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September 2018
2:17 PM IST
News Headlines
Hasan, Asghar, Rashid fined 15 per cent of their match fees        Ready to be sacked if ATK do not fare well: Coppell        Sensex ends in red after 1,000-pt flash crash        OYO to hire over 2,000 tech experts, engineers by 2020        Thousands rally across Russia against raising pension age        Pak PM Imran hits out at India, calls its response "arrogant" for cancelling talks        Sisodia, AAP MLAs discharged in case related to 2014 protest        We have no role in selection of Reliance Defence for Rafale deal: Govt        Modi, Ambani carried out Rs 1.3 lakh cr 'surgical strike' on defence forces: Rahul on Rafale issue        Chekka Chivantha Vaanam: Second trailer released        Golden Globe Race: Indian Navy Officer Abhilash Tomy injured; INS Satpura dispatched for rescue        India Calls Off Talks With Pak, Says "Imran Khan's True Face Exposed"        Indian govt wanted Reliance for Rafale, we didn't have a choice: Ex-French prez Hollande        Wreckage of Captain Cook’s ship found off US coast        Death toll reaches 136 in Tanzania ferry disaster with scores missing        Ravindra Jadeja, Rohit Sharma take India to comprehensive 7-wicket win        Naomi Osaka Eases into WTA Tokyo Event Semi-final        Let the boundaries go away: Pakistani youth sings Jana Gana Mana with full respect        Three kidnapped cops killed by terrorists in Jammu and Kashmir        Freak penne trending with dislikes and trolls        
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Kerala News
PNB fraud case: Firestar finance head Vipul Ambani arrested
 
(New Delhi, Feb 20, 2018):The Central Bureau of Investigation (CBI) on Tuesday arrested Firestar International president (finance) Vipul Ambani and four other key executives of companies implicated in the alleged ?11,400-crore fraudulent transactions in the Punjab National Bank (PNB).

Mr. Ambani, who was President (finance) of the Firestar Diamonds of the Firestar International group, has been arrested in the case against Nirav Modi and others. “He has been accused of being involved in the scam,” said a CBI official.

Executive Assistant Kavita Mankikar, an authorised signatory of three accused companies, and Arjun Patil, a senior executive with the Firestar group, have also been arrested.

Nakshatra CFO detained

In the Gitanjali-Mehul Choksi case of alleged ?4,887-crore loss to the bank, the CBI arrested Chief Financial Officer of the Nakshatra and Gitanjali group of companies Kapil Khandelwal besides Niten Shahi, a manager with the Gitanjali group.

Earlier on Tuesday, the CBI questioned 10 other PNB officials, including an Executive Director, apart from eight executives working with Nirav Modi’s companies and 10 of Mehul Choksi’s group.

Mr. Modi’s Alibaug farmhouse was also searched.

The CBI had earlier arrested six accused persons, including five PNB officials. Those arrested on Monday were Bechhu Tiwari, Chief Manager and in-charge of the Forex Department; Yashwant Joshi, the then Manager in the Forex Department; and Praful Sawant, an official in the branch’s Export unit.

Earlier on Tuesday, the Bureau questioned 10 other PNB officials, including an Executive Director, apart from eight executives working with Nirav Modi’s companies and 10 of the Mehul Choksi’s group.

Mr. Modi’s Alibaug farmhouse was also searched.

The investigating team has accused supervisory bank officials of attempting to pin the entire blame of the fraudulent transactions on then Deputy Manager Gokulnath Shetty, who has earlier arrested in the case.

The accused officials were responsible for keeping a close watch on daily transactions through the SWIFT messaging system.

The Enforcement Directorate has attached more assets worth ?10 crore and identified 120 shell companies through which funds were allegedly being routed for the past several years.

“ While 79 of the shell companies are allegedly linked to Mr. Choksi, the others are associated with Mr. Modi, his brother Nishal and his contacts,” an official said.

The ED has also identified 39 immovable properties of various accused persons for attachment under the Prevention of Money Laundering Act as proceeds of the alleged crime.


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Petrol, diesel prices go up
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Pinarayi mass murder accused commits suicide at Women's prison
ENTERTAINMENT NEWS
Chekka Chivantha Vaanam: Second trailer released
 The second trailer of Mani Ratnam movie Chekka Chivantha Vaanam released. The trailer almost reveals  
Freak penne trending with dislikes and trolls
Viswasam- On set photos leaked
Aiswarya- Abhishek's Gulab Jamun would go on floor in mid 2019
INTERNATIONAL NEWS
Thousands rally across Russia against raising pension age
 Moscow, Sep 22 (AP) Thousands rallied across Russia on Saturday to protest the government's plan to
Pak PM Imran hits out at India, calls its response "arrogant" for cancelling talks
Wreckage of Captain Cook’s ship found off US coast
Death toll reaches 136 in Tanzania ferry disaster with scores missing
NATIONAL NEWS
Sisodia, AAP MLAs discharged in case related to 2014 protest
 New Delhi Sep 22 (PTI) A Delhi court on Saturday discharged Deputy Chief Minister Manish Sisodia, AA
We have no role in selection of Reliance Defence for Rafale deal: Govt
India Calls Off Talks With Pak, Says "Imran Khan's True Face Exposed"
Indian govt wanted Reliance for Rafale, we didn't have a choice: Ex-French prez Hollande
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