New Delhi, Feb 15: Is he another Mallya in the making and will bring a new hall of shame for the NDA government. This 46-year-old diamond entrepreneur was a ladies man and knew how to steal their hearts with his impeccable pieces of jewellery. He was often seen hobnobbing with the Bollywood celebrities
Sources suggest that he may have left India three months back. His family is already in USA.
Nirav Modi's wife, an American citizen, left India on 6 Jan 2018, Mehul Choksi left the country on 4 Jan 2018.
Nirav Modi's brother Nishal Modi, a Belgian citizen, left India on 1 Jan 2018. CBI had issued look out circulars against all accused on 31 Jan 2018.
The CBI had also raided the residence of Modi, his brother Nishal, wife Ami and Mehul Chinubhai Choksi, all partners of Diamond R US, Solar Exports and Stellar Diamonds and two bank officials -- Gokulnath Shetty (now retired) and Manoj Kharat, who were also named in the FIR as accused.
Sources also suggest that Nirav Modi is in Switzerland and is lobbying for time
This fraud dates back to 2011
It is understood that the ED also went through the PNB complaint that was made out against Modi and others.
The agency, they said, would probe if the allegedly defrauded bank funds were laundered and these proceeds of crime were subsequently used by the accused to create illegal assets and black money.
"The public servants committed abuse of official position to cause pecuniary advantage to Diamond R US, Solar Exports, Stellar Diamonds and a wrongful loss of Rs 280.70 crore to Punjab National Bank during 2017," the CBI FIR has alleged.
The bank had also alleged in the complaint that a fraudulent issuance of Letters of Undertakings (LOU) took place on January 16, 2018 for and on behalf of the accused firms, which approached the bank and presented a set of import documents to the branch with a request to allow buyers' credit for making payment to overseas suppliers.
News24Bureau with Agencies