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The Ministry of External Affairs (MEA) on Friday suspended the passport of billionaire diamond businessman Nirav Modi in connection with the over Rs 11,000 crore fraud case detected by Punjab National Bank (PNB). Addressing a presser, MEA spokesperson Raveesh Kumar said that Nirav Modi will not be able to travel to any country as his passport has been suspended. “He will have to stay in whichever country he is living in right now”, ANI quoted Kumar as saying.
“I can say with confidence that this gentleman is not in touch with any of our officials and frankly at this stage we are not aware about his location.” he added.
Earlier in the day, the Enforcement Directorate summoned Modi in connection with the fraud case which was detected this Wednesday by the PNB. Yesterday, the agency raided multiple properties of Modi and his relatives. The CBI on Thursday, too, had raided 21 locations in connection with the case. Diamonds, jewellery and gold worth Rs 5,100 crore were seized from the locations.
The raids conducted by the agencies reportedly revealed that money was allegedly withdrawn from offshore accounts of various banks not only through issuance of fresh LoUs from Punjab National Bank (PNB) but even renewal of old ones – an illegal activity, according to investigators.
In connection with the alleged fraud, the CBI registered an FIR against Mehul Choksi’s Gitanjali Group of companies today as well. The agency has conducted raids in at least 20 properties of the company across the country. Read: Who is Nirav Modi?
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