Meanwhile, the Ministry of External Affairs on Friday suspended the validity of the passports of businessmen Nirav Deepak Modi and Mehul Chinubhai Choksi with immediate effect on the advice of the Enforcement Directorate in the wake of both being involved in a Punjab National Bank (PNB) fraud case.
The PNB has lodged two financial fraud complaints of Rs. 11400 crore and Rs 280 crore against Nirav Modi, his family members and Mehul Choksi, owner of Gitanjali Gems.
The agency has filed the case under the Prevention of Money Laundering Act (PMLA) on the basis of an FIR registered by the Central Bureau of Investigation (CBI).
The PNB detected the scam in which jeweller Nirav Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders.
The scam started in 2011 and was detected in the third week of January this year, after which the PNB officials filed a complaint with the CBI on January 31. (ANI)