The Income Tax Office today denied reports that evidence related to Nirav Modi and Mehul Choksi case were destroyed in the recent fire at the department's office in Mumbai's Scindia House.
The ED charge sheet focuses on the money laundering aspect and the role of Nirav Modi and others in perpetrating the alleged fraud, a senior official said.
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.
The four officials were asked questions related to the UPA government's '20:80' gold import scheme, which was cleared by Chidambaram on May 13, 2014.
The case was registered after the bureau received a fresh complaint from the PNB on Sunday, a CBI official said.
The attached properties include 15 flats and 17 office premises in Mumbai, M/s Hyderabad Gems SEZ in AP, a shopping mall in Kolkata, farm house in Alibaug and 231 acres land in Maharashtra and Tamil Nadu.
The department said it has also got issued a Look Out Circular against Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems, to keep a tab on their entry at all land, air and sea ports in the country.
The official has been identified as MK Sharma-- a chief manager-ranked official. It is the first arrest of any auditor of the bank.
Officials said that Nirav Modi was asked to appear before the agency in connection with its probe in the over USD two billion alleged fraud perpetrated in the PNB.
Noting that Modi, during his recent visits to Karnataka had, among other things, spoken on the issue of corruption, Surjewala said after 46 months in power "if one person in India has to answer on corruption, it is Modi and his party the BJP."
The countries where the LRs would be sent include Belgium, Hong Kong, Switzerland, the United States, the United Kingdom, Dubai, Singapore and South Africa.
Gandhi is on the second leg of his three-day tour of northern parts of Karnataka. This is his second visit to the state in less than a fortnight.
IBA said there is an urgency to fast-track SWIFT-CBS linkage. This came after the country's second largest state-run lender Punjab National Bank detected a Rs 11,400-crore fraudulent transactions at one of its branches in Mumbai.
According to the CBI, top PNB officials were called at the agency's Mumbai branch and were questioned for over 7 hours.
Reacting to the development, Nirav Modi's lawyer Vijay Agarwal said that government agencies are acting contrary to each other.
Earlier this morning, the CBI registered a case against a Delhi-based diamond jewellery exporter for an alleged bank loan fraud to the tune of Rs 389.85 crore towards OBC. The CBI has booked Dwarka Das Seth International Pvt Ltd for the alleged fraud
Without naming either the alleged kingpin of the fraud, Nirav Modi, or PNB, PM said the management of financial institutions, auditors and regulators should perform their duty with full dedication.
Finding Price Waterhouse guilty in the multi-crore Satyam scam, Securities and Exchange Board of India (Sebi) in January had barred its network entities from issuing audit certificates to any listed company in India for two years.
Nitin Gadkari's assertion comes in the backdrop of speculation that he may be sent back to Maharashtra as Chief Minister, replacing incumbent Devendra Fadnavis.
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