Punjab National Bank  

A UK court has rejected the bail plea of fugitive diamantaire Nirav Modi. Nirav Modi was produced before chief magistrate Emma Arbuthnot at Westminster Magistrates’ Court and was taken back to Wandsworth prison in south-west London. He will next appear via videolink before the same court on December 4.
 

Prime Minister Narendra Modi on Thursday (October 17) said that the remarks of every person, who ridiculed and stood against the decision of abrogation of Article 370 in Jammu and Kashmir, would be discussed in the future. Uttar Pradesh government, on Thursday (October 17), stated that chief minister Yogi Adityanath will grace the Deepotsav (a festival of lamps) celebrations on October 26 in Ayodhya, where more than 5.5 lakh earthen lamps will be lit a day ahead of Diwali. All this and more on MyNation in 100 seconds.
 

Fugitive diamantaire Nirav Modi will be in judicial custody till October 17 in connection with Rs 13,500-crore Punjab National Bank (PNB) fraud and money laundering case
 

Fugitive diamantaire who is wanted in the Punjab National Bank fraud and money laundering case will appear before a UK court through video conferencing. Nirav Modi is expected to be given a confirmed date for his trial, expected in May next year.

Rashi Verma, a class 10 student from Lucknow after clearing an online quiz will now be witnessing the historic moment of Chandrayaan-2 landing on Moon’s surface on September 7. Prime Minister Narendra Modi will also witness the historic moment. The woman who had accused BJP leader Chinmayanand of sexual harassment has been found in Rajasthan. A team of Uttar Pradesh police traced her and picked her up this morning when she was with a friend. Catch the top stories of the day on MyNation in 100 seconds.
 

Nirav Modi who has been accused of being involved in the Punjab National Bank scam amounting to nearly $ 2 billion, will be appearing for a hearing before the UK Court via video conferencing

According to reports, Nirav Modi, who is accused in the Punjab National Bank fraud and money laundering case, had his bail plea rejected thrice before, the fourth time being by the UK high court in June.

The state-run PNB has reported a new fraud at a time when it is recovering from a major financial embezzlement of around $2 billion (around Rs 13,000 crore) by diamond merchant Nirav Modi that was reported in February 2018

Bhushan Steel chairman Sanjay Singhal and his wife are accused of diverting funds of Rs 2,348 crore from the account of Punjab National Bank, Oriental Bank of Commerce (Kolkata), IDBI Bank (Kolkata) and UCO Bank (Kolkata) to the accounts of different firms, including some shell companies. 

The fraud case, according to the sleuths, resulted in a loss of Rs 2,348 crore (approx) for the lending banks/financial institutions/govt exchequer

In the letter, the bank mentioned that it had sanctioned a cash credit loan of Rs 100 crore and a term loan of Rs 17 lakh in favour of M/S North East Region Financial Services Limited in which Keishing James Lalrongbawl was a director and personal guarantor.

Fugitive billionaire Nirav Modi's bail plea rejected by London Court, to remain in custody till March 29 till the next hearing.

In 2013, a government nominee director on the Allahabad Bank board wrote a letter to the RBI and the secretary of the financial services department about the PNB scam but the UPA government took no action against Nirav Modi and Mehul Choksi

This incident came to light on Monday in Trichy, Tamil Nadu, as the employees returned to the bank from their weekend off.