PNB scam: CBI questions former Dy Governor of RBI, Harun Rashid Khan

How the rich and the famous parked black money in Nirav Modi firms

PNB scam: CBI questions former Dy Governor of RBI, Harun Rashid Khan

Last month, when asked if the government has any idea about Modi or Choksi's whereabouts, Gen (retd) VK Singh, MoS External Affairs, said India has requested Hong Kong to provisionally arrest Modi. "If India makes a relevant request to the HKSAR, we believe HKSAR will follow the basic law and relevant laws and judicial agreements with India with the relevant issue".

Attorney-General K.K. Venugopal submitted five different agencies, from CBI, SFIO, ED to Income Tax department, are investigating the PNB scam.

The Central Vigilance Commission (CVC), in its annual report has revealed that it had sounded an alarm over irregularities in the gems and jewellery sector one year before the Nirav Modi scam came to light.

The Supreme Court on made it clear that it can not monitor the ongoing probe into the over Rs 11,000 crore Punjab National Bank fraud case and said it would first decide whether a PIL seeking a court-monitored SIT probe into the scam was maintainable or not.

Earlier on March 8, the country's premier investigation agency had sent summons to both Nirav Modi and Choksi to join investigations as early as possible. The bank officials also fraudulently issued foreign letters of credit or FLCs in which the PNB guaranteed payment on behalf of the accused to their suppliers which was to be recovered from the firms of Choksi and Nirav Modi, they alleged.

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Moreover, yesterday a special CBI court in Mumbai issued non-bailable warrants against the prime accused named above. For this, the CBI will have to seek assistance from its counterpart in United Kingdom; acting with alacrity, the agency has already procured Letters Rogatory issued will be handed over to the concerned authority in UK.

Nirav Modi and Mehul Choksi have got gotten away, they ran away and we will get them back.

The uncle-nephew duo had managed to flee the country in the first week of January days before the PNB was able to detect the fraud.

But even as India presses Hong Kong on the arrest, the central government in Beijing could play a decisive role behind-the-scenes.

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