15
Saturday
December 2018
8:22 AM IST
News Headlines
Trump's son-in-law Jared Kushner possible next chief of staff: US media        Sri Lanka PM Mahinda Rajapaksa to resign, says his son after court setback        Rahul Gandhi After Rafale Verdict: "Will Prove PM Helped Anil Ambani"        Author Amitav Ghosh Honoured With 54th Jnanpith Award        Supreme Court sees no wrongdoing in Rafale deal, rules out probe        India bowled a little bit short, Australia pacers could benefit: Border        ISL: FC Goa thrash NorthEast United 5-1        BWF World Tour Finals: PV Sindhu, Sameer Verma Register Easy Wins To Enter Semifinals        Diving legend says HIV-contracted friend inspired him to Olympic gold        India beat Pakistan to reach final of Emerging Teams Asia Cup        Boosting exports key to make India $5-tn economy by 2025: Kant        Prabhu, US Commerce Secretary to discuss trade issues on Feb 14        Ceasefire for key Yemen port agreed at peace talks: UN        Britain's May sees no 'immediate breakthrough' at EU        Poll results prove Ram Temple or communal polarisation doesn't cut ice with people: Sinha        Ashok Gehlot appeals to Cong workers in Raj to maintain peace        Rahul tweets pic with Kamal Nath, Scindia as race for CM moves to Bhopal        Aussies will fight back, but India has upper hand: Ghavri        World Tour Finals: Tough road ahead for Sindhu; Sameer too eyes knockout berth        Govt should consider 100% FDI in multi-brand retail trade: CII report        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | 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.


Activist Rehana Fathima, Who Attempted Sabarimala Trek, Arrested Over Facebook Post
Good news for Keralite Nurses: IELTS cut-off reduced to 6.5
BJP leader K Surendran, 71 others granted bail
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
Vijayan urges UAE Keralites to back salary challenge
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
Idukki dam's one shutter opened
Eight pacts signed after Modi-Putin summit
Kerala not to open Idukki dam today
Violinist Balabhaskar's wife Lekshmi slightly recovers
Red alert issued in Idukki and Malappuram
Heavy rain in Palakkad; Malambuzha dam to be opened
Sabarimala Verdict: Kerala won't file a review petition, says CM
Violinist Balabhaskar laid to rest
Sabarimala verdict: Siva Sena calls for hartal on Monday
No case will be filed against MLA P.K. Sasi
Alert issued in Munnar as the shutter of Mattuppetty dam lifted
High Court bars KSRTC strike
Soldier in me helped fight nature's might: Smiling Abhilash Tomy thanks rescuers
ENTERTAINMENT NEWS
Vaikom Vijayalekshmi ties knot with Anoop
 Vaikom: Playback singer Vaikom Vijayalekshmi has tied knot with Anoop N. at Vaikom Mahadeva temple.  
Mohanlal's Odiyan: Official trailer launched
Mammootty narrates Odiyan's intro?
Sradha Kapoor as Saina Nehwal: First look poster is out.
INTERNATIONAL NEWS
Trump's son-in-law Jared Kushner possible next chief of staff: US media
 (Washington, Dec 14, 2018):Donald Trump's son-in-law and senior adviser Jared Kushner is on t
Sri Lanka PM Mahinda Rajapaksa to resign, says his son after court setback
Ceasefire for key Yemen port agreed at peace talks: UN
Britain's May sees no 'immediate breakthrough' at EU
NATIONAL NEWS
Rahul Gandhi After Rafale Verdict: "Will Prove PM Helped Anil Ambani"
 (New Delhi, Dec 14, 2018):Hours after the Supreme Court's clean chit to the government on the
Author Amitav Ghosh Honoured With 54th Jnanpith Award
Poll results prove Ram Temple or communal polarisation doesn't cut ice with people: Sinha
Ashok Gehlot appeals to Cong workers in Raj to maintain peace
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.