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June 2018
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News Headlines
Dantewada: Goods train derailed, Naxal hands suspected        Never planned to meet Railway Minister Piyush Goyal in Delhi: Kerala CM Pinarayi Vijayan        GST rides on federalism: Narendra Modi        15 Killed, 10 Injured as Tractor-trolley Falls Into Canal in Telangana        Saudi Arabia's ban on women driving ends officially        White House spokesperson Sanders says she was kicked out of restaurant        Germany: Huge explosion rips through apartment building, leaves 25 injured        Hat-trick hero Kane helps England reach knockouts after beating Panama 6-1        Roger Federer loses No.1 spot as Borna Coric stuns him in Halle Open final        Federer beats Kudla to reach 12th Halle final        Hockey: Clinical India crush Pakistan 4-0 in CT opener        Infosys stable and on verge of something momentous: Nilekani        Boko Haram raid kills five in Nigeria: residents        Musharraf says he has not quit politics        AP will be torn apart if 'monkey gangs' come to power: CM        Congress neglected development of cities: PM        BJP will not allow Kashmir to get disintegrated from India: Shah        Wary of hacks, World Cup teams get serious on cybersecurity        You pass YoYo test, you play for India, says Shastri, Kohli endorses        Prof Debashis Chatterjee assumes charge as Director of IIM-K        
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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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Malappuram press club attack: RSS workers nabbed
Workers injured in mudslide at construction site
Latvian tourist's dead body cremated
State's 16th century wooden palace now gets a website
Two held in connection with Lithuanian tourist's rape, murder
SSLC results declared
UDF takes out bullock cart rally against fuel price hike / Video
Pregnant lady falls from bus, gets injured
Varappuzha Sreejith's death: AV George to be interrogated
Sreejith's wife to receive government job, ex-gratia
Malayalam detective novelist Kottayam Pushpanath passes away
State to have directory of skilled labourers soon
Naidu's walk and talk with Kochi's officers
90-year-old tribal woman writes exam; Kerala tribals on "literacy path"
Custodial death:HC directs CBI, Govt to inform stand on plea seeking probe
Date for Chengannur by-poll announced
Now, railway tickets in Malayalam too
Decomposed body of Malayali woman found buried in her house in Sharjah
ENTERTAINMENT NEWS
I am a big flop actor: Karan Johar
 (Mumbai, May 5, 2018): Filmmaker Karan Johar is in mood to take up full-fledged acting jobs.  
Bittersweet moment for us: Akshaye on Vinod Khanna's Dadasaheb Phalke honour
Happy Sonam is getting married, Anand a great guy: Harshvardhan Kapoor
Auctioning 'Rustom' costume for good cause: Akshay Kumar
INTERNATIONAL NEWS
Saudi Arabia's ban on women driving ends officially
 (Riyadh, June 24, 2018):Saudi women are now officially allowed to get behind the wheel after
White House spokesperson Sanders says she was kicked out of restaurant
Germany: Huge explosion rips through apartment building, leaves 25 injured
Boko Haram raid kills five in Nigeria: residents
NATIONAL NEWS
Dantewada: Goods train derailed, Naxal hands suspected
 (Dantewada, June 24, 2018):Eight coaches and engine of a goods train travelling through Dante
GST rides on federalism: Narendra Modi
15 Killed, 10 Injured as Tractor-trolley Falls Into Canal in Telangana
AP will be torn apart if 'monkey gangs' come to power: CM
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