- Tag results for PNB Scam
A case of diversion of diamonds and pearls from Special Economic Zone units in Surat by Modi was booked in December 2014, by the DRI, Mumbai Zonal Unit.
Chief Judicial Magistrate B H Kapadia declared Modi an absconder in a case filed against him in December 2014 by the Mumbai zonal unit of the DRI.
Justice Manmohan Singh, chairman of Appellate Tribunal on Prevention of Money Laundering Act, said Nirav Modi is "not trustworthy" as he had fled from the country.
In mid-February, Modi's aides packed cartons of documents at one of his diamond firm’s offices in Mumbai and sent them to CAM’s office nearby, from where police seized them within a week on Feb.
The bench also directed the Maharashtra government to file an affidavit detailing the findings of the inquiry and the remedial steps initiated by the state.
Randeep Surjewala showed a video interview of Mehul Choksi, in which he claims that Indian authorities had sent him an email suspending his passport.
The ED said the proceeds of crime of money laundering in this case involving Choksi were "partly remitted back to Gitanjali group of companies" in India in guise of export-import transactions.
Prime accused in the over USD 2 billion Punjab National Bank scam along with his nephew Nirav Modi, Choksi is absconding and is currently in Antigua.
The notice, which acts as an international arrest warrant, states that Purvi Deepak Modi, 44, is required on charges of "money laundering".
India, on September 1, had submitted a second extradition request to Antigua and Barbuda Government for the extradition of Choksi, who has acquired Antiguan citizenship.
The RCN request was put on hold by the Interpol after a representation by Choksi during which he had alleged that the cases against him were a result of political conspiracy.
Official sources said the ED will now move to seize 41 properties worth about Rs 1,210 crore owned by diamond jeweller Mehul Choksi and put up its possession signages at these locations.
Indian High Commissioner in Guyana, Venkatachalam Mahalingam, visited St. John's, capital of Antigua and Barbuda on August 30, for the third time in recent weeks to meet senior Government officials.
The Congress today alleged that the Prime Minister's Office overlooked complaints against PNB scam accused Mehul Choksi and "facilitated" his escape from the country.