New Delhi, May 24: The Enforcement Directorate (ED) on Thursday lodged its first charge sheet in connection with multi-crore Punjab National Bank (PNB) fraud case involving diamantaire Nirav Modi and his associates.
Citing officials news agency PTI reported “According to them, the 12,000-page ED chargesheet, or the prosecution complaint, has been filed before a special court here under various sections of the Prevention of Money Laundering Act (PMLA). The criminal complaint has been filed against Nirav Modi, his associates and businesses and the entire gamut of issuance of fake Letters of Undertaking (LoUs) by Punjab National Bank (PNB) to his firms in alleged connivance of bank officials”.
Enforcement Directorate files prosecution complaint/chargesheet in #PNBScam case. Nirav Modi and his associates charged under various sections of Prevention of Money Laundering Act. pic.twitter.com/tl02sbI9J0
— ANI (@ANI) May 24, 2018
Apart from this, the ED chargesheet also details the attachments made by the agency against the diamond trader and his associates in the last few months after it first registered an FIR in the PNB fraud case.
It focuses on the money laundering aspect and the role of Nirav Modi and others in perpetrating the alleged fraud, a senior official asserted.
Nirav Modi, who is absconding and has not joined the ED investigation yet, and others are being probed under various criminal laws after PNB detected the fraud in February this year.
The nationalised bank said Modi and his associates cheated it to the tune of over Rs13,000 crore, with the purported involvement of a few employees of the lender.