March 2018
11:39 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
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.

BJP leaders meet Mani at home
Lorries crash into each other at Kuravilangad, 2 killed
Nisha's controversial book: Jose.K.Mani responds to media
Three stars may be opened, Sudheeran warns govt
Palakkad family killed in accident at Velankanni
HC Division bench stays probe in Syro-Malabar land deal case
Controversial book: Nisha Jose. K. Mani opens up
Teachers and students clash at Farook College
Setback for Dileep in D Cinemaas land controversy
Tent burning: Case registered against CPI(M) men
50,000 new cancer cases reported every year in Kerala
Fr.Thelakkatt's murder: Accused Johny taken for evidence collection / Video
Trial begins in actress attack case
Work on Kochi Metro phase II extension after Centre's nod: CM
Watch Video: CPI(M) workers set ablaze strike pandal
No farmer suicides in Kerala: VS Sunil Kumar
Protesters with kerosene bottles threaten suicide
Forest fire breaks out in Athirappally, arson suspected
Toddy shops along NHs could be re-opened: SC
Watch Video: Fire guts down Chinese shop at Chengannur
Watch Video: Fun filled trailer of 'Kuttanadan Marpappa' is here !
 (Mar 17, 2018, DG): The trailer of Kunchacko Boban starrer 'Kuttanadan Marppaappa' has been r  
Irrfan Khan diagnosed with tumour
There should be space for dissent, disagreement: Nandita Das
Amitabh Bachchan says he is fine
Turkey-backed forces take 'total' control of Afrin
 (Ankara, Mar 18, 2018):Turkish-backed Syrian rebels have taken total control of the centre of
Crushed hopes greet Aung San Suu Kyi in Australia
Mauritius: Ameenah Gurib-Fakim resigns over credit card scandal
Trump fires former FBI deputy director Andrew McCabe
Sonia targets Modi, accuses him of making hollow promises
 (New Delhi, Mar 17, 2018): Former Congress president Sonia Gandhi today launched an all-out a
Rape attempt on university student
Congress urges EC to revert to paper ballots
Gorakhpur DM among 37 IAS officers shuffled in UP
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.