CBI court issues NBWs against Nirav Modi, Mehul Choksi
A court has allowed the application of CBI for issuance of non-bailable warrants against Nirav Modi and Mehul Choksi who had repeatedly refused to join the probe
New Delhi:A Central Bureau of Investigation (CBI) special court in Mumbai on Sunday issued non-bailable warrants (NBWs) against jeweller Nirav Modi and Gitanjali Gems promoter Mehul Choksi in the Rs12,636 crore Punjab National Bank (PNB) fraud case.
On 8 March, Choksi wrote to the CBI, stating he would not join the investigation for “four to six months.”
While Choksi’s lawyer Sanjay Abbot said that he was “not aware of the issuance of an NBW,” Modi’s lawyer criticized the court’s move.
“NBW should not have been issued against Nirav Modi as he has responded to each and every email notification and summon by the CBI. Maybe CBI did not present the same in court and my client can’t share any documents either as his servers have been shut down and his passport has been taken away,” Modi’s lawyer Vijay Aggarwal told Mint.
The CBI said the whereabouts of both remained unknown, and that it “continued the questioning of officers of overseas branches of Indian banks that extended alleged credit facilities on the basis of LoUs (letters of undertaking) issued by PNB to firms related to Nirav Modi and Mehul Choksi.”
A person familiar with the developments stated that so far, five officers of Bank of India (Antwerp), Allahabad Bank (Hong Kong) and Axis Bank (Hong Kong) have been questioned.
“Once we understand their role, we can come to a conclusion. Now, we cannot determine criminality yet because shell companies are also involved and the investigation is trying to ascertain the role of these officials,” the person added.
The CBI said, “The officer who dealt with forex transactions in Allahabad Bank, Hong Kong branch, has been summoned from Hong Kong and is being questioned.”
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