Representational image NEW DELHI: The Enforcement Directorate on Wednesday said it has attached fresh assets worth Rs 29.75 crore of fugitive diamond trader Nirav Modi under the anti-money laundering law. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach these assets that are in the form of bank…
Mumbai: PC Jeweller has reached a one-time settlement (OTS) with a consortium of lenders led by State Bank of India (SBI) to settle its debt by offering banks a mix of cash and equity in the Delhi-based company. The ₹2,250-crore offer represents about a 20% haircut to lenders’ principal amount, estimated at ₹2,900 crore, and…
NEW DELHI: The High Court in London on Wednesday ruled that a luxury apartment linked to the fugitive diamond merchant Nirav Modi could be sold for a value not less than GBP 5.25 million.Master James Brightwell, the judge presiding over a hearing attended remotely by the 52-year-old Nirav from Thameside prison in south-east London, accepted…
JAIPUR: A cashier at Punjab National Bank (PNB) is fighting for life after being shot at on Friday while thwarting two armed men from robbing its Jaipur branch which, inexplicably, did not have a guard.Narendra Singh Shekhawat (49) waged a lone battle despite multiple gunshot wounds to defend the branch on Joshi Marg and forced…
