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ED asks MEA to revoke Nirav Modi's passport

ANI  |  New Delhi [India] 

The (ED) on Thursday has written to (MEA) seeking revocation of passports of in connection Bank (PNB) fraud case.

Besides Nirav Modi, the agency also asked to revoke the of his wife and his relative Mehul Choksi

Earlier today, the agency conducted searches at 17 premises of and Geetanjali Gems across 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 (CBI) has questioned 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 in Mumbai's Worli in connection with the case.

The Bank (PNB) detected a 1.77 billion dollars scam in which Nirav Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders.

The 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 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 left on January 1, 6 and 4 respectively.

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

First Published: Thu, February 15 2018. 23:30 IST
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