ED attaches assets worth ₹19,111 crore of loan fugitives
Out of the attached assets, ₹15,113 crore, which is 66.91% of the defrauded amount, has been restituted to public sector banks, finance ministry told Lok Sabha.
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How banking frauds mount
AGB Shipyard’s loan defaults were known since 2013 and continued to be ignored till 2016. Its frauds were found out in 2019 and yet not much happened until it exploded in February 2022.
Mehul Choksi plays catch me if you can
While the noose has tightened around the diamond tycoon, extradition remains complex.
U.K. signs off on Nirav Modi’s extradition
The jailed diamantaire can still appeal against the United Kingdom's home ministry's nod, but the prospect of him returning to India draws near.
Nirav Modi judgment points to extradition
British judge sees no barrier to fair trial in India; fallen diamantaire can appeal in two weeks.
The aftermath of greed
Pavan C. Lall’s book "Yes Man: The Untold Story of Rana Kapoor" is a lucid narrative of how one of India’s better-known bankers fell prey to wild ambition, and exposed the chinks in the system.
‘Diamond industry will rebalance and grow in 2021’
According to Bain & Company’s report, diamond jewellery sales in India are expected to return to a healthy 3% growth in 2019.
How Nirav Modi killed his golden goose
Being funded by a bank is the secret sauce to a jeweller’s respectability. Nirav Modi, India’s best known jeweller, busted his bank and how! Flawed, journalist Pavan Lall’s new book explains.
New scam at PNB will delay return to profits
A ₹3,800 crore fraud will demand more provisioning in the current year, and PNB may require further capital from the government if it needs to grow its business.
PNB’s road to recovery
A year after it was hit by the biggest banking scandal in the country’s history, PNB chief Sunil Mehta is steering the bank towards financial stability.
