Searching for Gitanjali Jewellers Fraud information? Follow the links below to find all the information you need and more.
https://www.indiatoday.in/business/story/pnb-scam-mehul-choksi-s-gitanjali-gems-to-shut-down-asks-employees-to-take-relieving-letters-1173762-2018-02-20
Gitanjali Gems is set to close down days after Punjab National Bank, India's second largest state lender, uncovered a fraud which allegedly involves at least three firms controlled by Nirav Modi, a billionaire jeweller, and others by Choksi (including Gitanjali Gems). A sealed lock is seen at the door of a Punjab National Bank (PNB) branch after it was sealed by police.
https://in.reuters.com/article/india-fraud-punjab-natl-bank-idINKCN20L21Q
BENGALURU (Reuters) - India’s securities regulator on Thursday fined jewellery retailer Gitanjali Gems Ltd and its executives 50 million rupees ($695,700) for failing to disclose key information...
https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/gitanjali-faces-top-level-exodus-in-the-wake-of-pnb-fraud/articleshow/62988807.cms
NEW DELHI: The PNB scam has triggered a top level exodus at Gitanjali Gems, with board member S Krishnan saying that there was no one to even organise a board meeting to clarify the issues surrounding the purported fraud.
https://mumbaimirror.indiatimes.com/mumbai/other/hundreds-left-without-pay-answers/articleshow/63118046.cms
Gitanjali Gems’ SEEPZ factory has been sealed by authorities investigating the $2-billion bank fraud allegedly carried out by billionaire diamantaire Nirav Modi and his uncle, Mehul Choksi, who ran Gitanjali Gems. Choksi’s employees have not been paid for February and may not get their year-end bonuses.
https://m.economictimes.com/industry/banking/finance/banking/pnb-fraud-big-jewellers-gitanjali-ginni-nakshatra-under-scanner/articleshow/62919544.cms
PNB fraud: Tip of the iceberg? Major jewellers Gitanjali, Ginni and Nakshatra have also come under the scanner of various investigating agencies following PNB 's declaration of Rs 11,400 crore fraud, committed allegedly by Nirav Modi . Punjab National Bank ( PNB) disclosed this morning that it has detected some fraudulent transactions with financial implication of USD 1.77 billion (about Rs 11,346 …
https://www.hindustantimes.com/business-news/pnb-declares-gitanjali-gems-as-fraud-entity-stares-at-huge-provisions-hit/story-lz2ebY1cSAaahDHTM0dtVM.html
Punjab National Bank (PNB) has declared Gitanjali Group a fraud entity after it discovered that group companies, along with firms helmed by jeweller Nirav Modi, were involved in fraudulent...
https://www.jckonline.com/editorial-article/fraud-charges-gitanjali-group/
Fraud Charges Filed Against Gitanjali Group in India. February 16, 2018 by Rob Bates. On Feb. 15, India’s Central Bureau of Investigation filed charges against Gitanjali Group and several of its top executives based on a complaint from state-owned Punjab National Bank. Gitanjali owns the Samuels retail chain in the United States, as well as U.S. wholesale companies Diamlink and Jewelry …
https://www.businesstoday.in/sectors/banks/nirav-modi-case-pnb-fraud-11400-crore-scam-ed-cbi-raid/story/270708.html
PNB FRAUD Billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from one of its branches for overseas credit ... the Indian promoter of Gitanjali jewellery chain ...
https://www.news18.com/news/india/gitanjali-group-vp-brains-behind-the-pnb-fraud-arrested-after-return-from-bangkok-1680939.html
Radhika Ramaswamy. Mumbai: The CBI on Tuesday arrested the man alleged to be the ‘mastermind’ of the Rs 12,700 crore Punjab National Bank fraud, dubbed as the biggest fraud in India's banking history. Vipul Chitalia, vice president (Banking Operations) of Gitanjali Group of companies, was intercepted by the immigration authority at Mumbai airport after he just landed from Bangkok, where he had allegedly been hiding since PNB disclosed the scam …
We hope that you have found all the necessary information about Gitanjali Jewellers Fraud using the links above.
