PNB scam: ED summons Nirav Modi again, seizes watches; top 10 developments

PNB has roped in PwC to conduct a probe into the alleged fraud that would help the bank build a case against jewellers Nirav Modi and Mehul Choksi

Nirav Modi might have escaped the legal consequences for the Rs 114-billion Punjab National Bank (PNB) scam so far, but central probe agencies have kept up the pressure on the absconding businessman. The Enforcement Directorate (ED) on Friday said it had frozen bank deposits and shares worth about Rs 440 million (Rs 44 crore) of the Nirav Modi group and seized a huge collection of imported watches from locations linked to the billionaire diamantaire. 

If Modi didn't feel the pain after the agency on Thursday seized his luxury cars, including a Rolls Royce, the seizure of his huge collection of