Diamonds (all accused in the CBI FIR) &mdash; approached it with import documents and a request to issue Letters of Understanding (LoUs) for raising buyers&#39; credit for making payments to the overseas suppliers.&nbsp;

The bank, however, could not find any past entries in the system, the FIR has alleged. It approached the CBI on January 29 with a complaint of Rs 280 crore fraud, officials said. Modi, who is believed to be in Switzerland, was also present in a group photograph of Indian CEOs with Prime Minister Narendra Modi, issued by the Press Information Bureau, during the World Economic Forum on January 23, six days before the bank sent its first complaint against him to the CBI, according to the officials.&nbsp;

The agency immediately swung into action registering an FIR on January 31 followed by searches at 20 locations in Mumbai and Surat and issued a lookout circular on February 4 against Nirav Modi and three absconding accused, they said.&nbsp;

A lookout circular is issued by enforcement agencies to all exit and entry ports to inform them about the movement of an accused. The question why the PNB did not send one complaint to the CBI and decided to give separately is also under the scanner of the agency, they said.&nbsp;

The agency is analysing the fresh complaints and will take a call whether to register fresh FIRs or expand the ambit of the existing FIR related to fraudulent transactions of worth Rs 280 crore, they said. In these cases, the bank has alleged that the LOUs were issued to Hong Kong-based branches of Allahabad Bank and Axis Bank, they said.

ED carrying out searches at properties linked to him in Mumbai, Delhi and Gujarat and claiming to have seized gold and diamond jewellery and precious stones worth Rs 5,100 crore

Central investigation agencies today turned up the heat on embattled jewellery designer Nirav Modi in a huge bank fraud case, by seizing diamond and gold jewellery worth Rs 5,100 crore in nationwide searches and initiating the process for revoking his passport, officials said. The CBI and the ED moved separate applications to the external affairs ministry seeking the revocation of passports of Modi and his maternal uncle Mehul Choksi, the promoter of Gitanjali jewellery chain, both accused in the 280-crore bank fraud case the officials said. Also read: PNB loses Rs 8,000 crore market cap in 2 days, six times its annual profit Also read: Nirav Modi left India on January 1, ED asks for passport to be revoked Also read: Scam began in 2011, bank discovered it in January 2018, says PNB MD Also read: Who is Nirav Modi, the billionaire jeweller at centre of Rs 11,400 crore PNB scam The Central Bureau of Investigation (CBI) completed the analysis of computers seized from premises linked to him and was going through the two fresh complaints received from Punjab National Bank (PNB) on Tuesday that it had been defrauded of Rs 11,400 crore to decide its future course of action. The day for companies and outlets owned or partnered by the 46-year-old diamond merchant, who has fled the country on January 1, began with the Enforcement Directorate (ED) carrying out searches at properties linked to him in Mumbai, Delhi and Gujarat and claiming to have seized gold and diamond jewellery and precious stones worth Rs 5,100 crore. As many as 17 locations in Delhi, Mumbai, Hyderabad, Jaipur and Surat were raided by the ED after the agency filed a Rs 280-crore money laundering case against Modi, his wife Ami, brother Nishal and Choksi yesterday, following a complaint by the bank. ED officials, speaking on condition of anonymity, said five properties belonging to Modi and the other accused in Mumbai were sealed by the agency. The ED has also written to the Income Tax department for sharing all documents seized by it during raids on January last year from premises linked to Modi and his associates. The ED filed the case under the Prevention of Money Laundering Act (PMLA) after going through a CBI FIR registered on January 31. The agency also went through the PNB complaint that was made out against Nirav Modi and others. The ED, they said, would probe if the allegedly defrauded bank funds were laundered and these proceeds of crime were subsequently used by the accused to create illegal assets and black money. Modi, 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 bank 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. In a related development, the CBI officials said Modi and other members of his family, who fled the country last month, allegedly made fraudulent transactions of over Rs 11,400 crore through 150 letters of understanding issued by the bank. Modi, who holds an Indian passport, left India on January 1, while his brother Nishal, a Belgian citizen, also left the country on the same day. However, whether they travelled together has to be probed, they said. Modi's wife Ami, a US citizen, left on January 6 and his uncle Choksi departed on January 4, the officials said. The bank became suspicious only on January 16 when the accused companies — Diamond R US, Solar Exports and Stellar Diamonds (all accused in the CBI FIR) — approached it with import documents and a request to issue Letters of Understanding (LoUs) for raising buyers' credit for making payments to the overseas suppliers. The bank, however, could not find any past entries in the system, the FIR has alleged. It approached the CBI on January 29 with a complaint of Rs 280 crore fraud, officials said. Modi, who is believed to be in Switzerland, was also present in a group photograph of Indian CEOs with Prime Minister Narendra Modi, issued by the Press Information Bureau, during the World Economic Forum on January 23, six days before the bank sent its first complaint against him to the CBI, according to the officials. The agency immediately swung into action registering an FIR on January 31 followed by searches at 20 locations in Mumbai and Surat and issued a lookout circular on February 4 against Nirav Modi and three absconding accused, they said. A lookout circular is issued by enforcement agencies to all exit and entry ports to inform them about the movement of an accused. The question why the PNB did not send one complaint to the CBI and decided to give separately is also under the scanner of the agency, they said. The agency is analysing the fresh complaints and will take a call whether to register fresh FIRs or expand the ambit of the existing FIR related to fraudulent transactions of worth Rs 280 crore, they said. In these cases, the bank has alleged that the LOUs were issued to Hong Kong-based branches of Allahabad Bank and Axis Bank, they said.

PNB scam: ED, CBI turn up heat on Nirav Modi; jewellery worth Rs 5,100 cr seized

The Supreme Court has sought CBI&#39;s response on a plea seeking the recall of its 1999 judgement that upheld the conviction of seven accused.

A two-member bench headed by Justice Ranjan Gogoi and Justice R&nbsp;Banumathi has asked the CBI to communicate its response to the plea.&nbsp;

The plea was filed by AG Perarivalan -- one of the convicts serving a life term in prison.&nbsp;

Perarivalan&#39;s plea -- to recall the 1999 judgement -- came after the Superintendent of Police, who investigated the case, said in an affidavit that he had not recorded Perarivalan&#39;s statement.

Perarivalan&#39;s statement noted that he was not aware of the purpose of the batteries supplied by him.

Perarivalan was accused of supplying batteries that were used in assassinating Rajiv Gandhi in 1991.

<a href="http://www.wionews.com/india-news/rajiv-gandhi-assassination-casesupreme-court-asks-modi-government-to-communicate-final-word-on-7-convicts-30477">The Supreme Court also asked the Modi government to take a definitive stand</a> on the case within three months.

The Tamil Nadu government had written a letter to the Modi government seeking relief for the seven convicts in May 2016.

The Modi government has been asked to communicate if it stands by the Tamil Nadu government&#39;s decision or has anything else to communicate on the matter.&nbsp;

(With inputs from agencies)

A two-member bench has asked the CBI to communicate its response to a filed by one of the accused

The Supreme Court has sought CBI's response on a plea seeking the recall of its 1999 judgement that upheld the conviction of seven accused. A two-member bench headed by Justice Ranjan Gogoi and Justice R Banumathi has asked the CBI to communicate its response to the plea. The plea was filed by AG Perarivalan -- one of the convicts serving a life term in prison. Perarivalan's plea -- to recall the 1999 judgement -- came after the Superintendent of Police, who investigated the case, said in an affidavit that he had not recorded Perarivalan's statement. Perarivalan's statement noted that he was not aware of the purpose of the batteries supplied by him. Perarivalan was accused of supplying batteries that were used in assassinating Rajiv Gandhi in 1991. The Supreme Court also asked the Modi government to take a definitive stand on the case within three months. The Tamil Nadu government had written a letter to the Modi government seeking relief for the seven convicts in May 2016. The Modi government has been asked to communicate if it stands by the Tamil Nadu government's decision or has anything else to communicate on the matter. (With inputs from agencies)

Rajiv Gandhi assassination case: Supreme Court asks CBI to respond on plea

The CBI has filed a charge sheet against 87 accused in the Vyapam scam.&nbsp;

Former Madhya Pradesh minister Laxmikant Sharma has also been named in the charge sheet.&nbsp;

The case relates to alleged irregularities in the Samvida Shala Shikshak Patrata Pariksha Varg-3 Examination-2011 in Madhya Pradesh conducted by Vyapam.&nbsp;

The Supreme Court directed the CBI to take over the case in July 2015.

Investigations revealed that test scores of 84 candidates were increased to make them pass the test.

According to the CBI, the accused public servants and other suspects had allegedly given details of these candidates to the then principal system analyst to increased their marks.&nbsp;

A number of people connected to the scam and its investigation have died during the course of the&nbsp;investigation.

The scam surfaced in the year 2013.&nbsp;

The CBI has filed a charge sheet against 87 accused in the Vyapam scam. Former Madhya Pradesh minister Laxmikant Sharma has also been named in the charge sheet. The case relates to alleged irregularities in the Samvida Shala Shikshak Patrata Pariksha Varg-3 Examination-2011 in Madhya Pradesh conducted by Vyapam. The Supreme Court directed the CBI to take over the case in July 2015. Investigations revealed that test scores of 84 candidates were increased to make them pass the test. According to the CBI, the accused public servants and other suspects had allegedly given details of these candidates to the then principal system analyst to increased their marks. A number of people connected to the scam and its investigation have died during the course of the investigation. The scam surfaced in the year 2013.

Vyapam scam: CBI files fresh charge sheet against former Madhya Pradesh minister, 84 others

The Supreme Court witnessed heated exchange among senior lawyers on Monday during the hearing in Justice Loya case, prompting the bench to shout the lawyers down. 
&nbsp; 
The three-judge bench, headed by Chief Justice of India Dipak Misra, is hearing petitions seeking an independent investigation into the alleged mysterious death of special CBI judge B H Loya in 2014. The other two judges on the bench are Justice DY Chandrachud and Justice AM Khanwilkar.

Also read:<a href="http://www.wionews.com/india-news/cji-led-bench-of-supreme-court-to-hear-justice-loya-death-case-today-30275"> Congress to raise Judge Loya death case in upcoming budget session of Parliament</a>

Dushyant Dave, the counsel for petitioners Bombay Lawyers Association who are demanding a Special Investigation Team (SIT) to probe the case, today objected to senior lawyer Harish Salve&#39;s presence. Dave argued that Salve has previously represented BJP chief Amit Shah - one of the accused who was later discharged - in the case and hence should stay aw.

Also read: <a href="http://www.wionews.com/india-news/justice-loya-death-case-sc-says-we-must-look-into-all-documents-with-utmost-seriousness-30340">Justice Loya death case: SC says &#39;we must look into all documents with utmost seriousness&#39;</a> 
&nbsp; 
The petitioners also objected to the presence of another senior lawyer, Pallav Sisodia, referring to the conflict of interest since he too had appeared for Shah. 
&nbsp; 
Soon the decibel levels rose and Justice DY Chandrachud, part of the CJI-led bench, snapped at the lawyers, &quot;You should maintain the decorum of the court, this is not a fish market.&quot; 
&nbsp; 
Justice Loya had died of cardiac arrest in Nagpur on December 1, 2014, when he had gone to attend the wedding of a colleague&#39;s daughter. At that time was hearing the Sohrabuddin Sheikh fake encounter case, in which BJP chief Amit Shah was an accused. 
&nbsp; 
The judge who replaced justice&nbsp;Loya had ruled that there was no evidence against the BJP chief to be put on trial. 
&nbsp; 
His death came under the spotlight in November last year after media reports quoting his sister fuelled suspicion about the circumstances surrounding it. 
&nbsp; 
Loya&#39;s family has since said that they no longer believe foul play was involved in his death. 
&nbsp; 
Anuj Loya, the son of special CBI judge, said on January 14 that his father had died of natural causes and that the family does not want any further investigation. 
&nbsp; 
During the hearing on January 22, the Supreme Court had restrained other high courts from entertaining any petition relating to Loya&#39;s death and transferred to itself the pleas pending before the Bombay High Court.

The three-judge bench, headed by Chief Justice of India Dipak Misra, is hearing petitions seeking an independent investigation into the alleged mysterious death of special CBI judge B H Loya in 2014

The Supreme Court witnessed heated exchange among senior lawyers on Monday during the hearing in Justice Loya case, prompting the bench to shout the lawyers down. The three-judge bench, headed by Chief Justice of India Dipak Misra, is hearing petitions seeking an independent investigation into the alleged mysterious death of special CBI judge B H Loya in 2014. The other two judges on the bench are Justice DY Chandrachud and Justice AM Khanwilkar. Also read: Congress to raise Judge Loya death case in upcoming budget session of Parliament Dushyant Dave, the counsel for petitioners Bombay Lawyers Association who are demanding a Special Investigation Team (SIT) to probe the case, today objected to senior lawyer Harish Salve's presence. Dave argued that Salve has previously represented BJP chief Amit Shah - one of the accused who was later discharged - in the case and hence should stay aw. Also read: Justice Loya death case: SC says 'we must look into all documents with utmost seriousness' The petitioners also objected to the presence of another senior lawyer, Pallav Sisodia, referring to the conflict of interest since he too had appeared for Shah. Soon the decibel levels rose and Justice DY Chandrachud, part of the CJI-led bench, snapped at the lawyers, "You should maintain the decorum of the court, this is not a fish market." Justice Loya had died of cardiac arrest in Nagpur on December 1, 2014, when he had gone to attend the wedding of a colleague's daughter. At that time was hearing the Sohrabuddin Sheikh fake encounter case, in which BJP chief Amit Shah was an accused. The judge who replaced justice Loya had ruled that there was no evidence against the BJP chief to be put on trial. His death came under the spotlight in November last year after media reports quoting his sister fuelled suspicion about the circumstances surrounding it. Loya's family has since said that they no longer believe foul play was involved in his death. Anuj Loya, the son of special CBI judge, said on January 14 that his father had died of natural causes and that the family does not want any further investigation. During the hearing on January 22, the Supreme Court had restrained other high courts from entertaining any petition relating to Loya's death and transferred to itself the pleas pending before the Bombay High Court.

'This is not a fish market': Supreme Court slams noisy lawyers in Loya case hearing

<a href="http://www.wionews.com/india-news/better-that-someone-sells-pakodas-than-begs-amit-shah-in-parliament-31850">Better </a><a href="http://www.wionews.com/india-news/better-that-someone-sells-pakodas-than-begs-amit-shah-in-parliament-31850">that</a><a href="http://www.wionews.com/india-news/better-that-someone-sells-pakodas-than-begs-amit-shah-in-parliament-31850"> someone sells </a><a href="http://www.wionews.com/india-news/better-that-someone-sells-pakodas-than-begs-amit-shah-in-parliament-31850">pakodas</a><a href="http://www.wionews.com/india-news/better-that-someone-sells-pakodas-than-begs-amit-shah-in-parliament-31850"> than begs: Amit Shah in Parliament</a>

It took a lot of time for this government to fill the &quot;hole&quot; it inherited from its predecessor, BJP President Amit Shah said in the Rajya Sabha Monday. Shah was making his debut speech in Parliament.&nbsp;

<a href="http://www.wionews.com/india-news/gurgaon-school-murder-case-cbi-says-fingerprints-of-juvenile-accused-found-at-crime-scene-31867">Gurgaon school murder case: CBI says fingerprints of juvenile accused found at crime scene</a>

The CBI filed a 1,000-page charge sheet in the Gurgaon school murder case on Monday.&nbsp;

The charge sheet says the fingerprints of the juvenile accused were found at the crime scene. And that the source of the murder weapon -- a knife -- has been identified.&nbsp;

<a href="http://www.wionews.com/india-news/after-20-years-in-power-tripura-cm-manik-sarkar-has-rs-2410-in-bank-31864">After 20 years in power, Tripura CM Manik Sarkar has Rs 2,410 in the bank</a>

Manik Sarkar, the chief minister of the poll-bound state Tripura has cash amounting to a little over Rs 3500.&nbsp;

<a href="http://www.wionews.com/business-economy/sensex-extends-fall-bonds-slip-rupee-flat-31854">Sensex falls for </a><a href="http://www.wionews.com/business-economy/sensex-extends-fall-bonds-slip-rupee-flat-31854">fifth</a><a href="http://www.wionews.com/business-economy/sensex-extends-fall-bonds-slip-rupee-flat-31854"> day in a row, closes at 34,757</a>

Indian shares fell for a fifth straight session on Monday, with the broader NSE index hitting its lowest in a month, as Asian shares slumped, while worries remained that the Reserve Bank of India would turn more hawkish at its policy meeting later this week.

<a href="http://www.wionews.com/south-asia/political-crisis-in-maldives-continues-demand-for-presidents-resignation-grows-31869">Political crisis in </a><a href="http://www.wionews.com/south-asia/political-crisis-in-maldives-continues-demand-for-presidents-resignation-grows-31869">Maldives</a><a href="http://www.wionews.com/south-asia/political-crisis-in-maldives-continues-demand-for-presidents-resignation-grows-31869"> continues, demand for President&#39;s resignation grows</a>

Maldives capital Male continues to remain tense, with the opposition and general public unrelentingly asking President Yameen to step down and allow a new leadership to take charge.

Better that someone sells pakodas than begs: Amit Shah in Parliament It took a lot of time for this government to fill the "hole" it inherited from its predecessor, BJP President Amit Shah said in the Rajya Sabha Monday. Shah was making his debut speech in Parliament. Gurgaon school murder case: CBI says fingerprints of juvenile accused found at crime scene The CBI filed a 1,000-page charge sheet in the Gurgaon school murder case on Monday. The charge sheet says the fingerprints of the juvenile accused were found at the crime scene. And that the source of the murder weapon -- a knife -- has been identified. After 20 years in power, Tripura CM Manik Sarkar has Rs 2,410 in the bank Manik Sarkar, the chief minister of the poll-bound state Tripura has cash amounting to a little over Rs 3500. Sensex falls for fifth day in a row, closes at 34,757 Indian shares fell for a fifth straight session on Monday, with the broader NSE index hitting its lowest in a month, as Asian shares slumped, while worries remained that the Reserve Bank of India would turn more hawkish at its policy meeting later this week. Political crisis in Maldives continues, demand for President's resignation grows Maldives capital Male continues to remain tense, with the opposition and general public unrelentingly asking President Yameen to step down and allow a new leadership to take charge.

WION Evening News Brief, February 5, 2018

The CBI filed a 1,000-page charge sheet in the Gurgaon school murder case on Monday.&nbsp;

The charge sheet says the fingerprints of the juvenile accused were found at the crime scene. And that the source of the murder weapon -- a knife -- has been identified.&nbsp;

The charge sheet adds that the motive for the murder remains the same -- that the juvenile had wanted to postpone a school exam and delay a parent-teacher meeting.&nbsp;

The CBI has also said in its charge sheet that the role of the school and the police in the murder is still under investigation. The agency meanwhile has also asked for the discharge of the bus conductor Ashok, who was first accused of the murder by Gurgaon Police.&nbsp;

The CBI&nbsp;charge sheet says the juvenile searched &quot;how to remove bloodstains&quot; on the internet.

The CBI says in its charge sheet that this indicates he planned the murder and the destruction of evidence. It also adds that the juvenile&#39;s statements do not match with the CCTV footage retrieved.

His email and mobile phone records are included in the charge sheet.&nbsp;

The CBI adds that the behaviour of the juvenile before and after the murder has been included in the charge sheet. The CBI adds that the &quot;behavioural analysis&quot; was carried out by psychiatrists.&nbsp;

Circumstantial evidence is reportedly included in the charge sheet, and there are a total of 127 witnesses in the Prince murder case.

Prince was found dead in the toilet of his Gurgaon school on September 8 last year.&nbsp;

The seven-year-old was studying in class II. Gurgaon Police arrested and charged the school bus conductor Ashok with the murder on September 8 itself.&nbsp;

But Prince&#39;s father insisted on a CBI enquiry, saying the police and school were covering something up.&nbsp;

The CBI took over the case on September 23. A few days later they said a class 11 boy was their prime suspect.&nbsp;

The CBI said the juvenile had committed the murder because he wanted to have an exam postponed.&nbsp;

A Gurgaon court meanwhile turned down the juvenile accused&#39;s bail application, saying the stage was not fit for the granting of bail.&nbsp;&nbsp;

The 16-year-old will be tried as an adult.&nbsp;

&nbsp;

The CBI filed a 1,000-page charge sheet in a Gurgaon court today

The CBI filed a 1,000-page charge sheet in the Gurgaon school murder case on Monday. The charge sheet says the fingerprints of the juvenile accused were found at the crime scene. And that the source of the murder weapon -- a knife -- has been identified. The charge sheet adds that the motive for the murder remains the same -- that the juvenile had wanted to postpone a school exam and delay a parent-teacher meeting. The CBI has also said in its charge sheet that the role of the school and the police in the murder is still under investigation. The agency meanwhile has also asked for the discharge of the bus conductor Ashok, who was first accused of the murder by Gurgaon Police. The CBI charge sheet says the juvenile searched "how to remove bloodstains" on the internet. The CBI says in its charge sheet that this indicates he planned the murder and the destruction of evidence. It also adds that the juvenile's statements do not match with the CCTV footage retrieved. His email and mobile phone records are included in the charge sheet. The CBI adds that the behaviour of the juvenile before and after the murder has been included in the charge sheet. The CBI adds that the "behavioural analysis" was carried out by psychiatrists. Circumstantial evidence is reportedly included in the charge sheet, and there are a total of 127 witnesses in the Prince murder case. Prince was found dead in the toilet of his Gurgaon school on September 8 last year. The seven-year-old was studying in class II. Gurgaon Police arrested and charged the school bus conductor Ashok with the murder on September 8 itself. But Prince's father insisted on a CBI enquiry, saying the police and school were covering something up. The CBI took over the case on September 23. A few days later they said a class 11 boy was their prime suspect. The CBI said the juvenile had committed the murder because he wanted to have an exam postponed. A Gurgaon court meanwhile turned down the juvenile accused's bail application, saying the stage was not fit for the granting of bail. The 16-year-old will be tried as an adult.

Gurgaon school murder case: CBI says fingerprints of juvenile accused found at crime scene

The CBI has filed a charge sheet against former Haryana chief minister Bhupinder Singh Hooda and 34 others in the Manesar land deal case, officials said here today.

The agency has filed the charge sheet under IPC sections related to criminal conspiracy and cheating, and relevant provisions of the Prevention of Corruption Act, they said.

Former UPSC member Chattar Singh, who was a senior officer in the Haryana government at that time, has also been named in the charge sheet as an accused, they said.

The CBI has alleged in its FIR that land measuring about 400 acres, whose market value at that time was above Rs 4 crore per acre, was allegedly purchased by private builders and others from innocent land owners for only about Rs 100 crore in collusion with government officers.

The CBI had said that a loss of Rs 1,500 crore was allegedly caused to the land owners of Manesar, Naurangpur and Lakhnoula villages of Gurgaon.

The agency registered the case in September 2015 on allegations that private builders, in conspiracy with public servants of the Haryana government, had purchased the land at meagre rates showing the threat of acquisition by the government, during the period between August 27, 2004 and August 24, 2007.

In this process, the Haryana government had initially issued a notification under the Land Acquisition Act for acquisition of land measuring about 912 acres for setting up of an industrial model township, it had said.

After the land had allegedly been grabbed from their owners by private builders under the threat of acquisition at meagre rates, the government issued a fresh notification in 2007 and put the land out of the acquisition process, the agency had said.&nbsp;

The agency had said that a loss of Rs 1,500 crore was allegedly caused to the land owners

The CBI has filed a charge sheet against former Haryana chief minister Bhupinder Singh Hooda and 34 others in the Manesar land deal case, officials said here today. The agency has filed the charge sheet under IPC sections related to criminal conspiracy and cheating, and relevant provisions of the Prevention of Corruption Act, they said. Former UPSC member Chattar Singh, who was a senior officer in the Haryana government at that time, has also been named in the charge sheet as an accused, they said. The CBI has alleged in its FIR that land measuring about 400 acres, whose market value at that time was above Rs 4 crore per acre, was allegedly purchased by private builders and others from innocent land owners for only about Rs 100 crore in collusion with government officers. The CBI had said that a loss of Rs 1,500 crore was allegedly caused to the land owners of Manesar, Naurangpur and Lakhnoula villages of Gurgaon. The agency registered the case in September 2015 on allegations that private builders, in conspiracy with public servants of the Haryana government, had purchased the land at meagre rates showing the threat of acquisition by the government, during the period between August 27, 2004 and August 24, 2007. In this process, the Haryana government had initially issued a notification under the Land Acquisition Act for acquisition of land measuring about 912 acres for setting up of an industrial model township, it had said. After the land had allegedly been grabbed from their owners by private builders under the threat of acquisition at meagre rates, the government issued a fresh notification in 2007 and put the land out of the acquisition process, the agency had said.

CBI files charge sheet against former CM Hooda in Manesar land case

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