Mumbai, Apr 8: A Central Bureau of Investigation (CBI) special court in Mumbai issued non-bailable warrants (NBW) against billionaire diamantaire Nirav Modi and his uncle Mehul Choksi in connection with the cases related to over USD 2 billion banking fraud in the Punjab National Bank (PNB) on Sunday.
The special court has allowed the application of the agency for the issuance of NBWs against Modi and Choksi who had repeatedly refused to join the investigation in the scam, considered the biggest in the banking history of the country, a PTI report said. Notably, the agency had written to Modi and Choksi to join probe on their official e-mail ids but they have refused to join it citing business engagements and health issues.
The Managing Director and Chief Executive Officer of PNB, Sunil Mehta had said that the worst is over for PNB and it will come out of the mess created by the Nirav Modi fraud case in six months.
Meanwhile, the government has claimed to have tracked Modi in Hong Kong where it has sent a request for his provisional arrest.
Earlier last month, Defence Minister Nirmala Sitharaman had said that the government will bring back the alleged kingpin of the largest banking scam in India Nirav Modi and Mehul Choksi. “We have to be careful that the system doesn’t allow such loopholes. Nirav Modi and Mehul Choksi have not gotten away, they ran away and we will get them back,” Sitharaman said while speaking at the fourth edition of Times Network’s India Economic Conclave in March.
The central probe agency has filed two money laundering FIRs against Modi and his uncle and Gitanjali Gems promoter Mehul Choksi to probe the alleged over Rs 13,000 crore fraud in the Punjab National Bank (PNB). It has conducted a total of 251 country-wide searches in the case after it began the criminal probe against the accused in February.
The total seizure and attachment of diamond, gold, precious and semi-precious stones and other movable and immovable assets in the case stand at Rs 7,664 crore.
Modi (46), a regular feature on the lists of rich and famous Indians since 2013, was booked by the CBI, along with his wife, brother and Choksi for allegedly cheating the state-run PNB.