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Non-bailable warrants issued

Mumbai, April 8 : A special CBI court here on Sunday issued non-bailable warrants (NBWs)against diamantaire Nirav Modi and his uncle Mehul Choksi in connection with Rs 13,500 crore Punjab tiol Bank (PNB) fraud. The court’s move comes following Central Bureau of Investigation (CBI) request as both the diamond traders, who left the country in January, refused to join the investigation in cases related to the scam. Meanwhile, the CBI continued questioning the officers of overseas branches of Indian banks that extended alleged credit facilities on the basis of Letters of Undertaking (LoUs) issued by the PNB to firms related to Modi and Choksi— the promoter of Gitanjali Group. (IANS)

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Ankur Kalita