Subhash Shankar Parab was the Deputy General Manager (Finance) in Firestar Diamond, officials said on Tuesday.
Nirav Modi and his uncle Mehul Choksi are accused of committing a Rs 14,000 crore scam by obtaining credit facilities fraudulently from the PNB, a public sector bank.
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.
State-owned Punjab National Bank has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.
Firestar Diamond Inc filed the Chapter 11 voluntary petition in the New York Southern Bankruptcy Court on Monday.
Potential buyers have expressed strong early interest in a bankrupt U.S. firm of jeweller Nirav Modi, who has been accused of involvement in USD two billion bank fraud in India.
The company has listed assets and liabilities in the range of $50 million to $100 million, according to a court filing in the Southern District Of New York on Monday.