Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.
Sources said the SFIO has asked top officials of a few private and public lenders to appear in person or through a legal representative for questioning on the loan facility given to the jewellery firms.
After media reports that ICICI Bank managing director and chief executive Chanda Kochhar and her Axis Bank counterpart Shikha Sharma have been summoned by SFIO regarding the case, stock exchanges had sought clarifications from both the lenders.
The central government is unable to make a breakthrough and able to arrest these money thief Vijaya Malliya-9000 crore, Mehul Choksi-12700 crore, Nirav Modi-11400 crore, Lalit Modi-1700 crore.
According to a PTI report, senior Axis Bank officials on Tuesday appeared before the SFIO.
Saying that the bank was fully cooperating with the investigation agencies, the ICICI Bank said: "Our exposure to the Gitanjali group of companies is not the largest among lenders in the consortium". The loans were extended to Gitanjali Group between November 2010 and April 2014 against a collateral of only about Rs 100 crore, sources familiar with the development said. PNB has lent Rs 587 crore as working capital, while ICICI Bank has lent Rs 405 crore to Mr Choksi's firms. A team from Axis Bank, led by deputy managing director V Srinivasan and executives from the trade and transactions department, on Tuesday went to the SFIO's office.
Game 4: Michigan Wolverines outlast Iowa, 77-71, in overtime
Top dunk: Early in the second half, Michigan's Moe Wagner threw down a vicious one-handed slam that brought the crowd to its feet. Five players are averaging at least 8.2 points per game for Nebraska, they are James Palmer Jr. "The foul shots didn't go in".
Punjab CM's son-in-law among 13 booked for bank fraud
The investigation agency has filed two FIRs against Inder Chand Chundawat, former senior branch manager at PNB's Barmer branch. In the aftermath of the Punjab National Bank scam, banks have now become more pro-active in sending complaints to the CBI.
A LoU is a guarantee which is given by an issuing bank to Indian banks having branches overseas to grant short-term credit to the applicant.
Before this, CBI has detained Vipul Chitalia, the Vice President of Gitanjali Group of Companies, as a part of its probe into the PBN scam. "Some of the banks have already started replying", said an ED official. The ED has also traced some of the money being routed back to the banks for re-issuing letter of undertaking, or LoUs. He didn't unveil some other insights about Chitalia's affirmed part in the PNB misrepresentation.
The Rs 12,636-crore fraud was allegedly perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems.
This is separate from the Rs12,636 crore Punjab National Bank (PNB) fraud investigation, which involved fake letters of undertaking, he added.
They were sent through an global messaging system for banking called SWIFT, which is used to pass instructions among banks globally to transfer funds. These amounts are then credited to the LoU issuing bank's Nostro accounts.
It will be a tribute to the 1949 Los Angeles tent revivals that made Graham famous, said family spokesman Mark DeMoss. Capitol police officers who died in the line of duty protecting congressmen and civilians inside the Capitol in 1998.
Equality Minister Marlène Schiappa has welcomed the decision, telling AFP news agency she is "very glad" with the outcome. A public uproar over cases involving men who had sex with 11-year-old girls helped spark the legislative change.
It is also the only island to date with a population estimate (285,000-305,000) derived from a ground survey of the island. It's also the middle of the breeding season for penguins, which helped in counting them.
Buffett said he keeps his hands off investment decisions by Combs and Berkshire's other investment deputy, Ted Weschler. For the full year, Berkshire reported $44.9 billion net income, or $18.22 per Class B share.
Muslims in Sri Lanka are generally known as Moors are the minority ethnic group comprising 9.3% of the country's total population. Last week, at least 5 people were wounded and several shops and a mosque damaged when groups clashed in Ampara.
The White House continually changed its story about what it knew about the accusations against Porter, and when. Kelly, speaking to reporters, went into further detail than he has in the past about his role in the situation.
She asks the snake why it bit her, and the snake responds, " You knew damn well I was a snake before you took me in ". Trump then shouted each option and allowed the audience to cheer, gauging the crowd's opinion on the matter.
Julia Cohn: Gun violence as a public health issue
Despite the NRA pouring more than$1 million into ads against him, Northam easily defeated Republican Ed Gillespie. West said the protesters are not anti-gun; her partner is an NRA instructor and teaches concealed-carry classes.
BJP 21, Congress - 3
He said that CPI (M) would continue to oppose the BJP and its "divisive agenda" not only in Tripura but throughout the country. The BJP has, apart from other factors, utilized massive deployment of money and other resources to influence the elections.
Samsung Galaxy S9, S9+ offer better camera, slow-mo videos
The appeal of phone VR is simplicity and affordability: Just use a $100-ish set of goggles and your phone, and you're set. It is interesting to note that this will be the fastest that a Galaxy device has been introduced in the Indian market.
'Damascus assault to continue despite ceasefire call'
Eastern Ghouta is part of de-escalation zones endorsed by Turkey, Russia and Iran , where acts of aggression are prohibited. But activists said that Damascus , Syria's capital, and the embattled suburb eastern Ghouta appeared relatively calm.
Korean women's curling team beats Japan to advance to finals
A day later on Tuesday, the petition had more than 222,000 signatures. "They (Kim and Park) bring such a shame to our nation". Unaware of the requirement, she had not met it. "They are great, great kids and they just lapped it up", he told reporters.
Larry Nance Jr. to wear father's No. 22 for Cavaliers
However, he didn't quite get the production from the supporting cast that he had received in the last couple of games. Heading into the All-Star Break, Memphis dropped a shootout to the Oklahoma City Thunder, 121-114, at the FedExForum.