Category Archives: Banking

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Did Economic Times Ignore PNB Scam Story to Protect Times Group’s Treasury?

Did Economic Times Ignore PNB Scam Story to Protect Times Group’s Treasury?Negative coverage would have hurt Gitanjali shares – and in turn BCCL’s investments. New Delhi: Could the Punjab National Bank scam, involving celebrity diamantaire Nirav Modi, his uncle Mehul Choksi and others, have come to light a lot sooner than it did? According to whistleblower… Read More »

ECB Member Detained in Anti-Corruption Probe (But Banks Continue to Finger Bitcoin as the Problem)

The post ECB Member Detained in Anti-Corruption Probe (But Banks Continue to Finger Bitcoin as the Problem) appeared first on CCN A member of the European Central Bank’s (ECB) governing board has been detained in an anti-corruption probe. ECB Member Detained in Anti-Corruption Probe Ilmars Rimsevics, who heads the Bank of Latvia, is suspected of demanding… Read More »

CBI Books Delhi Jeweller Over Rs 390 Crore Oriental Bank of Commerce Loan Scam

CBI Books Delhi Jeweller Over Rs 390 Crore Oriental Bank of Commerce Loan ScamThe bank’s complaint accused Dwarka Seth International of cheating it with the help of corrupt officials and letters of credit, very similar to the Nirav Modi-PNB scam. New Delhi: Another alleged fraudulent loan scam, involving nearly Rs 390 crore, has emerged in… Read More »

The Public Will Decide Cryptocurrencies’ Future: Malaysia’s Central Bank

The post The Public Will Decide Cryptocurrencies’ Future: Malaysia’s Central Bank appeared first on CCN The head of Malaysia’s central bank has firmly stated that the fate of cryptocurrencies in the country depends on the public adopting them, adding it would neither ban nor recognize cryptocurrency. Speaking at the 40th-anniversary dinner of the Harvard Business… Read More »

CBI Arrests Rotomac Owner Vikram Kothari, Son

CBI Arrests Rotomac Owner Vikram Kothari, SonThe agency has said that the two were not cooperating with the investigation into the alleged loan default. Vikram Kothari. Credit: Facebook New Delhi: The Central Bureau of Investigation on Thursday arrested Rotomac owner Vikram Kothari and his son Rahul, both directors in the company, for alleged default on loan… Read More »

‘Jan Gan Man Ki Baat’ Episode 199: Arun Jaitley’s Statement on Nirav Modi-PNB Scam

‘Jan Gan Man Ki Baat’ Episode 199: Arun Jaitley’s Statement on Nirav Modi-PNB ScamVinod Dua discusses finance minister Arun Jaitley’s statement on the Punjab National Bank scam.  The post ‘Jan Gan Man Ki Baat’ Episode 199: Arun Jaitley’s Statement on Nirav Modi-PNB Scam appeared first on The Wire.

Watch: The Nirav Modi and PNB Scam Explained

Watch: The Nirav Modi and PNB Scam ExplainedNirav Modi, the billionaire jeweller, along with his relatives, scammed Punjab National Bank of over Rs 11,400 crores in one of the biggest frauds in India’s banking history. How did this go unnoticed and who is responsible? The post Watch: The Nirav Modi and PNB Scam Explained appeared… Read More »

Lithuania’s Central Bank Investigates 100 Million Euro Bankera ICO

The post Lithuania’s Central Bank Investigates 100 Million Euro Bankera ICO appeared first on CCN Lithuania’s central bank has launched an investigation into a domestic initial coin offering (ICO), which it says has violated the country’s securities laws. According to a statement dated Feb. 15, the Lietuvos Bankas has opened a probe into blockchain financial… Read More »

Nirav Modi Scam: Jaitley Wants Banks, Auditors to Introspect But Not FinMin, PMO

Nirav Modi Scam: Jaitley Wants Banks, Auditors to Introspect But Not FinMin, PMOThe finance minister suggested the fraud represented a failure of public sector bank managements to use their autonomy responsibly. File photo of finance minister Arun Jaitley. Credit: PTI New Delhi: When the Rs 11,400 crore Nirav Modi case broke a week ago, Prime Minister… Read More »