Page 42 - Nirav Modi News Today

Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of fugitive businessman Mehul Choksi to recover dues totalling Rs 5.35 crore. The latest decision has been taken after Choksi failed to pay the fine imposed on him in October 2022 by Sebi in a case pertaining to indulging in fraudulent trading in the shares of Gitanjali Gems Ltd. Choksi, who was the chairman and managing director as well as part of the promoter group of Gitanjali Gems, is the m...

A division bench comprising Justice Revati Mohite-Dere and Justice Gauri Godse emphasised that it was a question of the huge public money that is involved in the case.The

New Delhi, June 14 (IANS) Congress on Wednesday slammed the Centre after the Reserve Bank of India (RBI) brought in a policy that allows banks and fi

A division bench comprising Justice Revati Mohite-Dere and Justice Gauri Godse emphasised that it was a question of the huge public money that is involved in the case.The

Mumbai: The Bombay High Court has pulled up the Punjab National Bank (PNB) for not taking steps to recover the huge amounts of money availed as loans by

The Congress party has criticized the Reserve Bank of Indias (RBI) decision to allow banks to make a compromise settlement on fraud accounts and wilful defaults. Congress General Secretary Jairam Ramesh has demanded that the RBI immediately repeals its instructions, stating that the new rules mean wilful defaulters who have run away with public money are receiving a "clean chit". The Congress party has claimed that banking frauds have risen 17-fold under the current Modi government.

Addressing a press conference at the AICC headquarters here, AICC secretary Vineet Punia and Congress leader Amitabh Dubey said the financial burden on this country from fraud and wilful defaults has been severe.

Congress on Wednesday slammed the Centre after RBI brought in a policy that allows banks to settle loans of accounts classified as "wilful defaulters" by entering into compromise settlements

Congress on Wednesday slammed the Centre after the Reserve Bank of India (RBI) brought in a policy that allows banks and finance companies to settle loans of accounts classified as "wilful defaulters" by entering into compromise settlements or technically writing off the loans, and asked why it has changed its own rules with regards to frauds.

Nirav Modi, currently lodged in a London jail, is considered close to the ruling BJP