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Punjab National Bank

News Reports

Belgium Supreme Court rejects bank fraud accused Mehul Choksi’s appeal against order allowing his extradition to India

OpIndia Staff - 10 December, 2025

Mehul Choksi faced a major setback when Belgium’s Supreme Court rejected his appeal, allowing his extradition to India in connection with the Rs 13,000 crore Punjab National Bank scam. Arrested in Antwerp in April, Choksi was denied bail as concerns remain over his flight risk. His nephew Nirav Modi is also fighting extradition from London.

News Reports

State-owned PNB reports borrowing fraud of over Rs 2000 crores in the NPA account of IL&FS Tamil Nadu Power Co. Ltd.

OpIndia Staff - 15 March, 2022

In a letter to BSE and NSE, PNB reported a a borrowing fraud of over Rs 2000 crores in ITPCL NPA account

News Reports

Rs 18,000 crore recovered from fugitives Vijay Mallya, Nirav Modi and Mehul Choksi and returned to banks: Central govt to SC

OpIndia Staff - 23 February, 2022

Govt tells Supreme Court that ₹18,000 crore have been recovered from Vijay Mallya, Nirav Modi, Mehul Choksi

News Reports

Nirav Modi made a ‘scapegoat’, will not get a fair trial in India: Former SC judge Markandey Katju defends the bank scam accused in...

OpIndia Staff - 12 September, 2020

Katju claimed that Nirav Modi was being made a "scapegoat" for India’s economic collapse like Jews were blamed by Nazi Germans

News Reports

ED recovers diamonds, pearls and other valuables worth Rs 1350 crore belonging to fugitives Nirav Modi and Mehul Choksi from Hong Kong

OpIndia Staff - 10 June, 2020

Enforcement Directorate has brought back 108 consignments of various overseas entities belonging to Nirav Modi and Mehul Choksi.

News Reports

Mehul Choksi is a crook and brings no value, Indian officials free to interrogate: Antigua PM

OpIndia Staff - 26 September, 2019

Antigua PM further added that Choksi will be deported ultimately after he exhausts all his appeals and added that Indian officials are free to investigate based on Mehul Choksi's willingness to participate.

News Reports

PNB Scam: Singapore High Court orders attachment of properties of fugitive Nirav Modi worth Rs 44 crore

OpIndia Staff - 2 July, 2019

The Singapore High Court ordered the freezing of balance of $ 6.122 million (Rs.44 crores) crore in the bank account maintained in Singapore by Pavilion Point Corporation, British Virgin Island, a company beneficially owned by Mayank Mehta and Purvi Modi brother-in-law and sister of Nirav Modi.

News Reports