The US government declared it cannot confirm if Nirav Modi – wanted for India’s biggest banking fraud – is in the country.
“We are aware of recent media reports that Nirav Modi is in the United States but cannot confirm them,” the State Department spokesperson told a news agency.
CBI and the Enforcement Directorate (ED), are investigating Nirav Modi, Mehul Choksi and others. After state-run Punjab National Bank protested that they cheated for Rs.11,400 crore with the Help of a limited number of its own bank employees.
Before criminal cases were filed against them by the CBI, Nirav Modi and Mehul Choksi left the country in the first week of January. The first case was filed against them on February 14. This week only, CBI issued “look out circulars” in against of 10 senior executives from companies belonging to Nirav Modi and his uncle and promoter of Gitanjali gems Mehul Choksi.
When asked if the US State Department is providing any aid to the Indian government in locating Nirav Modi, the spokesperson told, “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.” The Justice Department refuses to comment on Nirav Modi.
CBI arrested another Chief Manager, Internal Chief Auditor (retd), Shri Bishnubrata Mishra, who was responsible for concurrent audit for the period 2011-2015 at PNB Brady House branch. He was responsible for auditing the procedures and practices followed in branch #PNBScam pic.twitter.com/oZKBtlGGfM
— ANI (@ANI) March 1, 2018
PNB, India’s second largest state-run bank, revealed illegal Letters of Undertaking (LoUs) – a bank guarantee which was issued for overseas import payments. The letters were cashed overseas from various banks.