Centre questions maintainability of petitions in PNB scam case

PNB scam: CBI questions former Dy Governor of RBI, Harun Rashid Khan

CBI probing PNB scam seeks info on gold import scheme from RBI officials

In fact, CBI has already registered two FIRs - one on January 31 and another in February - against diamantaire Modi, his relative Mehul Choksi of Gitanjali Gems and others for allegedly defrauding PNB.

Meanwhile, the Ministry of External Affairs, in its written response to a specific query in Lok Sabha, said Nirav Modi is in Hong Kong. "If India makes a relevant request to the HKSAR, we believe HKSAR will follow the basic law and relevant laws and judicial agreements with India with the relevant issue".

In the wake of the PNB fraud, Advocate Vineet Dhanda had filed a PIL which not only sought a direction for initiation of deportation proceedings against Nirav Modi and others allegedly involved in the scam, but also several directives.

China said on Monday the Hong Kong government was equipped to deal with the arrest and extradition of fugitive jeweller Nirav Modi under relevant laws, indicating it was unlikely to directly interfere with the legal process. He detailed the number of properties, assets and bank accounts of Nirav Modi attached by the investigating authorities.

The Special CBI Court on Sunday issued non-bailable warrants against loan fraud accused diamantaires Mehul Choksi and Nirav Modi.

On Feb 14, the CBI received complaints from PNB, which detected a Rs 11,292 crore fraud involving Modi. PNB has said it is working with the investigators and regulators probing the fraud case.

An LoU is a guarantee which is given by an issuing bank to the Indian banks that have branches overseas to grant a short-term credit to the applicant.

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, the officials said.

The Central Bureau of Investigation, CBI, has questioned former deputy governor of Reserve Bank of India - Harun Rashid Khan in its probe into the PNB scam case.

But even as India presses Hong Kong on the arrest, the central government in Beijing could play a decisive role behind-the-scenes.

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