The zeros are multiple and they just don’t seem to end. At last count, it was pegged at INR.11400 crores (roughly $ 1.77 billion) and is seen as the largest banking swindle that has hit India in recent times, thanks to some suave duping self-anointed haut diamantaire named Nirav Modi. Indeed, such a gem of a fraud!
True to tradition, Nirav Modi (aka NiMo) has flown out of the country well in time and presumably landed in New York City, watching the fun on TV. Knives are drawn and politicians of all hues and tinges are doing what they do best — playing politics. Meanwhile the average depositor of Punjab National Bank, (the government bank which has been primarily defrauded ), is queuing up more worried about AADHAAR number linkages with their bank accounts …
By Deepak Chitnis
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Featured Press Release
12 Feb 2018, Bengaluru – On 9th Feb 2018, the Small Scale Sustainable Infrastructure Development Fund (S3IDF) signed a memorandum of understanding with the Smart Andhra Pradesh Foundation (SAPF) at Vijayawada …
The Purpose Prize is the nation’s preeminent large-scale investment in people over 60 who are combining their passion and experience for social good. S3IDF’s Founder and Executive Director, Dr. Russell J. deLucia, was selected as a 2014 Purpose Prize Fellow.
In 2008, S3IDF won a Top Innovation Award for its Social Merchant Bank Approach in the Clean Energy Finance Solutions category at the Asia Clean Energy Forum (ACEF). ACEF is a joint effort of the Asian Development Bank (ADB); United States Agency for International Development (USAID); the Asia-Pacific Partnership on Clean Development and Climate; the Asia-Pacific Economic Cooperation; the Governments of Australia, Japan, Spain, and Norway; and other co-sponsors.
S3IDF won the World Clean Energy Award in the NGO and Initiatives category in 2007 for its lighting initiatives in southern India. It was nominated by the Worldwatch Institute and selected by a jury with representatives from the World Economic Forum, WWF International, and the United Nations Environment Program.