World, India News | As India hopes for Mehul Choksi's extradition, here's a look back at how Choksi and his nephew Nirav Modi led Rs 13,850 crore ($138.5 billion) PNB Scam

Mehul Choksi's arrest brings back memory of PNB scam: How he and Nirav Modi pulled off one of India's biggest scams

In the Indian state of Rajasthan a 49-year-old cashier is fighting for his life, this comes after he thwarted two armed robbers who attempted to loot the bank in Jaipur. In the CCTV footage one of the robbers is seen running away from the spot. The Jaipur police has confirmed that one of the accused is injured and one out of the two robbers has been arrested. Watch to know more!

India: Cashier shot at during robbery attempt in Jaipur

India's Central Bureau of Investigation (CBI) got Subhash Shankar Parab deported from Egypt to India on Tuesday (April 12) after a long diplomatic and legal process.

Who is Subhash Shankar Parab? Nirav Modi's close aide deported to India from Egypt

A High Court judge in London on Monday granted fugitive diamond merchant Nirav Modi permission to appeal against a magistrates’ court order in favour of extradition to India to face charges of fraud and money laundering before the Indian courts on mental health and human rights grounds.

UK High Court grants Nirav Modi permission to appeal India extradition order on depression, suicide risk grounds

UK Home Secretary Priti Patel has signed off on the order to extradite Nirav Modi, wanted in India on fraud and money laundering charges related to the estimated USD 2 billion Punjab National Bank (PNB) scam case, senior Indian diplomatic sources in the UK said on Friday.

UK home secretary approves fugitive diamantaire Nirav Modi's extradition to India 

Fugitive diamond merchant, Nirav Modi, faced another setback as a UK judge on ruled in the government of India's favour by allowing the admissibility of its evidence against Modi.

Nirav Modi faces another setback as UK judge rules in India's favour

Nirav Modi, a diamond merchant who fled India and facing extradition, on Thursday was further remanded in custody until August 27. The fugitive businessman appeared via videolink before Westminster Magistrates' Court in London on charges of defrauding and laundering money of Punjab National Bank (PNB), which amounts nearly USD 2 billion.

Nirav Modi's custody extended, trial to begin in September

Indian shares ticked lower on Monday, dragged down by banking stocks exposed to telecom operators after the government ordered mobile carriers to immediately pay billions of dollars in dues.

Nifty, Sensex fall as telecom exposure weighs on banks

The Central Bureau of Investigation (CBI) on Saturday filed a charge sheet in the Rs 13,500 crore Punjab National Bank (PNB) scam case in which it invoked criminal intimidation charges against the main accused, Nirav Modi, for threatening to kill one of the dummy directors of his company.

PNB scam: Nirav Modi threatened to kill company's director, claims chargesheet

The Prevention of Money Laundering Act (PMLA) court in Mumbai on December 5 declared Nirav Modi, prime accused in the over $2 billion Punjab National Bank (PNB) scam a fugitive economic offender.

Punjab National Bank fraud case: Nirav Modi declared fugitive economic offender

Britain's Westminster Magistrates’ Court on Wednesday rejected a new bail application of the fugitive diamantaire Nirav Modi. Nirav Modi is accused of duping Punjab National Bank of more than Rs 13,000 crore.

Punjab National Bank fraud Case: British court rejects fugitive diamantaire Nirav Modi’s fresh bail application

A London court on Thursday extended the judicial custody of fugitive diamantaire Nirav Modi till November 11 in connection with Rs 13,500-crore Punjab National Bank (PNB) fraud and money laundering case.

Nirav Modi's judicial custody extended till November 11 by London court

Union Finance Minister Nirmala Sitharaman will meet the heads of public sector banks in Delhi on Thursday. The government last month announced the merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation`s bid to become a five trillion dollar economy in the next five years.

Finance Minister Nirmala Sitharaman to meet heads of public sector banks in Delhi today

An RTI activist from Neemuch town of the Malwa region has claimed that a total of 2,480 cases of fraud in public sector banks involving more than Rs 31,800 crore have been registered in the first quarter of the current financial year 2019-20.

RTI activist claims 2,480 cases of fraud in PSBs involving over Rs 31,800 crore registered in Q1 FY20

The Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry burdened with bad debts.

Allahabad Bank reports $259 million alleged fraud by Bhushan Power & Steel

The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion (3,800 crore) rupees ($556 million) in Bhushan Power & Steel Ltd's account to the Reserve Bank of India (RBI).

Punjab National Bank says it has detected Rs 3,800 crore fraud

Fugitve diamantaire Nirav Modi is set to appear via video link from prison for a routine remand hearing before Westminster Magistrates' Court in London on Thursday.

Nirav Modi to appear via video link from prison for UK hearing

Speaking to a local newspaper, Antigua PM Gaston Browne has confirmed Mehul Choksi's citizenship will be revoked. Choksi along with Nirav Modi is the main accused in the Rs 11, 400 crore PNB scam. Browne said that Choksi's Antigua and Barbuda citizenship will be revoked soon. “His citizenship was processed; he got through but the reality is his citizenship will be revoked and he will be repatriated to India; so there is recourse. It’s not a case that we are trying to provide any safe harbor for criminals, for those who are involved in financial crimes,” the prime minister was quoted as saying.

PNB scam: Mehul Choksi's citizenship to be revoked, confirms PM of Antigua and Barbuda

Fugitive diamond merchant Nirav Modi has moved the Royal Court of Justice in London which is the higher court for his bail plea after it was rejected thrice in the lower court.

Nirav Modi moves Royal Court of Justice in London to seek bail plea

Wreckage of missing Indian Air Force AN-32 aircraft spotted The wreckage of Indian Air Force's AN-32 aircraft has reportedly been found, sources reported. The aircraft took off from Assam's Jorhat airbase at 12:25 pm on Monday and went missing after 1 pm.

News brief: Big stories of the day

A UK court on Thursday extended the remand of fugitive diamond merchant Nirav Modi till June 27, who is fighting his extradition to India in the nearly $2 billion Punjab National Bank (PNB) fraud and money laundering case.

UK court extends custody of Nirav Modi till June 27

Fugitive diamond merchant Nirav Modi is set to be produced before a court in London on Thursday as he fights his extradition to India in the nearly $2 billion Punjab National Bank (PNB) fraud and money laundering case.

Nirav Modi to be produced before UK court in extradition case

Fugitive diamantaire Nirav Modi, undergoing extradition proceedings in the UK in the $1-billion Punjab National Bank (PNB) fraud and money laundering case, is set to appear before a London court for a remand hearing on Friday.

Nirav Modi to appear for court hearing via video link from jail

A UK court on Friday extended the remand till May 24 of fugitive diamond merchant Nirav Modi who is accused of defrauding Punjab National Bank of $2 billion. The 48-year-old, who has been behind bars at Wandsworth prison in south-west London since his arrest last month, was produced before the judge at Westminster Magistrates' Court via video link from jail.

UK court extends Nirav Modi's remand till May 24

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