PNB fraud: Can’t confirm reports of Nirav Modi being in country, says US official

A US official said, "We are aware of recent media reports that Nirav Modi is in the United States but cannot confirm them." Modi left India a week before Punjab National Bank detected fraudulent transactions worth over Rs 11,000 crore.

By: Express Web Desk | New Delhi | Updated: March 2, 2018 12:38 pm
PNB scam: Can't confirm reports of Nirav Modi being in country, says US officials Nirav Modi, his uncle Mehul Choksi and others are being investigated by multiple probe agencies following a complaint by the Punjab National Bank

The US government on Friday said it cannot confirm the presence of billionaire diamond jeweller Nirav Modi in the country. Modi is accused of allegedly defaulting Punjab National Bank to the tune of Rs 11,400 crore. A US state department official, however, said they are aware of the media reports on Modi absconding to New York, reported news agency PTI.

“We are aware of recent media reports that Nirav Modi is in the United States but cannot confirm them,” the spokesperson said in a quote to PTI.

Asked if the department is providing any assistance to the Indian government in tracing Modi, the spokesperson added, “We refer you to the Department of Justice for questions on legal assistance to the Indian authorities in relation to their investigation of Mr. Modi.”

Modi and his maternal uncle and promoter the Gitanjali Groups Mehul Choksi are being investigated by multiple Indian agencies following a complaint by the Punjab National Bank (PNB) that they allegedly cheated the nationalised bank to the tune of over Rs 11,400 crore, with the purported involvement of a few employees of the bank.

Modi left India a week before PNB detected the fraud. The first complaint against Nirav Modi was lodged by the CBI at the end of January, by which time Modi had already left the country. Choksi reportedly left the country in early January.

The accused allegedly acquired fraudulent letters of undertaking (LoUs) from PNB’s Brady House branch in Fort area in Mumbai to acquire overseas credit from other lenders. The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have registered two FIRs each in this case.

Look Out Circulars (LoC), also known as a blue corner notices, have been issued against Modi and Choksi to keep a tab on their entry at all land, air and sea ports in India.

(With Inputs with PTI)

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  1. Suresh Iyengar
    Mar 2, 2018 at 6:34 pm
    World center of power is changing and it is constantly evolving. I hope countries wanting to remain powerful appreciate the concerns of India and do the right thing. When Modi was CM of Gujarat he was banned from entering US as if he was banned from heaven. Time has come that they stretch their friendship to wade off from other evolving powers like China.
    1. N
      Nilesh Bhandari
      Mar 2, 2018 at 6:21 pm
      Very serious check should now be kept on total loans taken by so-called successful businessmen like Baba Ramdev, Goutam Adani, Mukesh Ambani, Kishor Biyani etc etc. Their repayment status and value of total assets in the country also has to be confirmed. Because if one of these turns wilful defaulter and escapes from India, not only banks but total Indian economy would be detroyed. Crefibility of BJP rests on how fast they bring money back ftom Chokdi and Modi, as well as prevent others from vanishing from the country with defaulted loans.
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        1. J
          Mar 2, 2018 at 3:23 pm
          Hey shut yourself, Did not get identified as bad government like Pakistan Don't play Hide and Seek. Take a good name and identified as good among us and the rest of the people.
          1. J
            Jeevan Karkera
            Mar 2, 2018 at 1:47 pm
            Nirav Modi's position is now like DHOBI KA KUTTA NA GARH KA NA GHAT KA. Same like his elder brother Vijay Mallya in U.K.
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