The agency said it had shared the information about the revocation of his passport in the 'diffusion' notice issued through the Interpol on 15 February.
According to sources, the panel headed by veteran Congress leader Veerappa Moily sought answers from Patel over bad loans, bank frauds, cash crunch and other issues during the meeting.
Nirav Modi and his uncle Mehul Choksi are being investigated by the Enforcement Directorate for allegedly cheating the PNB, the country’s second largest lender, to the tune of more than USD 2 billion.
The downgrade also reflects the weak internal controls and processes of the bank, given that the fraudulent transactions were undetected for a number of years.
The ED asked them to depose before the investigating officer of the case in Mumbai over the next few days.
Sources added that former Prime Minister Manmohan Singh, who is a member of the committee, is also likely to attend the May 17 meeting.
Continuing his tirade against the PM, the Congress leader said that Modi was running away from debate in Parliament over issues like Rafale jet deal with France.
China today said that Hong Kong can accept India’s request to arrest fugitive billionaire diamantaire Nirav Modi on the basis of local laws and mutual judicial assistance agreements.
In its plea, the company sought quashing of seizing of movable properties of Nirav Modi and depositing them with the PNB.
"Several leaders in the Bharatiya Janata Party have connections with these scamsters, who have left the country," he said.
While the agency had earlier seized gems, diamonds, jewellery, shares, bank deposits and costly cars in this case since it registered a criminal case under PMLA on February 14, this is the first major action to seize immovable assets.
This comes days after diamond billionaire Nirav Modi and his relative Gitanjali Group chief Mehul Choksi were booked for allegedly defrauding Punjab National Bank of Rs 11,400 crore.
The investigative agency has also frozen mutual funds and shares worth Rs 94.52 crore of Nirav Modi and Mehul Choksi groups.
Punjab National Bank was founded by Sardar Dyal Singh Majithia, a well-known philanthropist, real estate and diamond trader of his time.
He further alleged that the PNB has termed commercial transactions as a fraud.
A handful of officers skimmed Rs 11,400 crore from the bank to favour jeweller Nirav Modi, who alongwith his family, has fled India.
The diamond czar said that money went through the bank all these years for the repayments of the advances given by the overseas bank branches under the buyers credit.
ED raided 10 places in Mumbai, six each in Ahmedabad and Bengaluru, four in Chennai, three in Surat, two each in Bihar, Lucknow, Jalandhar and Hyderabad and one in Delhi.
ED and the I-T department had zeroed in on about 200 dummy or shell companies in the country and abroad that were being used to route or receive funds as part of the alleged fraud.
In an overnight questioning with the complicit three, CBI officials grilled them over their role in the scam and the entire chain of events that followed.
Top News
Latest News
