Scam Archive

107 companies and 7 LLPs under SFIO scanner in PNB fraud case

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107 companies and 7 LLPs under SFIO scanner in PNB fraud case  The Government has ordered investigation into the affairs of 107 companies and 7 LLPs under the provisions of Section 212(1)(c) of the Companies Act, 2013 and Section 43(3)(c)(i) of Limited Liability Partnership Act, 2008. The investigation has

 

PNB Scam quantum can increase by Rs. 1300 more

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PNB Scam quantum can increase by Rs. 1300 more The Punjab National Bank has reported to the Stock Exchanges that the quantum of reported unauthorized transactions can increase by USD 204. 25 Mio (approx). The above price sensitive information was submitted in terms of regulation 30 of SEBI (LODR) Regulations 2015. 

 

We followed law-PNB response on media report quoting Nirav Modi that Bank closed all option to recover dues

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We followed law-PNB response on media report quoting Nirav Modi that Bank closed  all option to recover dues by going public. Punjab National Bank in its clarification submitted to BSE and NSE has stated that it has followed lawful avenues available as per law of land to recover its dues.

 

Bank has enough assets to meet any liability decided as per law-PNB

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Bank has enough assets to meet any liability decided as per law-PNB Punjab National Bank (PNB) in its latest communication to Bombay Stock Exchange (BSE) has provided the following clarifications with reference to various queries raised by BSE and NSE based on the media report. Sl. No. Query Response 1.

 

Govt. denies news that Income Tax Department has estimated more than $3 billion loss to Indian Banks due to PNB fraud

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Govt. denies news that Income Tax Department has estimated more than $3 billion loss to Indian Banks due to PNB fraud  Finance Ministry has denied the news appearing in certain section of media that Tax Department has estimated that Indian banks could take a hit of more than $3

 

PNB denies receiving instructions from Government for conducting forensic audit.

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PNB denies receiving Govt. instructions for conducting forensic audit.  Punjab National Bank (PNB) in its latest communication to Bombay Stock Exchange (BSE) has informed that the bank has not received any instruction from any investigating/Govt. authority for conducting forensic audit. This reply was made in with reference to the

 

NSDL Fake Calls-Collection for PAN application processing or asking bank or credit-debit card details over phone or e-mail-warning

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NSDL Fake Calls-Collection for PAN application processing or asking bank or credit-debit card details from the applicants over phone or e-mail-warning CAUTION NOTICE This Caution Notice is issued to inform that NSDL e-Gov does not make any calls for recovery / collection of amounts for issuance of PAN/processing PAN