Besides the company, Directors Sabhya Seth, Reeta Seth, Krishna Kumar Singh, Ravi Singh and another company Dwarka Das Seth SEZ Incorporation are named in the FIR. The company availed various credit facilities from the bank between 2007 to 2012, which swelled to around 390 crores during the period.
Meanwhile, Nirav Modi, his uncle Mehul Choksi and others are being investigated by the CBI, ED and the tax department after a bank fraud recently came to light, following a complaint by the PNB that they allegedly cheated the nationalised bank to the tune of Rs 11,400 crore, with the purported involvement of a few employees of the bank.
The CBI filed the case on Thursday to probe Karol Bagh-based Dwarka Das Seth International, engaged in manufacturing/trading of diamond, gold and silver jewellery, which availed various credit facilities from OBC's Greater Kailash-II branch since 2007 by getting Foreign Letters of Credit (FLCs), foreign documentary bill purchase and other instruments. During investigation, it found that Sabhya Seth and other directors and their family members could not be found at their residences for the last 10 months.
A probe by the bank found that the company had indulged in round-tripping of funds through fictitious companies overseas and had utilised funds through discounting bills issued under letters of credit of foreign banks which were either non-existent or had negative ratings.
US medal total at Olympics well short of USOC projections
I chose to practice the events a few times , then go for the gold. "Like (some) advice to help me get better at (certain) things". Coach Lee Barkell praised her competitiveness and toughness but said he'd never seen anything like her performance Friday before.
The bank alleged that proprietor Mr. Sabhya Seth had orchestrated an elaborate plan for duping the bank. The bank claimed in its complaint that Dwarka Das Seth International enjoyed various credit facilities including foreign bill discounting under letters of credit (LCs). The company was also dealing with some companies which are not in existence.
However, the accused managed to get extensions without any receipt of payments from the buyers located overseas under various pretexts.
The bank also wrote to Al-Salam Jewellery of Dubai for clearing Rs83.28 crore in bills.
Principal Financial Group Inc. increased its stake in shares of Valley National Bancorp by 185.6% in the third quarter. Finally, Northern Trust Corp increased its stake in shares of Valley National Bancorp by 15.0% in the second quarter.
Raina, who has been out of the ODI side for a while, may get an opportunity as India struggle to stabilise their middle order. Taking about the 2019 World Cup, he said that there is long road the team has to cover ahead of the tournament.
Two analysts have provided estimates for Petroleo Brasileiro SA Petrobras' earnings, with estimates ranging from $0.07 to $0.33. Barclays Capital maintained PetrÃ³leo Brasileiro S.A. - Petrobras (NYSE:PBR) on Tuesday, August 11 with "Overweight" rating.
A deputy subsequently determined Cruz possessed knives and a BB gun and notified a school resource officer , the document said. During some of the calls - which were handled both in person and on the phone - deputies met Cruz's mother.
He warned parents to periodically check their children's social media account to mitigate threats. "We need to be aware". On Thursday afternoon and into the evening, they identified Wilson and arrested her in the Vinemont investigation.
But her father has ratcheted up tensions during his presidency by engaging in a war of words with North Korean leader Kim Jong-un. The sanctions are meant to exclude the possibility of companies of North Korea to circumvent the existing sanctions regime.
In the wake of the vote, several local businesses have posted stickers on their doors reading "This business serves everyone". Mayor Lynn Spruill, who has expressed sympathy for Starkville Pride's cause, also spoke in favor of the parade.
Grainne Teggart of Amnesty International said the report made it clear that it was the UK's responsibility to take urgent action. Northern Irish women who have been raped, are victims of incest or have fatal foetal abnormalities are not allowed abortions.
Insurgent attacks on Afghan security force facilities have intensified since the end of NATO's combat mission in 2014. The six wounded were transferred to a nearby hospital and two of them are in critical condition, Danish said.
Cops said he confessed his crime after he was questioned by Inspector Lokesh Sagar and his team at the RPF office in Turbhe . The woman had said that when she was with her friends on Carter Road, the accused blocked her path and forcibly kissed her.
Attemptsto contact the yacht directly via radio were unsuccessful and the yacht'stracker failed to update at 12am AWST. A massive search operation is still underway for the sixth crew member despite rough conditions.
AGs refile challenge to net neutrality repeal
The order has galvanized everyone from consumer advocacy groups and attorneys to technology companies and citizen activists. Customers of streaming services like Netflix could see their subscription fees rise if the company chooses to pay more .
Nikolas Cruz appears in Broward County courthouse
However, after being evaluated by Henderson Behavioral Health professionals, the decision was made not to hospitalize him. The couple said that Cruz would never had been in their home if they had known information him that others knew.
Yellow warning for snow in Crawley
He said Eastern counties were most likely to be affected on Monday and the cold conditions would reach a peak on Tuesday. Conditions are expected to remain mainly dry through until Friday and will then begin to worsen over the weekend .
WWE Elimination Chamber 2018: Preview and predictions
Plus, Ronda Rousey will make her WWE career official by signing her contract during a special in-ring segment. -Matt Hardy vs. Dot Net Members will hear the post show audio review hosted by Jake Barnett and I on Sunday night.
Teachers with guns? NYSUT calls proposal 'misguided'
We had a quick breath, and in we went to the last room. "Change the world so that this never happens to anyone". Fortunately, our economy is booming, and we have the resources to protect our schools and our students.