Nirav Modi refuses to join CBI probe, says he is busy with his business abroad

PNB and Nirav Modi

New Delhi, March 1: Diamantaire Nirav Modi has refused to join CBI probe into an alleged fraud involving his firms and the state lender, Punjab National Bank, citing he has business abroad.

The Central Bureau of Investigation had summoned Modi on his official email address few days back to appear before the agency for questioning in connection with the fraud.

Without disclosing his location, Modi replied, “I have business to run here. Won’t be able to join”, The Times of India reported.

After receiving Modi’s reply on Wednesday, the probe agency again wrote to him and asked him to contact the Indian high commission in the country he was staying in so that he could be brought to India.

“It is compulsory for all the accused to join the investigation,” CBI said and asked the Celebrity Jeweller to appear before it next week.

The CBI on Wednesday arrested an Internal Chief Auditor of Punjab National Bank in an ongoing investigation of the cases related to Nirav Modi group and Gitanjali group.

As per the CBI official, Sharma was allegedly responsible for auditing the systems and practices of PNB, Brady House Branch in Mumbai and report the deficiencies to Zonal Audit Office.

Diamantaire Modi and owner of Gitanjali Gems, Mehul Choksi have been accused of defrauding the PNB of Rs 12,600 crore, with Rs 1,300 being added to the fraud kitty on late Monday.

Earlier, the detected amount was Rs 11,300 crore.

The CBI had lodged the first FIR in the fraud on February 14 against Nirav Modi, his wife Ami, brother Nishal, uncle Mehul Choksi and his companies named Diamond R US, Solar Exports and Stellar Diamond.

Nirav Modi, his family and Choksi left the country in early January.

The CBI filed the second FIR on February 15 for Rs 4,886.72 crore fraud against the Gitanjali Group headed by Mehul Choksi.

The official said CBI had written to the Chief Vigilance Officers of five banks to share details of money credited to Nostro accounts of PNB on receiving Letters of Understanding and Foreign Letters of Credit, which were then withdrawn by Nirav and Choksi’s group as buyers’ credit.

So far, the probe agency has arrested 12 persons in the case.


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