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An official from the Bank told ANI that it would approach the courts of other countries where Nirav Modi and his uncle, Mehul Choksi have assets and businesses.
The mission was launched in May 2017 and had consistently delivered positive results with an average recovery of Rs 150 crore from the initiative.
Does my involvement in Mehul Choksi's case make me criminal? asks Congress candidate HS Chandramouli
Chandramouli said that he as a senior advocate, have fought cases for B S Yeddyurappa, K G Bopaiah and others, irrespective of which party they belonged to.
Nirav Modi fraud: Chartered accountants body sends notices to statutory auditors of PNB's Brady House branch
Following the disclosure of the fraud by PNB, ICAI had formed a high-level group to study systemic issues involved in the scam.
The complaint has been registered against the company's directors, and other unknown public servants/private persons on the allegations of defrauding PNB and five other banks.
AIBEA General Secretary said ever since PNB-diamantaire Nirav Modi's Scam came to light, there has been strong voice from different corners demanding privatisation of PSBs
The agency is focusing on the execution of Letters of Undertaking fraudulently issued by PNB's Brady House branch in favour of foreign branches of Indian banks.
Earlier this week, China said that Hong Kong can accede to India's request to arrest fugitive Indian diamond merchant Nirav Modi based on local laws and mutual judicial assistance agreements.
The authorities have arrested 20 people, and a court has issued non-bailable warrants against jewellers Nirav Modi and his uncle Mehul Choksi.
A special CBI court issued a non-bailable warrant today against diamond merchant Mehul Choksi, one of the key accused in the multi-crore PNB loan fraud.
The CBI today questioned three officials from foreign branches of Indian banks for extending credit facilities to companies of absconding billionaire jewellers Nirav Modi and Mehul Choksi.
Expressing "serious concern" over Modi's statement that he will not submit to jurisdiction of Indian agencies or courts, the court said that they were dealing with a fugitive here according to ED.
The non-compliance of the advice has been mentioned in the CVC's annual report for 2017 tabled in Parliament recently.
Nirav Modi and his uncle Mehul Choksi, in connivance with certain bank officials, allegedly cheated PNB of over Rs 13,000 crore through fraudulent Letters of Undertaking (LoUs).
State-owned Punjab National Bank has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.