Latest news with #Zani
Time of India
16-05-2025
- Business
- Time of India
UK HC rejected Nirav Modi's bail keeping in mind sheer quantum of fraud: ED
The Enforcement Directorate on Friday said the High Court in UK again rejected bail to fugitive diamond trader Nirav Modi keeping in view the "sheer quantum of fraud" involved in this case and added that extradition proceedings against him were at a "final" stage. Nirav Modi was arrested by the Scotland Yard Police on March 19, 2019 and is currently lodged in jail in that country. " UK High Court has once again refused bail to Nirav Modi, the mastermind of USD 1 billion fraud against PNB, hearing his 4th bail application on Thursday (15.05.2025)," the federal agency said in a statement. After thorough deliberation of arguments of the defence (Nirav Modi) with counter arguments of prosecution (Indian government), written submissions made by the ED, which highlighted the money laundering aspects by using shell companies to launder the proceeds to jurisdictions abroad including UK, and keeping in view the sheer quantum of fraud, the UK High Court rejecting the application, denied bail to Nirav Modi, it said. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Arvind Forest Trails Villas from ₹3.09 Cr in Bengaluru Avind Forest Trails Book Now Undo The ED said a part of the defrauded amount that was attached and seized by it has been restituted (restored) to the victim banks. The ED said Nirav Modi had made attempts to obtain bail from UK Westminster Magistrate Court on six occasions and three times from the UK High Court. Live Events However, bail to Nirav Modi was denied on each such occasion from the respective UK courts, it said. The agency said the diamantaire filed his fourth bail plea before the UK High Court of Justice King's bench on March 21 citing significant lapse of time and on grounds of health as he challenged the order of UK District Judge Zani dated May 7, 2024 in which he was denied bail. As part of proceedings in this application, the bail plea was comprehensively heard, wherein the government of India (through CPS Counsel team and officials of ED other agencies) "strongly" opposed granting of bail to Nirav Modi, leading to a favourable outcome for India, it said. The money laundering case of the ED was booked on February 14, 2018 on the basis of a CBI FIR that alleged a fraud of Rs 6,498.20 crore (USD 1.015 billion) at the Brady House branch of the Punjab National Bank (PNB). The agency had attached assets, both in India and abroad, worth Rs 2,626.62 crore in this case till now and has filed two chargesheets naming Modi and 35 other accused. The ED also has confiscated movable and immovable assets of Nirav Modi and his associates worth Rs 692.90 crore under the Fugitive Economic Offenders Act of 2018 after a Mumbai court declared him a Fugitive Economic Offender. Out of the total attached/seized properties, assets to the tune of Rs 1,052.42 crore have been successfully restored to the victim banks (PNB consortium banks) till now, it said. Nirav's uncle Mehul Choksi , a co-accused in the PNB fraud case, was arrested by the authorities in Belgium where he had gone for treatment, it said. The duo has been accused of siphoning off over Rs 13,000 crore from the PNB using fraudulent letters of undertaking and foreign letters of credit.
Economic Times
16-05-2025
- Business
- Economic Times
UK HC rejected Nirav Modi's bail keeping in mind sheer quantum of fraud: ED
The Enforcement Directorate on Friday said the High Court in UK again rejected bail to fugitive diamond trader Nirav Modi keeping in view the "sheer quantum of fraud" involved in this case and added that extradition proceedings against him were at a "final" stage. Nirav Modi was arrested by the Scotland Yard Police on March 19, 2019 and is currently lodged in jail in that country. "UK High Court has once again refused bail to Nirav Modi, the mastermind of USD 1 billion fraud against PNB, hearing his 4th bail application on Thursday (15.05.2025)," the federal agency said in a statement. After thorough deliberation of arguments of the defence (Nirav Modi) with counter arguments of prosecution (Indian government), written submissions made by the ED, which highlighted the money laundering aspects by using shell companies to launder the proceeds to jurisdictions abroad including UK, and keeping in view the sheer quantum of fraud, the UK High Court rejecting the application, denied bail to Nirav Modi, it said. The ED said a part of the defrauded amount that was attached and seized by it has been restituted (restored) to the victim banks. The ED said Nirav Modi had made attempts to obtain bail from UK Westminster Magistrate Court on six occasions and three times from the UK High Court. However, bail to Nirav Modi was denied on each such occasion from the respective UK courts, it said. The agency said the diamantaire filed his fourth bail plea before the UK High Court of Justice King's bench on March 21 citing significant lapse of time and on grounds of health as he challenged the order of UK District Judge Zani dated May 7, 2024 in which he was denied bail. As part of proceedings in this application, the bail plea was comprehensively heard, wherein the government of India (through CPS Counsel team and officials of ED other agencies) "strongly" opposed granting of bail to Nirav Modi, leading to a favourable outcome for India, it said. The money laundering case of the ED was booked on February 14, 2018 on the basis of a CBI FIR that alleged a fraud of Rs 6,498.20 crore (USD 1.015 billion) at the Brady House branch of the Punjab National Bank (PNB). The agency had attached assets, both in India and abroad, worth Rs 2,626.62 crore in this case till now and has filed two chargesheets naming Modi and 35 other accused. The ED also has confiscated movable and immovable assets of Nirav Modi and his associates worth Rs 692.90 crore under the Fugitive Economic Offenders Act of 2018 after a Mumbai court declared him a Fugitive Economic Offender. Out of the total attached/seized properties, assets to the tune of Rs 1,052.42 crore have been successfully restored to the victim banks (PNB consortium banks) till now, it said. Nirav's uncle Mehul Choksi, a co-accused in the PNB fraud case, was arrested by the authorities in Belgium where he had gone for treatment, it said. The duo has been accused of siphoning off over Rs 13,000 crore from the PNB using fraudulent letters of undertaking and foreign letters of credit.
Time of India
29-04-2025
- Entertainment
- Time of India
Is Zani worth a pull in Wuthering Waves: What you need to know
With the Wuthering Waves 2.3 update, Zani has emerged as the Spectro Gauntlet DPS, bringing a fresh playstyle to the game. Her damage hinges on the Spectro Frazzle mechanic, while her explosive combat style and striking design turn heads. Tired of too many ads? go ad free now Zani's visibility depends on the team synergy and the players' playstyle preferences. But with the limited resources, should players pull for Zani? Here is the breakdown of her strengths, weaknesses, and whether or not she will fit into your team. Understanding Playstyle and strength: Is Zani worth a pull? Is Zani a MUST PULL? Or Skip? | Wuthering Waves The appeal of Zani is in her unique role as the high-damage Spectro specialist. Unlike the burst-focused DPS units, she thrives upon prolonged fights, stacking the Spectro Frazzle to wear down her enemies. Her kit revolves around the parrying attacks. It converts the Spectro Frazzle stacks to Heliacal Embers and unleashes heavy slashes in Zani Inferno Mode . Zani is tankier than most DPS units, and visually, she is a standout as her ultimate can unleash fiery animations, swapping the attire in the middle of the battle for cinematic flair. Thanks to her blocking mechanics, she is forgiving within the combat. If you, as a player, enjoy the technical and counter-heavy gameplay , she is a rewarding choice. Zani's power comes with caveats. She requires Phoebe, another 5-star, to maximize the Spectro Frazzle stacks efficiently. Without her, the players must rely on Free Spectro Rover, who struggles with the endgame content. Such dependency can make Zani a costly pull for free-to-play gamers. So, if you are not ready to make an investment in Phoebe, the potential of Zani plummets. Mastering Zani and her high-risk-reward playstyle Zani's gameplay revolves around timing and parrying. Tired of too many ads? go ad free now To successfully block the attacks, charge her Redundant Energy. It enables her to develop powerful, transformed skills. At full energy, Zanis Resonance skill becomes the shield-breaking counter. Ultimate Zani Inferno Mode, on the other hand, unleashes the sweeping greatsword combo. The mechanics reward the skilled players, but they punish the hesitation or, rather, the passive enemies. The mistimed parries can even leave Zari vulnerable. Team building is quite demanding here. Pairing Phoebe and Zani will ensure consistent Spectro Frazzle application, while a healer like Baizhi will offset Zani's close-range risks. For the F2P players, Verina and Spectro Rover offer workable but less potent alternatives. Zani excels within sustained battles, but she falters in the speedruns that dominate the burst damage. Is Zani worth a pull? You can pull Zani if you lack the strong Spectro DPS or if you enjoy the counter-based combat. You can also do so if you are willing to build Spectro Rover or Phoebe alongside her. Zani's design and playstyle are top-tier, but her reliance on parry mechanics and Phoebe narrows down her appeal. You can skip Zani if you prefer the simple and burst-heavy DPS or if you do not want to invest within Frazzle teams. Also, skip the character if you have Jinhsi built. Remember, Zani is not the must-pull meta-breaker. However, she is a fun and highly skilled DPS. If her mechanics appeal to you, she is worth investing in. Just build her team right.
Time of India
25-04-2025
- Entertainment
- Time of India
Wuthering Waves Anniversary Banners: Every Wuthering Waves anniversary banner explained
With the highly anticipated Version 2.3 update, Wuthering Waves fans will be getting special anniversary banners. In the world of gacha game, Wuthering Waves holds a special place. Tired of too many ads? go ad free now However, this wasn't the case from the very beginning as the game initially faced huge performance issues. With subsequent updates, the developer Kuro Game has managed to cross all the barriers and made this title one of the best gacha games right now. That is why, the whole community is now eagerly awaiting Version 2.3 update, and its banners, of course. Wuthering Waves: All the anniversary banners in the Version 2.3 update WuWa's Anniversary Banners Are Stacked!! Which Characters Should You Prioritise?! | Wuthering Waves Just like any other gacha game, Wuthering Waves also follows the banner system. So, what is it? Actually these banners are known as Convenes, by which you can obtain high-value in-game rewards like weapons and Resonators. You can purchase banners with the in-game currency named Tides. Now, on the occasion of Wuthering Wave's first anniversary on April 29, Kuro Games is going to release two special banners. With each of them, you can get five limited resonators. The date also coincides with the Version 2.3 update and as well. The upcoming update will bring the Zani banner in the first half, whereas Ciaccona's banner will come in the second half. Along with it, two special anniversary banners will be there as well with five limited characters each from those two. Players will have an option to increase the odds to get any of the 5-Star characters . The story doesn't end here. Players can also get another exclusive banner which will grant signature weapons to their characters. Let's take a look at all the banners in the upcoming update: Phase 1 Version 2.3 update Banners Zani (5-Star, Spectro, Gauntlets) Lumi (4-Star, Electro, Broadblade) Taoqi (4-Star, Havoc, Broadblade) Yuanwu (4-Star, Electro, Gauntlets) Special Anniversary Banners Jiyan (5-Star, Aero, Broadblade) Yinlin (5-Star, Electro, Rectifier) Zhezhi (5-Star, Glacio, Rectifier) Xiangli Yao (5-Star, Electro, Gauntlets) Phoebe (5-Star, Spectro, Rectifier) Phase 2 Version 2.3 update Banners Ciaccona (5-Star, Aero, Pistols) Danjin (4-Star, Havoc, Sword) Yangyang (4-Star, Aero, Sword) Mortefi (4-Star, Fusion, Pistols) Special Anniversary Banners Jinhsi (5-Star, Spectro, Broadblade) Changli (5-Star, Fusion, Sword) Carlotta (5-Star, Glacio, Pistols) Roccia (5-Star, Havoc, Gauntlets) Brant (5-Star, Fusion, Sword) All these banners are dropping on April 29, 2025. Read More:
Time of India
21-04-2025
- Entertainment
- Time of India
Wuthering Waves 2.3 Banners schedule: What's coming and when?
Wuthering Waves Version 2.3 is almost here, and fans are in for a huge treat. Launching on April 29, 2025 (UTC+8), this update isn't just another patch—it's the game's first anniversary celebration and it's packed with banners, rewards, and long-awaited characters. Tired of too many ads? go ad free now If you've been saving your pulls, this is the moment you've been waiting for. Here's the full Wuthering Waves 2.3 banners schedule, so you know exactly when and what to expect. 1st Anniversary Update – Banners, Events & FREE Rewards! - Wuthering Waves 2.3 Anniversary Banners Take Center Stage Wuthering Waves 2.3 introduces two special anniversary banners—and they're stacked . Each banner features five limited 5-star characters, and here's the kicker: you get to choose which one you want a higher chance to pull. Yes, really. Here's what makes these banners even more generous: Shared 5-star guarantee count across banners You can change your chosen 5-star target at any point Tons of free pulls and event rewards to go with it A brand-new Wings skin reward Companion stories for Zani and Ciaccona More lore and events continuing the Rinascita arc It's clear Kuro Games is going all out for the anniversary—and honestly, it feels like the perfect time to dive in or return. Two Phases, Two Big Names Version 2.3 will feature two limited-time character banners, split into two phases—each headlined by a powerful new 5-star Resonator. Phase 1 Banners (April 29 Onwards) The first half of the update will feature Zani, one of the most anticipated Resonators since the game's early days. Headliner: Zani (5★, Spectro, Gauntlets) 4-Star Rate-Ups: Taoqi (Havoc, Broadblade) Yuanwu (Electro, Gauntlets) Lumi (Electro, Broadblade) Zani is arguably the most hyped character of this patch, especially for players who followed the Rinascita content. If you're eyeing her, this is your shot. Phase 2 Banners (Mid-May) The second phase will spotlight Ciaccona, bringing her elegant, pistol-wielding style to the field. Headliner: Ciaccona (5★, Aero, Pistols) 4-Star Rate-Ups: Danjin (Havoc, Sword) Yangyang (Aero, Sword) Mortefi (Fusion, Pistols) Ciaccona brings a fresh flavor to the game with her dual pistols and Aero abilities. Her companion story will also drop during this phase, making her banner feel even more immersive. Wuwa 2.3 Stream Recap & Anniversary Banners Explained in 6 Minutes Anniversary Banners: Double the Fun In celebration of Wuthering Waves' first birthday, players will also get access to two special Anniversary banners. Tired of too many ads? go ad free now These banners are packed with five limited 5-star characters each, and here's the kicker—you can choose your rate-up target. Anniversary Banner - Phase 1 Jiyan (Aero, Broadblade) Yinlin (Electro, Rectifier) Zhezhi (Glacio, Rectifier) Xiangli Yao (Electro, Gauntlets) Phoebe (Spectro, Rectifier) Anniversary Banner - Phase 2 Jinhsi (Spectro, Broadblade) Changli (Fusion, Sword) Carlotta (Glacio, Pistols) Roccia (Havoc, Gauntlets) Brant (Fusion, Sword) Final Thoughts Wuthering Waves 2.3 is shaping up to be one of the most generous and exciting updates yet. With double banners, player choice, and anniversary perks, it's the perfect time to dive back in or start fresh. Make sure to log in on April 29 and take full advantage of everything Version 2.3 has to offer!
