PNB fraud: CBI arrests four more, including a Malayalee

"And when the liberty of a female is not been priced (sic) by the investigating agencies, my concern for my safety and for the unfairness in the process is not in any manner misplaced", Nirav Modi wrote to Archana Salaye, Assistant Director of ED, on February 26.

Though Modi has not been formally charged for the crime, India's External Affairs Ministry has revoked the passports of the disgraced jeweller and his uncle and business partner Mehul Choksi, and launched a massive crackdown on companies linked to the duo. Accordingly, the special court issued a NBW against Modi.

The Central Bureau of Investigation (CBI), which has arrested 14 people in the case, on Saturday for the first time said bribes were paid to at least one Punjab National Bank (PNB) official by Modi. "He neither responded to those summonses nor appeared before the agency". The ED had issued summonses to him on February 15, February 17 and February 22, asking him to appear before the agency. In response to the second summons, Nirav Modi said he can not appear before the agency owing to his business commitments.

Even as multiple agencies are probing the Rs 12,700 crore Punjab National Bank scam, the National Company Law Tribunal (NCLT) has barred more than 60 entities, including Nirav Modi, Mehul Choksi, various individuals, companies and limited liability partnership firms, from selling their assets. The Income Tax Department has already filed a charge sheet under sections 276 C (1) [wilful attempt to evade tax], 277 A [false statement in verification], 278 B [offences by companies] and 278 E [presumption as to culpable mental state] of the Income Tax Act, 1961.

You can never give up - Zidane defiant on Madrid's title hopes
PSG figures talking up a heated atmosphere at the Parc des Princes on Tuesday was not a worry for Madrid, Zidane said. The pressure on Zidane piles up following his side's lost to Espanyol in the mid-week clash between the teams .

Beyoncé Is Back And Rapping With Jay-Z On A New Song
She claimed Beyonce nearly beat up an unidentified actress for talking and flirting with JAY. "I Love That she said my name". The new single today is " Top Off " featuring Jay Z , Beyonce and Future . "I was talking to Jay-Z for a little bit".

Songs, heartfelt words shared at the Rev. Billy Graham's funeral
At the time, tapes of private conversations revealed the evangelist joining the President in making anti-Semitic remarks. Along the way, he avoided the types of public scandals that befell other prominent preachers.

The estimated Rs 12,700 crore fraud was perpetrated by way of fraudulent Letter of Undertakings (LoUs) in connivance with some bank employees.

The LoU is a guarantee which is given by an issuing bank to Indian banks having branches overseas to grant a short-term credit to the applicant. On Thursday, the CBI arrested another former bank official, Bishnubrata Mishra, who was the internal chief auditor between 2011 and 2015 at the Brady House branch, ANI reported.

Amid a growing clamor for privatizing state-owned banks in the wake of the country's biggest-ever bank fraud of 1.8 billion USA dollars, bank employees have written to the Indian government slamming such a "counterproductive" move.

Related news:

Hot News

isis-killer-beheading-video-story-top University: Student Charged in Parents' Slayings
Mar 05, 2018 - 00:51
University spokeswoman Heather Smith says 19-year-old James Eric Davis Jr . also faces a felony weapons charge. Following the shooting , authorities placed the college-which has a student body of over 20,000-on lockdown .

isis-killer-beheading-video-story-top Congress party's plans to secure numbers in Meghalaya 'leaked'
Mar 05, 2018 - 00:49
Sangma submitted his resignation to Meghalaya Governor Ganga Prasad in Shillong following the assembly election results . Echoing a similar stance, UDP president Donkupar Roy today extended the party's support to the NDP.

isis-killer-beheading-video-story-top Trump has 'autocratic envy' toward Putin — Ex-CIA director
Mar 05, 2018 - 00:48
And in a touch of dark humor, he invited Russians to join a Defense Ministry contest to name some of the weapons. For the US there is no need for great alarm, but a keen eye must be kept on the aggressive Kremlin.

isis-killer-beheading-video-story-top Turkish soldiers killed during Afrin operation
Mar 05, 2018 - 00:47
The monitoring group said the Turkish army was in control of about 70 per cent of the town, 25km northwest of the city of Afrin. They also seized a strategic mountain in the northeast of the enclave, a military official from the Turkish-led operation said.

isis-killer-beheading-video-story-top Shaquem Griffin and Josh Allen among winners at NFL Combine in Indianapolis
Mar 05, 2018 - 00:43
At the Senior Bowl workouts, he played linebacker, safety and defensive line. "Let's go! And I just started cranking them out". Everything he's done on and off the field should have him locked in as a top-100 player in this year's draft.

isis-killer-beheading-video-story-top Kim Kardashian's reality show may come to India
Mar 04, 2018 - 04:39
She's gone dark, blond and gray as a ghost, but Kim Kardashian's newest hairstyle is pretty in pink.and she insists it's all real. Upping the cuteness factor even further, Kim also used a sweet filter, adding fluffy ears and button noses to her and Chicago .

isis-killer-beheading-video-story-top Simultaneous Attacks Hit Burkina Faso, a Growing Target of Al Qaeda
Mar 04, 2018 - 04:37
Authorities say 133 people have been killed in 80 attacks, as the under-equipped security forces battle to assert themselves. The ministry condoled with families of the victims and wished the injured a speedy recovery.

isis-killer-beheading-video-story-top PM Modi, Quang discuss ways to enhance cooperation in defense, trade
Mar 04, 2018 - 04:36
The visit of the Vietnamese President is the second high-level visit from that country in little more than a month. He said the two sides will also look for trilateral partnership in oil and gas sector.

isis-killer-beheading-video-story-top Ronda Rousey Angle Teased For Monday's WWE Raw
Mar 04, 2018 - 04:36
Monday night, the two will likely confront each other to further a potential match between the two at WrestleMania . The increased ratings will also help WWE's television contract negotiations, which are set to expire next year.

isis-killer-beheading-video-story-top Warren Beatty, Faye Dunaway Get 2nd Chance to Present Oscar
Mar 04, 2018 - 04:36
A source told TMZ that at rehearsal, Dunaway began their presentation by saying, " presenting is better the second time around ". However, due to a mistake backstage, the two were handed the wrong envelope and read that La La Land had won the award.

isis-killer-beheading-video-story-top Kabul bomb: Bishop confirms Australian embassy cars attacked, no staff hurt
Mar 04, 2018 - 04:36
In this open letter, he urged the Taliban to accept a ceasefire and peace talks with the Afghan as well as the US government. A 12-year-old boy was believed to have been killed in the blast.

isis-killer-beheading-video-story-top Alexa Loses Her Voice in Widespread Outage
Mar 03, 2018 - 06:39
Yahoo Finance reports that one of the ways being considered would allow Alexa to translate languages in a more sophisticated manner.

isis-killer-beheading-video-story-top Tori Spelling home after reported nervous breakdown drama
Mar 03, 2018 - 06:37
It can be noted that the actress was sued by American Express in November 2016 for $87,000 in credit card debt. Spelling had all these children with Dean McDermott , whom the actress has been married to since 2006.

isis-killer-beheading-video-story-top WWE Smackdown Live Results 2/27/18
Mar 03, 2018 - 06:37
Neil Docking of the Mirror noted Raw in April 2015 was Mysterio's last WWE appearance, ending his 13-year tenure with the company. Other speculations involve Royal Rumble champion, Shinsuke Nakamura, who Cena could be facing on Fastlane on March 11.

isis-killer-beheading-video-story-top Kyla Jade sings 'See Saw' on The Voice 2018 Blind Audition
Mar 02, 2018 - 06:34
However, things took a turn when a country artist took the stage, and Blake Shelton was blocked from pursuing the contestant. The Voice has always been a positive show, but it's about to get a little dirty with the coaches and we're okay with that.