ICICI Bank chief Chanda Kochhar and Axis Bank's Shikha Sharma have been summoned by an anti-fraud agency in the bank fraud case involving jeweller Nirav Modi and his partner and uncle Mehul Choksi. ....

The Enforcement Directorate on Thursday attached 41 properties of Mehul Choksi of the Gitanjali Group, worth Rs 1,217 crore, in connection with an ongoing probe into the Rs 12,600 crore Punjab National Bank fraud case. ....

The Income Tax Department on Monday said it has filed six cases for the prosecution of Rotomac owner Vikram Kothari in connection with the Rs 3,695 crore bank loan default case involving Bank of Baroda. ....

In light of the Rs 11,300 crore Punjab National Bank (PNB) scam allegedly involving diamantaire Nirav Modi, Union Finance Minister Arun Jaitley said on Saturday that the discourse needed to move on from ease of doing business to that of Indian industry's responsibility to become ethical in the way it does business. ....

Three fresh cases of financial fraud have come to light after the CBI filed cases against a jeweller, a businessman and a public servant on complaints by three different banks earlier this week, an official said on Saturday. ....

Uber CEO Dara Khosrowshahi, an Iranian-American entrepreneur, on Friday said restrictions on immigration were "bruising" the brand "American Dream", which he said was the "single most incredible brand" in the world. ....

Breaking his silence over the massive PNB scam, Prime Minister Narendra Modi on Friday said that the government will take strong action against those indulging in financial irregularities and asked supervisory agencies responsible to do their job to prevent such frauds. ....

The ED on Friday said it had frozen diamantaire Nirav Modi's bank account and shares worth Rs 43 crore even as the CBI raided his Mumbai-based Kamala Mills firm and seized documents regarding the Rs 11,300 crore Punjab National Bank fraud probe. ....

A CBI court on Friday sent Rotomac owner Vikram Kothari and his son Rahul to one-day transit remand while the Income Tax department seized 12 bank accounts of the group and issued six prosecution against the businessman in connection with the Rs 3,695 crore loan default. ....

The CBI on Thursday arrested Rotomac pen company owner Vikram Kothari and his son Rahul on charges of cheating a consortium of banks of Rs 3,695 crore (including interest) by siphoning off loans sanctioned to his company for procurement of wheat and other goods for export. ....