The Congress also questioned PM Modi's silence on Amit Shah's son's company allegedly registering a profit 16,000 times the investment, Rafael fighter jets deal, death of Judge BH Loya, and ONGC stake in West Block of KG Basin.
In a chat with India TV, Vijay Aggarwal said that Nirav Modi had gone abroad for his business dealings when the entire PNB mess cropped out. He said that Modi is not evading the laws and that he doesn't want to become an offender.
The PNB’s notice assumes significance as it comes in the backdrop of the RBI’s clarification that it has not directed the bank to meet its commitments under the LoUs to other banks.
The clarification comes amid reports that banks could take a hit of more than $3 billion from loans and corporate guarantees provided to jewellery designer Nirav Modi and Gitanjali Group of Companies.
The letter also refers to the extended discussions between him, and between his representatives and the bank officers and also his emails on February 13 and 15, 2018.
The Income Tax department has found that in the last financial year the Nirav Modi group had illegally diverted Rs 1,216 crore of diamonds meant for export from its special economic zone to the domestic market, selling them in cash.
Shetty also informed the investigators that he shared the password with other individuals, essentially employees, as well as directors of Nirav Modi’s company.
After a major crackdown by Enforcement Directorate (ED), CBI and I-T Department, the CVC had last week summoned the PNB management and Finance Ministry officials to appear before it on Monday.
The development is important because last week Minister of State for Finance Shiv Pratap Shukla had told reporters that the Ministry of Finance was working with the Prime Minister's Office (PMO) to resolve the case.
The CBI yesterday started an intensive search operation at the Brady road branch of PNB in Mumbai, which is at the centre of a colossal banking fraud involving billionaire jewellers Nirav Modi and Mehul Choksi.
On Sunday, the CBI had questioned 11 PNB bank officials as well as Vipul Ambani, the Chief Financing Officer of diamond merchant Nirav Modi's Firestar International company.
Vikram Kothari, however, on Sunday evening issued a statement saying he was very much in Kanpur and had met with the banks and the matter is pending with a tribunal.
On Sunday, the CBI also conducted searches at PNB's Brady House branch in Mumbai, which will continue today.
Referring to 'Pariksha Pe Charcha' event, recently addressed by the prime minister, Gandhi said, "PM Modi tells kids how to pass exams for 2 hours, but won't speak for 2 minutes on the 22,000 Cr banking scam"
The industry body said PSB senior managements spend bulk of their time "receiving and implementing directions from the bureaucrats even for innocuous issues."
The department issued orders for provisional attachment of these accounts in various bank branches in Mumbai under the provisions of the Income Tax Act, 1961. There are around Rs 80 lakh in these accounts, official sources said.
In the complaint, PNB had named three diamond firms -- Diamonds R Us, Solar Exports and Stellar Diamonds -- saying they had approached it on January 16 with a request for buyers credit for making payment to overseas suppliers.
The bank branch, which is in the centre of one of the biggest financial scams of the country, was searched by the agency, the sources said, adding that "incriminating documents" related to the case were recovered.
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