Meanwhile, the CBI has detained Vipul Chitalia, the Vice President of Gitanjali Group of Companies as a part of the probe into the case. He was brought in for questioning to the CBI office from Mumbai Airport.
"We have summoned Mehta (the head of the beleaguered bank) and he is expected to appear before us tomorrow", said an SFIO official.
The Rs 12,636-crore fraud was allegedly perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems. But, in case of a default, the bank that has issued the LoU has to pay the liability to the credit giving bank along with the accruing the interest. "We (the bank) have not issued any Letter of Undertaking (LOU) nor do we have any buyer's credit exposure against LOUs with respect to the Nirav Modi group of companies as well as the Gitanjali Group of companies".
Hundreds Flee Eastern Ghouta as Aid Delivery Stalls
At least 76 pro-regime fighters and 43 rebels from Jaish al-Islam have also been killed in clashes since Feb 25, it said. The Observatory said Turkish forces had advanced to within 12 km (7 miles) of Afrin.
An LoU is a guarantee given by an issuing bank to Indian banks with branches overseas to grant short-term credits to applicants. PNB dropped 2.3% and Axis Bank fell 1.4%, pushing the 10-member S&P Bankex Index to its fifth day of decline.
"The examination of the documents, including the bank's internal inspection report, revealed, inter alia, non-compliance with the directions issued by RBI on KYC norms", RBI said.
The court, set up under the Prevention of Money Laundering Act (PMLA), had issued the NBWs on applications filed by the Enforcement Directorate (ED), one of the agencies probing the bank fraud cases registered in February.
The accused officials of PNB did not enter the instructions for these LoUs in their internal software to avoid scrutiny.
Lawmakers had every opportunity to legislate a fix, but the fate of the Dreamers has proved too divisive for Congress to resolve. She said her life is here in the US and it makes no sense to her that the government is not taking care of her and her people.
By the time he arrived at his home in Gloucester County , New Jersey , he had racked up a fare of $1,635.93, KYW-TV reported . We've covered Uber stories like this one featuring an $18,000 charge ; typically those can be challenged and removed.
Getting a heavy satellite that high uses up a lot of fuel, leaving little leftover for the Falcon 9 to perform a landing. The Hispasat 30W-6 satellite will provide television and broadband coverage to Europe, North Africa, and America .
But US stocks, which had joined global markets in tumbling at the market open, rebounded considerably from their session lows. Declining issues outnumbered advancing ones on the NYSE by a 1.47-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored decliners.
With an arts background - her mother Macy performed in theatre; her father Jervis played jazz - Janney veered towards acting. Allison Janney accepts the best supporting actress Oscar at the Academy Awards on Sunday.
Keenum , for his part, also has several suitors, including the Cleveland Browns , Jets , Vikings and the Broncos. He and fellow Vikings quarterbacks Sam Bradford and Teddy Bridgewater are eligible for unrestricted free agency.
The Secret Service also tweeted that pedestrian and vehicular traffic around the White House has been affected by the incident. President Donald Trump was spending Saturday at his club in Palm Beach, Fla., at the time of the reported gunshot Saturday.
A record 2,208 billionaires made this year's list, with a collective net worth of $9.1 trillion, up from $7.7 trillion last year . The magazine released its annual ranking Tuesday, showing Trump's wealth declining for the second year in a row.
Last year, Smith was detained for "public intoxication" after a vehicle crash with an unmarked police auto . PT Sunday, Smith posted a cryptic photo to his Instagram account, saying: "Wtfoh you all are wrong".
It is expected that the satellite will receive more accurate information on storm disasters such as storms, hurricanes, floods. An on-board thruster then will be used to put the weather station in a circular orbit 22,300 miles above the equator.
Kennedy, O'Rourke and the rising Democratic stars of 2018
If you vote in the Democratic Primary, you will not be eligible to vote in the Republican run-off election, should there be one. Will Hurd's expansive border district that runs from San Antonio to El Paso, all voted for Hillary Clinton over Trump in 2016.
Google is selling Zagat to a restaurant review company
Its Text Rex texting recommendation service staffed by humans recommends restaurants for users' particular occasions or cravings. The search giant instead de-emphasized Zagat's reviews in favor of Google's own collected recommendations, per the Times .
Former Trump Campaign Aide Balks at Mueller Subpoena
During his interview with Tapper, Nunberg said: "I think Mueller has enough on Trump ". "I'm happy if the scope changes", he said. He was sacked from the Trump campaign after Business Insider published a story about racially charged Facebook posts he had made.
Putin flaunted new weapons
In the community left a lot of reviews and residents of the United States of Ukrainian descent. Unfortunately, the USA hasn't developed "a global missile defense system" but we should.
Judge orders 'Pharma Bro' to forfeit $7.3M in fraud case
Former pharmaceutical executive Martin Shkreli has been ordered by a federal judge to forfeit $7.36 million in assets. He also was convicted of fraud for manupulationg stock shares in Retrophin, another drug company he founded.
Trump threatens to tax European cars
In 2014 they were worth almost $38 billion, but that figure declined to just over $22 billion in 2016. If friction gets out of hand, the president's action will cause a meltdown in global trade.
Saudi CP, Sisi hold talks
President El Sisi welcomed Crown Prince Mohammed bin Salman on his first official visit to Egypt as heir to the throne. The Saudi-Egypt causeway or bridge will link the countries between Sinai and northern Saudi Arabia .
Israel PM questioned for first time in corruption case
Protestors shout slogans during a demonstration outside the Israeli Prime Minister's residency in Jerusalem March 2, 2018. The case centers around Netanyahu's previous term as prime minister when he also served as Minister of Communications.