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PNB fraud: ED summons Nirav Modi's family, US partner

Press Trust of India  |  New Delhi 

The has summoned at least four members of absconding diamantaire Nirav Modi's family, including his father and brother, and his US-based business partner in connection with a case linked to the over USD 2 billionPNB fraud, officials said today.

The family members are required to be questioned as a number of financial transactions and Nirav Modi's businesses are linked to them, they said.

The officials said summonses had been issued to Nirav Modi's father Deepak Modi, brother Nishal Modi, sister Purvi Mehta, her husband Mayank Mehta, and Mihir Bhansali, who is the of the jeweller's US-based firm Firestar Diamond Inc.

They said the summonses, issued under the Prevention of Act (PMLA), were sent through e-mail as all the five people are settled abroad.

The officials said was suspected to be in in Belgium, Nishal and Bhansali could be in the US and the Mehtas were reportedly in Hong Kong.

"However, their current locations are not exactly known and hence, summonses have been sent through e-mail," a said.

The asked them to depose before the investigating of the case in over the next few days.

However, the sources said the agency was not very hopeful about their deposition and joining the probe in person. A case-to-case call would be taken on the next course of action based on the replies received.

Earlier, the had summoned and his uncle in a similar fashion, but they did not depose before it, citing business engagements and the revocation of their passports by the government.

and Choksi are being investigated by the for allegedly cheating the Punjab National Bank, the country's second largest lender, to the tune of more than Rs USD 2 billion.

The duo and others are also being probed by other central agencies after the fraud came to light this year following a complaint by the PNB that they allegedly cheated the nationalised to the tune of over Rs 13,000 crore, with the purported involvement of a few employees of the

The and the ED have registered two first information reports each in the case.

The CBI had earlier this week filed two charge sheets in the case before a court, while the ED is expected to file its own prosecution complaint soon.

The ED complaint or charge sheet will focus on the aspect and the role of Nirav Modi, Choksi and others in perpetrating the alleged fraud.

Both and Choski are said to have left the country before criminal cases were lodged against them.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 18 2018. 19:05 IST
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