Gold Silver Reports (GSR) — Nirav Modi in connection with a money laundering case related to the $2 billion Punjab National Bank loan fraud, officials said.
Money Laundering
India Anti-Money-Laundering Rule Reversal
Gold Silver Reports – India Anti-Money-Laundering Rule Reversal – Shares of jewelers climbed in India after the government withdrew an order that brought the industry under anti money-laundering legislation, a move that comes just as gold buying improves before the Hindu festival of Diwali, the peak season for demand.