U.S. won't confirm reports of Nirav Modi being in the country

Mehul Choksi and Nirav Modi are being probed by the ED and other agencies following a complaint by the Punjab National Bank that they allegedly cheated it to the tune of Rs 12,000 crore

Mehul Choksi and Nirav Modi are being probed by the ED and other agencies following a complaint by the Punjab National Bank that they allegedly cheated it to the tune of Rs 12,000 crore

The five accused - Manoj Kharat (single window operator), Hemant Bhat, (authorised signatory for Nirav Modi), Bachhu Tiwari (chief manager incharge of forex and Shetty's supervisor), Yashwant Joshi, (manager, forex) and Praful Sawant, PNB official, whose job was to check swift daily have been sent to 14 days judicial custody.

While Choksi said that his passport was revoked, Modi said that he had work outside India and thus will communicate only through emails.

The lightning speed with which the passport authority acted showed that the action was pre-determined and his "fate" was already decided, he wrote in the first letter. "Mishra was responsible for auditing the procedures and practices followed in the PNB branch and reporting them", a CBI officer told The Express.

The central investigating agency has reportedly recovered documents related to Letter of Undertaking (LoU) from a chawl in the city as it continued its searches in connection with the multi-crore PNB fraud case.

"Mishra was arrested on March 1 and produced at a court in Mumbai on March 2".

The CBI, however, has expanded its investigation and arrested two internal auditors of the branch, among others.

On being asked by the CBI to join its investigation into the alleged fraud, Modi refused, saying he has "business abroad". The ED had sought from the court to issue NBW against Modi in February.

The CBI then directed him to contact the Indian Embassy in a country where he is staying so that his travel back can be arranged.

On Thursday, the Enforcement Directorate (ED) had moved an NBW against them in court. The ED had earlier issued summonses to Modi and Choksi, both key accused in the scam cases, asking them to appear before the central agency. According to Hardik Hundiya, editor of diamond industry publication Heera Manik Patrika, Mehul Choksi's modus operandi would be to sign retainership agreements with family members and acquaintances of people that were in positions of power and could help him when required.

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