Economy

CBI seeks Interpol help to nab Nirav Modi

CBI seeks Interpol help to nab Nirav Modi

He also said that RBI has categorically stated that if the fault is from the PNB side, then the lender will have to repay all the banks who have borne the brunt of the fraud.

Earlier this week, fraud-hit PNB said it will honour its bonafide commitments and entire liability will be known after the investigation.

Kharat's uncle told Reuters the PNB employee was "just following orders of superiors" and added "he wasn't aware of what he is doing".

Modi, his wife Ami, brother Nishal and uncle Mehul Choksi are partners in Diamonds R US, Solar Exports and Stellar Diamonds, which has shops in foreign locations such as Hong Kong, Dubai, and NY.

Investigators are looking into allegations that Nirav Modi and his business partner, Mehul Choksi, were involved in defrauding the country's second-largest state-run lender, Punjab National Bank (PNB), of 2.8 billion rupees (RM170 million).

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But 38-year-old Anwar used all his experience to form a 120-run partnership with Usman that propelled them to 247-6. Nepal is playing against UAE in the final of ICC World Cricket League Division Two series in Namibia on Thursday.

Police sources say Modi, whose high-end jewellery has been worn by Hollywood stars including Kate Winslet, and Choksi left India last month and their whereabouts are unknown.

Modi, the third generation of his family to go into the diamond trade, has not commented on the allegations.

People wait in a queue outside a Punjab National Bank ATM in New Delhi, India, February 16, 2018.

"On the advice of the Enforcement Directorate, the passport issuing authority in the Ministry of External Affairs has suspended the validity of passports of Mr. Nirav Deepak Modi and Mr. Mehul Chinubhai Choksi with immediate effect for a period of four weeks u/s 10 (A) of the Passports Act 1967", the Ministry of External Affairs said in a press release.

CBI has carried out raids on more properties connected to the pair, and has contacted Interpol to track down Modi.

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Last week, she told her housemates they should be anxious about White House dysfunction: "It's bad", she said tearfully. That's called 'mental illness, ' if I'm not correct. "You talk to Jesus, Jesus talks back".

The agency on Friday had conducted searches at 35 locations in connection with the fraud involving around Rs 11,300 crore and seized diamonds, gold and jewellery worth Rs 549 crore.

In the Maharashtra capital, the properties that have been provisIonally attached pending assessment, include Modi's premises in the posh Peddar road area, Worli, Bandra, Lower Parel and Opera House.

"He has taken money from people's pockets and put it into the banking sector and now his friends and cronies are stealing it from the banking sector and the prime minister is not saying anything", he alleged. At the time, PNB had said it was digging into records to examine the magnitude of the fraud.

"You will get to know that banks' loans will be more and assets less". The official said that they will be presented before the CBI special court in Mumbai later in the day. A Finance Ministry spokesman was not immediately reachable.

Russian censor blocks Navalny's website
Roskomnadzor by the decision of the Ust-Labinsk district court chose to lock in these materials as interim measure on the suit. Assistant Secretary of State for European and Eurasian Affairs and a frequent critic of Russian Federation .


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