He carried out transactions during the period of investigation and his selling crossed 2 per cent of total shareholding in the company.
Choksi and 13 other entities, including eight individuals and five companies, have been charged under section 4 of PMLA, 2002 Act for the offence of money laundering.
Choksi's lawyer Sanjay Abbot moved the application before special CBI court judge J C Jagdale. In the application, he claimed that he cannot travel because of his medical condition.
Nirav Modi is in London trying to claim asylum from what he calls 'political persecution'.
The Ministry of External Affairs has submitted a request to Hong Kong authorities for provisional arrest of Nirav Modi, wanted in connection with PNB loan fraud.
Modi and Choksi, promoter of Gitanjali Group, are accused in the fraudulent issuance of Letters of Undertaking and Letters of Credit worth Rs 12,636 crore by the Punjab National Bank.
Earlier in the day, the CBI said two places in Mumbai linked to diamontaire Nirav Modi were searched, leading to seizure of incriminating documents related to the Letters of Undertaking (LoUs)
Punjab National Bank holds Gitanjali responsible for Rs 1.3 thousand crore fraud; appoints forensic auditor
The recently announced escalation in the PNB fraud amount by Rs 1,300 crore is attributable to Nirav Modi's uncle Mehul Choksi-owned Gitanjali Gems, the bank said in a clarification on Thursday.
The recently announced escalation in the Punjab National Bank fraud amount by Rs 1,300 crore is attributable to Nirav Modi's uncle Mehul Choksi-owned Gitanjali Gems, the bank said.
The central probe agency issued a provisional order for attachment of Gitanjali Gems promoter's properties under the Prevention of Money Laundering Act (PMLA).
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 Blue Corner notice -- to locate, identify or obtain information on a person of interest in a criminal investigation -- was issued by the Bureau of Immigration.
The PNB scam involves celebrity jeweller Nirav Modi, his family members and Mehul Choksi, owner of Gitanjali Gems.
ICAI said it has taken a statement from a senior official of the bank and emphasised it would not be prudent to draw any conclusion against the profession till disciplinary proceedings are completed.
Punjab National Bank fraud case: Singhvi's wife submits response to I-T department; more Gitanjali accounts frozen
She was asked to explain how much she had paid in cash and how much through cheque to purchase the valuables and jewellery from Modi's firms a few years back.