New Delhi, March 8: The Central Bureau of Investigation on Thursday registered a fresh case against jeweler Nirav Modi for causing a loss of Rs 321 crore to public lender Punjab National Bank (PNB) by availing different credit facilities between 2013 and 2017.
The case was registered after the bureau received a fresh complaint from the PNB on Sunday, news agency IANS reported citing a Central Bureau of Investigation official as saying.
Former finance president of Nirav Modi’ Firestar Diamonds International Ltd. Vipul Ambani, chief finance officer Ravi Gupta, other directors and officials of the firm, and unidentified public servants of the bank were also named in the complaint.
In its complaint to the probe agency, the bank alleged that during its internal investigation it had spotted circular transactions between the diamantaire promoted partnership firms namely — Solar Exports, Stellar Diamonds and Diamond R Us — and Firestar group of companies.
The head office of the bank had designated the accounts of Firestar Diamonds and Firestar International as fraud and reported it to the Reserve Bank of India on Sunday, it said.
Nirav Modi, along with his uncle and business associate Mehul Choksi of Gitanjali Group, has been accused of defrauding the PNB of Rs 12,600 crore, with Rs 1,300 crore being added to the fraud kitty on February 26.
The CBI had registered the first FIR in the fraud on February 14 against Nirav Modi, his wife Ami, brother Nishal, Choksi and his firms Diamond R US, Solar Exports and Stellar Diamond.
Modi, his family, and Choksi had fled from the country in early January.
The CBI filed a second FIR on February 15 over a Rs 4,886.72-crore fraud against Choksi’s Gitanjali Group.
So far, the Enforcement Directorate (ED) has conducted searches at over 198 locations across the country and seized properties worth nearly Rs 6,000 crore, while the CBI has arrested at least 19 persons in the case.