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PUNJAB NATIONAL BANK FRAUD

In the alleged fraud of Rs. 11,400 crores at PNB, involving jewellers Nirav Modi, Mehul Choksi and their companies, the bank has appointed PwC to conduct Audit and bring out the facts of the case. The Bank has sought a detailed investigation in the matter especially relating to the sales transactions ie., Sales on Return

PUNJAB NATIONAL BANK FRAUD

In the alleged fraud of Rs. 11,400 crores at PNB, involving jewellers Nirav Modi, Mehul Choksi and their companies, the bank has appointed PwC to conduct Audit and bring out the facts of the case. The Bank has sought a detailed investigation in the matter especially relating to the sales transactions ie., Sales on Return

Bitcoin Price – Cryptocurrency value rises again as recovery continues

Bitcoin, an electronic payment system based on mathematical proof is a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way.  The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is

Bitcoin Price – Cryptocurrency value rises again as recovery continues

Bitcoin, an electronic payment system based on mathematical proof is a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way.  The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is

Rotomac Pens: Fraud Committed By An Industrialist

After Nirav Modi case, the next case that has come to the surface is that of a bank fraud case.  Here are the details: Vikram Kothari, wife and son questioned by CBI officers, and raids conducted. He was declared a wilful defaulter in 2017 for failing to repay loans After billionaire jeweller Nirav Modi, now industrialist

Rotomac Pens: Fraud Committed By An Industrialist

After Nirav Modi case, the next case that has come to the surface is that of a bank fraud case.  Here are the details: Vikram Kothari, wife and son questioned by CBI officers, and raids conducted. He was declared a wilful defaulter in 2017 for failing to repay loans After billionaire jeweller Nirav Modi, now industrialist

Punjab National Bank Fraud

The hot news for the day is one of the biggest ever frauds in Punjab National Bank, to the tune of Rs. 114 billion.  Alarming things to watch: Bank has named Jewellers Nirav Modi and Gitanjali Gems’ Mehul Choksi as people involved. Mistake by overlooking the Core Banking system, in issuing the unauthorized fraudulent guarantees.

Punjab National Bank Fraud

The hot news for the day is one of the biggest ever frauds in Punjab National Bank, to the tune of Rs. 114 billion.  Alarming things to watch: Bank has named Jewellers Nirav Modi and Gitanjali Gems’ Mehul Choksi as people involved. Mistake by overlooking the Core Banking system, in issuing the unauthorized fraudulent guarantees.

Bank of Baroda’s South African Misadventure

A Hindustan Times,  investigation reveals how a series of mistakes by Bob’s understaffed operations in South Africa has tarnished the reputation of India’s second largest bank, and exposed it to potentially damaging audits across multiple jurisdictions.   MUMBAI: In June 2017, an anodyne footnote to the Bank of Baroda’s (BOB) quarterly results mentioned a fine

Bank of Baroda’s South African Misadventure

A Hindustan Times,  investigation reveals how a series of mistakes by Bob’s understaffed operations in South Africa has tarnished the reputation of India’s second largest bank, and exposed it to potentially damaging audits across multiple jurisdictions.   MUMBAI: In June 2017, an anodyne footnote to the Bank of Baroda’s (BOB) quarterly results mentioned a fine