PC Jeweller's Stock Market Woes: Legal Proceedings, Loan Recall Notices, and Insider Trading Allegations
Delhi-based jewellery chain PC Jeweller is facing a tumultuous time in the stock market, with its shares plummeting by over 75% since January 2018. The company is embroiled in legal proceedings with the State Bank of India and four other banks as well.
CBI registers fresh case against Mehul Choksi
The case has been registered based on a complaint filed by IFCI in November 2020; Choksi is already on the run for involvement in a previous case where he was accused of defrauding the Punjab National Bank (PNB) of Rs 13,000 crore, along with Nirav Modi
IJ REVIEW: 'Behind Every Meteoric Rise There Is A Murky Secret'
This is precisely what recently released ‘Bad Boy Billionnaires: India’ on Netflix tries to tell its viewers. IJ reviews the Nirav Modi docudrama from this net series
Banks curb exposure to gems and jewellery industry
Banking exposure dropped ₹4,400 crore to ₹65,700 crore over the year according to latest data issued by the Reserve Bank of India
Nirav Modi extradition: CBI team likely to leave for UK
A Joint Director-level officer has been deputed to leave for London Wednesday with necessary documents
ED attaches Nirav Modi's properties worth Rs 147 crore
The agency in a statement said that the action was taken under sections of the Prevention of Money Laundering Act (PMLA) 2002
Is Mehul Choksi being brought back? Long-range Boeing with ED, CBI officials may head for West Indies
Govt sources have confirmed that India is moving ahead to bring high-value economic offenders from West Indies
Choksi diverted over Rs 3,250-crore to foreign shores, sold jewellery at inflated prices: ED
The agency, which is probing the USD 2 billion alleged bank fraud said Choksi was “using several dummy companies” to rotate funds and to divert money for his personal use.
India can seek extradition of Choksi without Red Corner Notice: CBI
The Interpol, after receiving Choksi's plea, sought the CBI's reply which the Indian agency has sent denying all allegations levelled by him.
Exports must get priority sector lending tag: Suresh Prabhu
Commerce and Industry Minister Suresh Prabhu has said his ministry wants to include the export segment under the priority sector-lending category and it has taken up the issue with the Reserve Bank of India.
Availing funds from banks a challenge after PNB scam: Jewellers
Jewellers are facing challenges in availing funds from banks following the PNB fraud case in which diamond traders Nirav Modi and his uncle Mehul Choksi are allegedly involved, a top industry official said.
Nirav Modi stayed in flat above jewellery store in London: Report
The 47-year-old diamantaire was able to travel in and out of Britain at least four times since his passport was cancelled by the Indian authorities in February.
Platinum imports for jewellery in India to grow by about 25%
The report said, during the first quarter of 2018, sales of platinum jewellery logged 25 per cent retail sales growth in India.
PNB case: Enforcement Directorate seizes Rs 85-crore worth jewellery of Choksi's firm brought from Dubai
The Enforcement Directorate today said it has seized over 34,000 pieces of jewellery worth Rs 85 crore from the Gitanjali Group, owned by diamantaire Mehul Choksi, in connection with the Rs 13,000-crore Punjab National Bank (PNBNSE 0.39 %) fraud case.
Seized Mehul Choksi firm's jewellery for involvement in laundering: ED to HC
A bench of Justices S Muralidhar and I S Mehta were hearing a plea by Choksi's firm challenging the alleged illegal seizure of documents and articles by the probe agency in a money laundering case in connection with the over Rs 11,000 crore Punjab National Bank (PNB) fraud case.
