‘Won’t Believe Excuses Made by Nirav Modi, Mehul Choksi’: CBI
The Central Bureau of Investigation (CBI) on Thursday, 8 March, rubbished the ‘excuses’ given by the Punjab National Bank (PNB) scam accused Mehul Choksi and Nirav Modi for not being able to return to India, reported ANI.
CBI also registered fresh cases against two firms of Nirav Modi in the Rs 12,700 crore PNB fraud.
The CBI statement comes after Choksi, in his seven-page letter to the Central Bureau of Investigation (CBI), refused to appear before the agency on the grounds of “persisting health problems.”
Choksi wrote the letter as a reply to a summon served to him by the CBI to appear before it on Wednesday, 7 March.
He said he had “a cardiac procedure which was conducted in the first week of February 2018,” adding that he was not allowed to travel.
Fresh Case Registered Against Nirav Modi
The CBI on Thursday said that it has registered a fresh case against Nirav Modi for causing a loss of Rs 321 crore to PNB by availing different credit facilities between 2013 and 2017, reported IANS.
According to a CBI official, the case was registered after the bureau received a fresh complaint from the PNB on Sunday, 4 March.
Former finance president of Nirav Modi's Firestar Diamonds International Ltd, Vipul Ambani, chief finance officer Ravi Gupta, other directors and officials of the company, and unidentified public servants of the bank were also named in the complaint, they said.
In its complaint to the CBI, the bank alleged that during its internal investigation it had spotted circular transactions between Modi’s promoted partnership firms namely Solar Exports, Stellar Diamonds and Diamond R Us, and Firestar group of companies.
The head office of the bank had declared the accounts of Firestar Diamonds and Firestar International as fraud and reported it to the Reserve Bank of India on Sunday, it said.
(With inputs from ANI and IANS)
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