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PNB fraud: Nirav Modi refuses to join probe, says CBI

Officials said that Nirav Modi was asked to appear before the agency in connection with its probe in the over USD two billion alleged fraud perpetrated in the PNB.

Edited by: India TV News Desk, New Delhi [ Published on: February 28, 2018 19:07 IST ]
PNB fraud: Nirav Modi refuses to join probe, says CBI
PNB fraud: Nirav Modi refuses to join probe, says CBI

The Central Bureau of Investigation (CBI) today said that diamantaire Nirav Modi has refused to join investigation in the Punjab National Bank (PNB) fraud case.

Officials said that Modi was asked to appear before the agency in connection with its probe in the over USD two billion alleged fraud perpetrated in the PNB.

He was summoned through email but he refused to join the investigation saying he has "business abroad", the officials said.

The CBI today directed him to contact the embassy of India in a country where he is staying so that his travel to India can be arranged, they said.

Modi is a key accused in the alleged PNB fraud. 

Yesterday, Modi's international jewellery business Firestar Diamond filed a bankruptcy plea in the US.

The PNB has said that the fraud perpetrated by Nirav Modi and Mehul Choksi may be around USD 2 billion, over USD 204 million more than previously estimated. 

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