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.
Oosthuizen grabs first-round lead at WGC Mexico Championship
Consider Paisley, who describes himself on his Twitter account as a "diminutive golfer from Newcastle, the anti-DJ". Those results came off a superb end to the year, where he won the silverware in three out of his last six stars.
UN Security Council adopts Russian-drafted resolution on renewal of Yemen sanctions
In Yemen, a Saudi-led coalition has been bombing since 2015 Iran-backed Shia Houthi rebels opposed to the internationally recognised government.
Woods hot, Scott claws back at PGA Honda
Make sure you're altering your lineup before the morning tee times you were a believer.The mystery for gamers that is J.B. Woods is just four shots off leaders, the American tandem of Luke List (66) and Jamie Lovemark (69), at three under par .
"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
Global oil prices projected to be stable in 2018: OPEC
This effort was undertaken to handle the oversupply of oil that has caused the global oil prices to plummet since 2014. Producers are sticking to the cuts and an involuntary drop in Venezuelan output has further boosted compliance.
Mar 04 2018
Woods to play at Valspar Championship, Arnold Palmer Invitational
If Tiger Woods continues to play well then he will be in the mix to win the first golf major of the year, according to experts. It will be his first start in the event since 2013.
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.
Feb 26 2018
China Communist Party has proposed removing presidential term limits
The plenary comes only a week before annual meeting of National People's Assembly (ANP), Chinese legislature. Such a move could pave the way for current leader Xi Jinping to remain as head of state after 2023.
Feb 25 2018
Jimmy Butler suffers right knee injury, MRI scheduled Saturday
The Rockets were without guard Eric Gordon due to an illness, while Trevor Ariza made his return after a nine-game injured spell. Nikola Jokic had 28 points, 11 rebounds and 11 assists before fouling out of the Nuggets' 129-119 victory against the Spurs.
Feb 25 2018
We can cope without Alderweireld, says Pochettino
You have to show that you are ready to fight. "Now he realises that he is so strong mentally", he added. Now he is a complete defender'.
Feb 25 2018
We are turning TAPI into reality: PM Abbasi
Ghani described the project as a "corridor of development" and stressed on regional cooperation. The Prime Minister also congratulated the ADB for its role in making the project a reality.
Feb 24 2018
Celtic lacked real courage, says Rodgers
Russian website Sport Express Ru have rated the Celtic players for last night's defeat to Zenit St Petersburg, and it doesn't look pretty for the SPL side.
Feb 23 2018
NRA Chief Wayne LaPierre: FBI, Elitism To Blame For School Shootings
In a statement Wednesday, NEA president Lily Eskelsen García said, "Educators need to be focused on teaching our students". Mr Trump was meeting with politicians overnight (AEDT) "to discuss school safety", and with governors next week.
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Mar 04 2018World''s most sophisticated weather satellite to launch shortly
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Mar 03 2018WWE Raw: Reigns calls out Lesnar, Rousey demands an apology
Mar 02 2018Comcast attempts to outbid Fox for Sky
Feb 26 2018Major quake shakes Papua New Guinea; no tsunami threat to Hawaii
Feb 25 2018Allu Arjun imitates Priya Prakash Varrier's wink in the most adorable manner
Feb 24 2018Walmart's online sales growth slips, rattling investors
Feb 23 2018LBPD Arrests Student At Wilson High For Alleged Threats
Mar 04 2018Gazprom seeks to halt Ukraine gas contracts as dispute escalates
Mar 03 2018Gold prices dip as dollar remains strong on Powell's comments
Mar 01 2018Watch Ester Ledecka make history, win gold medals in two different sports
Mar 01 2018Attorney Investigating Arizona: DeAndre Ayton 'Abided By All Applicable Rules', 'Fully Eligible'
Mar 01 2018Iraq court sentences 16 Turkish women to death for joining IS
Feb 25 2018At least 13 injured after 'explosion' on board ferry at Mexico resort
Feb 25 2018Trump tax cut fuels record profit for Buffett's Berkshire
Feb 25 2018Bollywood Actress Sridevi passes away after suffering cardiac arrest
Feb 24 2018Trump Defends Second Amendment At CPAC And Warns of Dems Taking Office
Feb 24 2018Utterly ridiculous: Jennifer Lawrence blasts media over dress controversy
Feb 24 2018Russian Figure Skaters Take Gold, Silver Medals at Winter Olympics
Feb 23 2018Apple iOS update fixes 'text bomb' bug