The Enforcement Directorate (ED) on Thursday has written to Ministry of External Affairs (MEA) seeking revocation of passports of businessman Nirav Modi in connection Punjab National Bank (PNB) fraud case.
Besides Nirav Modi, the agency also asked to revoke the passport of his wife Ami Modi and his relative Mehul Choksi
Earlier today, the agency conducted searches at 17 premises of Nirav Modi and Geetanjali Gems across India in connection with the same case.
The probe agency also seized stocks of gold, diamond and other precious stones worth Rs 5100 crore.
Meanwhile, the Central Bureau of Investigation (CBI) has questioned PNB bank officials in connection with the case but has not arrested any person as of now.
Earlier, the CBI also sealed the residence of Ami Modi, wife of Nirav Modi in Mumbai's Worli in connection with the case.
The Punjab National Bank (PNB) detected a 1.77 billion dollars scam in which jeweller Nirav Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders.
The PNB has suspended its 10 officers involved in this scam and referred the matter to the CBI for investigation.
The scam was started in 2011 and was detected in the third week of January this year, after which the PNB officials reported it to the concerned agencies.
The CBI had received the complaint from PNB on January 28 and a case was registered in the case on January 31.
The probe agency also issued the circulars against all the accused on January 31.
It is to be noted that Nirav Modi, his wife and Mehul Choksi left India on January 1, 6 and 4 respectively.
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