The senior IAS official had issued the demolition orders after the Enforcement Directorate (ED) handed over the property situated in Raigad district, over 90 km from Mumbai.
Extraditing diamantaire Nirav Modi and Mehul Choksi, who are accused in Rs 13,500 crore Punjab National Bank (PNB) fraud case, is learnt to be the prime agenda of the central probe agency.
Accusing the Enforcement Directorate (ED) of deliberately not disclosing his health condition, Choksi said he is ready to settle the case.
The court was hearing the Enforcement Directorate's application to declare Choksi as a 'fugitive economic offender", reported news agency ANI.
Nirav Modi and Choksi defrauded the Brady House branch of the Punjab National Bank (PNB) in Mumbai to the tune of over Rs 13,000 crore) in alleged connivance with officials.
Apart from Modi, summons have been issued to his associates- Mihir Bhansali, Rakhi Bhansali, Ajay Gandhi and Kunal Patel.
The Central Bureau of Investigation (CBI) had approached Interpol last month seeking issuance of RCN against Nirav Modi.
Belgian Ambassador to India Jan Luykx said there is an existing extradition treaty between the two countries.
The agency said it had shared the information about the revocation of his passport in the 'diffusion' notice issued through the Interpol on 15 February.
According to sources, the panel headed by veteran Congress leader Veerappa Moily sought answers from Patel over bad loans, bank frauds, cash crunch and other issues during the meeting.
Nirav Modi and his uncle Mehul Choksi are being investigated by the Enforcement Directorate for allegedly cheating the PNB, the country’s second largest lender, to the tune of more than USD 2 billion.
The downgrade also reflects the weak internal controls and processes of the bank, given that the fraudulent transactions were undetected for a number of years.
The ED asked them to depose before the investigating officer of the case in Mumbai over the next few days.
Sources added that former Prime Minister Manmohan Singh, who is a member of the committee, is also likely to attend the May 17 meeting.
Continuing his tirade against the PM, the Congress leader said that Modi was running away from debate in Parliament over issues like Rafale jet deal with France.
China today said that Hong Kong can accept India’s request to arrest fugitive billionaire diamantaire Nirav Modi on the basis of local laws and mutual judicial assistance agreements.
In its plea, the company sought quashing of seizing of movable properties of Nirav Modi and depositing them with the PNB.
"Several leaders in the Bharatiya Janata Party have connections with these scamsters, who have left the country," he said.
While the agency had earlier seized gems, diamonds, jewellery, shares, bank deposits and costly cars in this case since it registered a criminal case under PMLA on February 14, this is the first major action to seize immovable assets.
This comes days after diamond billionaire Nirav Modi and his relative Gitanjali Group chief Mehul Choksi were booked for allegedly defrauding Punjab National Bank of Rs 11,400 crore.
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