Non-bailable warrants issued against Nirav Modi, Mehul Choksi

 

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An uncommon CBI court here on Sunday issued non-bailable warrants (NBWs)against diamantaire Nirav Modi and his uncle Mehul Choksi regarding Rs 13,500 crore Punjab National Bank (PNB) extortion.

The court’s turn comes following Central Bureau of Investigation (CBI) ask for as both the jewel dealers, who left the nation in January, declined to join the examination in cases identified with the trick.

In the interim, the CBI kept scrutinizing the officers of abroad branches of Indian banks that expanded claimed credit offices based on Letters of Undertaking (LoUs) issued by the PNB to firms identified with Modi and Choksi- – the promoter of Gitanjali Group.

The CBI said “the officer who managed forex exchanges in Allahabad Bank’s Hong Kong Branch, has been summoned from Hong Kong and is being addressed”.Modi, a general on the arrangements of rich and well known Indians since 2013, alongside his gathering organizations – Diamond R US, Stellar Diamond and Solar Exports, and uncle and business accomplice Choksi and others have been named.Read More

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