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The Indian Express October 26, 2018  Rashmi Rajput THE CBI on Thursday told a special court that the Union government has granted sanction to prosecute Punjab National Bank Executive Director K V Brahmaji Rao, facing charges in the alleged multi-crore PNB fraud, paving way for Rao to now stand trial like the other chargesheeted accused. In August, the government had given sanction for prosecution of former PNB CEO Usha Ananthasubramanian and executive director Sanjiv Sharan — both accused in the alleged Rs 13,578 crore fraud caused by wanted diamantaire  Nirav Modi  and jeweller Mehul Choksi. The agency had sent repeated reminders to the government for sanction to prosecute Rao. “Earlier this week, we had received prosecution sanction from the government on Rao and it has been communicated to the court. Now, with the sanction in place, Rao like others would also stand trial,” a senior official said. In its two chargesheets filed in the case (accessed by The In...

  The Dawn  October 26, 2018 Malik Asad The Jamaatud Dawa (JuD) and Falah-i-Insaniyat Foundation (FIF) headed by Hafiz Mohammad Saeed are no more on the list of banned outfits after the presidential ordinance that proscribed them under a UN resolution lapsed. During the hearing on Thursday of a petition filed by Hafiz Saeed, his counsel informed the Islamabad High Court that the presidential ordinance had lapsed and it had never been extended. The petitioner had challenged the ordinance under which his organisations had been banned for being on the watch list of the United Nations Security Council. In February this year, former president Mamnoon Hussain promulgated an ordinance amending the Anti-Terrorism Act, 1997, with regards to proscription of terrorist individuals and organisations to include entities listed by the UN Security Council — in a move to declare JuD and FIF as proscribed groups. Hafiz Saeed’s counsel Raja Rizwan Abbasi and Sohail Warraich appear...

The Asian Age    Oct 26, 2018 The Enforcement Directorate (ED) on Thursday attached valuables and jewellery worth Rs 255 crore in Hong Kong of diamond jeweller Nirav Modi in connection with the multi-crore Punjab National Bank fraud case. The agency said it has issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attachment of these assets. “The said valuables were exported through 26 shipments by Dubai based companies of Nirav Modi to the Hong Kong based companies controlled by him after the registration of the case (PNB money laundering) in India,” it said. These valuables, diamonds and jewellery were lying in a logistics company vault in Hong Kong, the agency said. “Details like value, consignee, shipper, ownership among others of these shipments were obtained during investigation and after gathering the evidences of ownership and value of the goods, the same have been attached,” said the agency. The value of the attached assets is ...