Mar 05 2018
A senior DRI official said, "The modus operandi indicates that Modi not only evaded duty, but also laundered money, which is being investigated by the Enforcement Directorate".
Earlier, the amount stated to have been defrauded by Modi and Choksi's companies stood at Rs 11,300 crore.
The ED has seized diamonds and other valuables to the tune of around Rs 5,700 crore from Modi's jewellery outlets.
The order restraining 64 entities include those of Nirav Modi, Mehul Choksi and some companies related to the fraud on Punjab National Bank (PNB). He added that the agency received replies from Nirav for two summonses. The diamantaire, however, claimed that he could not join the probe due to business commitments overseas.
Attorney Investigating Arizona: DeAndre Ayton 'Abided By All Applicable Rules', 'Fully Eligible'
The 19-year-old freshman dropped a double-double in the first half alone with 17 points and 11 rebounds. Ayton played in Saturday's 98-93 loss to OR and finished the game with 28 points and 19 rebounds.
Rain and storms tonight; a pleasant finish to the weekend
This system will likely stall out off the coast, and may even linger into Saturday due to a strong blocking high near Greenland. As of Sunday evening, there was a 50 percent chance of rain for Thursday and a 60 percent chance for Thursday night and Friday .
Walmart's online sales growth slips, rattling investors
Stockholders of record on Friday, August 10th will be paid a dividend of 0.52 per share by the retailer on Tuesday, September 4th. You can see how shares began their drop and steady decline once the earnings were announced hours before the market opened.
"We apprised the court of the fact that Modi had breached three summons issued by the ED calling upon him to cooperate with the probe". The agency has yet to track down Modi and Choksi, who left India in January before the fraud came to light. News agency ANI reported that apart from Nirav Modi, his companies were found to be eligible for prosecution under various sections of the Customs Act.
Mumbai: A special court on Saturday issued non-bailable warrants (NBW) against diamond traders Nirav Modi and Mehul Choksi in connection with the multi-core Punjab National Bank (PNB) scam.
The estimated Rs 12,700 crore fraud was perpetrated by way of fraudulent Letter of Undertakings (LoUs) in connivance with some bank employees.
The CBI on Thursday arrested Bishnubrata Mishra of Keonjhar, Odisha, who was working as the Internal Chief Auditor of Punjab National Bank (PNB), in connection with the United States dollars 2 billion fraud.
The two billionaires had allegedly fled the country before the cases were even registered against them. It is alleged that LoUs and LCs worth close to Dollars 2 billion were issued to the companies of the unclenephew duo of Choksi and Modi from the Brady Road branch of the bank through SWIFT (Society for Worldwide Interbank Financial Telecommunication) messages.
Mar 04 2018
Avalanche at California ski resort leaves 2 injured
In a video of the rescue effort, people can be seen digging with their hands and with shovels in an effort to help the man. Around 11:50 a.m. rescuers found that three people had been partially buried, but were able to free themselves.
Mar 03 2018
Gold prices dip as dollar remains strong on Powell's comments
Shares of the company, which sells dental and animal health products, dropped $7.49, or 23.7 percent, to $24.09. The yearly increase in the PCE was flat at 1.7% for the third month in a row, below the Fed's 2% target.
Mar 03 2018
WWE Raw: Reigns calls out Lesnar, Rousey demands an apology
Lesnar had come to Las Vegas the day before as the photograph going around of him with Dana White was taken on Sunday afternoon. Speaking on SiriusXM UFC president White was asked whether a UFC return was on the cards for wrestling star Brock Lesnar.
Mar 03 2018
Harvey Weinstein 'Casting Couch' Statue Pops Up in Hollywood
The all-gold statue features Weinstein sitting on his infamous casting couch , which is propped on top of a red carpet. Called Casting Couch , the statue was unveiled on Thursday by Los Angeles-based street artist Plastic Jesus.
Mar 02 2018
Kushner business secured loans from bank bigs after White House meetings
According to reports, Mueller has been looking into the financial dealings of a number of Trump family members, including Kushner. In 2012, the Kushners and Steinmetz joined forces to buy almost $200 million of apartment buildings in the NY metropolitan area.
Mar 01 2018
Watch Ester Ledecka make history, win gold medals in two different sports
However, she admitted it had not always been easy to deal with the pressure of having so many great expectations on her shoulders. She had not worn makeup, preferring to keep her eyes shielded from the roomful of reporters and cameras.
Mar 01 2018
Iraq court sentences 16 Turkish women to death for joining IS
Under Iraq's anti-terror law, anyone found guilty of joining IS can be handed the death penalty, including non-combatants. One of them told the judge she had taken part in fighting against Iraqi forces alongside the jihadists, he said.
Feb 25 2018
At least 13 injured after 'explosion' on board ferry at Mexico resort
Some of the injuries also included minor cuts and those affected in the incident were taken to a hospital for treatment. The blast has left one side of the ferry, which belongs to the Barcos Caribe company, completely destroyed.
Feb 25 2018
Trump tax cut fuels record profit for Buffett's Berkshire
Net earnings per Class A equivalent share attributable to shareholders jumped to $19,790 from $3,823 past year . Buffett urged investors to stick with stocks even though they can be riskier in the short-term.
Feb 24 2018
Utterly ridiculous: Jennifer Lawrence blasts media over dress controversy
She was reluctant because she had been hacked in 2014 and was devastated when nude photos of her were spread across the internet. The actress added, "Even friends, for many years, were not as important to me as my career".
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