In what could be the biggest banking fraud in India, state-owned Punjab National Bank today said it has detected a USD 1.77 billion scam in which billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders
In what could be the biggest banking fraud in India, state-owned Punjab National Bank today said it has detected a USD 1.77 billion scam in which billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders. PNB has suspended 10 officers over the USD 1.77 billion (about Rs 11,400 crore) scam and referred the matter to CBI for investigation. Financial Services Secretary Rajiv Kumar said this seems to be an isolated case and is not going to impact other lenders.
Case against Oru Adaar Love director on song ‘hurting religious sentiments’
Police have registered a case against the director of a forthcoming Malayalam film over a complaint that the lyrics of a song in “Oru Adaar Love” hurt the religious sentiments of Muslims. The complainants alleged that the song “Manikya Malaraya poovi” in the film written and directed by Omar Lulu had an “objectionable” reference to Prophet Muhammad’s wife. The complaint was filed at the Falaknuma police station here by businessman Zaheer Ali Khan, engineering student Muqeeth Khan and others.
AAP govt seeks more administrative control over Delhi on its third anniversary
On a day it turned three, the Arvind Kejriwal government sought more administrative control over Delhi to run it without the Centre’s “interference”, even though it is yet to fulfil key poll promises such as providing free Wi-Fi and installing CCTV cameras across the city. The AAP government today organised a programme to mark its three years in office, where Kejriwal and his cabinet ministers highlighted their work and fielded questions from social media users and through telephone calls. But the BJP and the Congress attacked Chief Minister Kejriwal, accusing his government of being indulged in corruption.
Isareli PM Netanyahu faces corruption charges, refuses to quit
In a setback to Prime Minister Benjamin Netanyahu, the Israeli police have recommended his indictment in two case of alleged corruption and breach of trust even as the beleaguered leader remained defiant and refused to step down. After a 14-month-long investigation, police announced yesterday that it found enough evidence to recommend the state’s prosecution to indict 68-year-old Netanyahu. Netanyahu, the two time premier, faces prosecution in two corruption cases:
Oppo F5 Limited Edition and A83: Sleek, fast and great snappers
Every now and again, a handset maker teams up with a popular actor or sports personality to create a limited edition smartphone that attracts people’s attention for a short while and then quickly disappears in the rapidly evolving gadget world. In the case of Oppo, limited editions have played an important role in consolidating this Chinese device maker’s position in the market. Its camera phones like F3 Diwali Edition, F5 Deepika Padukone Limited Edition and F3 BCCI edition were immensely appreciated by consumers.