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FedEx"d Diamonds Fueled India"s Largest Bank Fraud

Three bankrupt US firms with “direct” links to the Indian billionaire Nirav Modi were involved in transactions related to an alleged multib.....»»

Category: blogSource: zerohedgeAug 31st, 2018

PNB fraud: ED to seek immediate confiscation of Nirav Modi"s 70-bn assets

A court-issued non-bailable warrant is already pending against Modi and the ED has also moved the Interpol to get a global arrest warrant issued against him, sometime back.....»»

Category: topSource: business-standardMay 27th, 2018

PNB"s bad-loan woes mount to over Rs 151 bn on back of Nirav Modi fraud

The public sector lender has been putting out the names of wilful defaulters and firms since June 2017. Within ten months, these defaults have grown by 28%, from Rs 118.79 bn.....»»

Category: topSource: business-standardMay 6th, 2018

Credit underwriting norms tightened to curb frauds, says PNB

The second largest public sector lender had reported an alleged fraud of over Rs 130 billion by diamantaire Nirav Modi in February-March this year.....»»

Category: topSource: business-standardMay 1st, 2018

PNB fraud: CBI finds major lapses, to file chargesheet next month

CBI has found major lapses by bank officials while issuing LoUs to jewellery Nirav Modi's entities via the foreign branches of other Indian banks.....»»

Category: topSource: business-standardApr 26th, 2018

PNB scam: Govt intervenes in Nirav Modi firms" bankruptcy proceedings in US

Nirav Modi-owned Firestar Diamond Inc filed for bankruptcy in the US on February 27.....»»

Category: topSource: business-standardApr 22nd, 2018

PNB fraud: CBI court issues non-bailable warrant against Mehul Choksi

The CBI court had last week issued a non-bailable warrant against Nirav Modi.....»»

Category: topSource: business-standardApr 11th, 2018

CBI probing Rs 52.8-bn loan to Mehul Choksi by ICICI-led consortium

It is alleged that Choksi and Modi got LoUs and Foreign Letters of Credit (FLCs) of $2 billion issued in favour of foreign branches of Indian banks based on fraudulent claims.....»»

Category: topSource: business-standardApr 11th, 2018

French anti-trust body fines home appliances firms 189 million euros

France's competition authority issued a total fine of 189 million euros ($214 million) on six home appliance manufacturing companies for price-rigging......»»

Category: topSource: reutersDec 6th, 2018

Fed warns of a particularly large plunge in market prices

The Federal Reserve issued a cautionary note Wednesday about risks to financial stability, saying trade tensions, geopolitical uncertainty and a buildup in corporate debt among firms with weak balance sheets pose potentially strong threats......»»

Category: topSource: moneycentralNov 28th, 2018

Fed warns of a particularly large plunge in market prices

The Federal Reserve issued a cautionary note Wednesday about risks to financial stability, saying trade tensions, geopolitical uncertainty and a buildup in corporate debt among firms with weak balance sheets pose potentially strong threats......»»

Category: topSource: moneycentralNov 28th, 2018

In Amazon's Shadow, Walmart Bids for Its Share - Barron's

Barron'sIn Amazon's Shadow, Walmart Bids for Its ShareBarron'sThese reports, excerpted and edited by Barron's, were issued recently by investment and research firms. The reports .....»»

Category: topSource: googlenewsOct 20th, 2018

Centerplate ending ties with Washington Convention Center

Centerplate Inc., the primary catering partner for the Walter E. Washington Convention Center, will move on at the conclusion of its contract with Events D.C. next March. The Stamford, Connecticut-based food and beverage company issued a statement F.....»»

Category: topSource: bizjournalsOct 12th, 2018

U.S. judge says China"s ZTE violated probation; extends monitor"s term

A U.S. judge on Wednesday issued an order finding that China's ZTE Corp violated probation imposed in March 2017 when the company pleaded guilty for conspiring to evade U.S. sanctions by illegally shipping U.S. goods and technology to Iran......»»

Category: topSource: reutersOct 3rd, 2018

U.S. judge says China"s ZTE violates probation; extends monitor"s term

A U.S. federal judge on Wednesday issued an order finding that China's ZTE Corp violated probation imposed in March 2017 when the company pleaded guilty to illegally shipping goods to Iran despite U.S. sanctions......»»

Category: topSource: reutersOct 3rd, 2018

Washington Times settles lawsuit with Seth Rich"s brother, issuing a retraction and apology

The Washington Times issued a lengthy retraction and apology for an editorial it published in March about Aaron Rich, the brother of the slain Democratic National Committee staffer Seth Rich......»»

Category: topSource: cnnOct 1st, 2018

Singapore fines Grab and Uber, imposes measures to open up market

Singapore slapped ride-hailing firms Grab and Uber with fines and finalised restrictions to open up the market to competitors after concluding that their merger in March has driven up prices......»»

Category: topSource: reutersSep 24th, 2018

​Uber’s losses continue in march toward IPO

Investors are closely scrutinizing Uber’s financials because the company is one of the world’s most highly valued private firms, at $62 billion, and is preparing to go public by the end of 2019......»»

Category: topSource: bizjournalsAug 16th, 2018

India wants the UK to help it catch a fugitive billionaire

Thomson Reuters India has asked Britain to extradite billionaire jeweller Nirav Modi. He is one of the main acc.....»»

Category: topSource: businessinsiderAug 3rd, 2018

Lawmakers Question Tech Firms, Publishers on How They Combat Fake News

Tech firms, publishing executives and lawmakers broadly agree on the dangers of fake news and hate speech online. But they still can’t find common ground on how to define it and what to do about it......»»

Category: smallbizSource: wsjJul 18th, 2018