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Nirav Modi's bankrupt US firm whets buyer interest

02 March 2018

In continuation of the probe into the Punjab National Bank (PNB) scam, the Enforcement Directorate (ED) attached 41 properties worth Rs 1,217 crore connected to Gitanjali Gems and its owner Mehul Choksi, the ED said on Thursday.

MK Sharma was allegedly responsible for auditing the systems and practices of the bank's Brady House branch in Mumbai and report the deficiencies with zonal audit office.

With Mishra's arrest, the total number of those who were apprehended by the CBI rose to 14. The CBI official said that Nirav Modi has not shared anything with regard to his current location with the investigating agency.

Following the multi-crore fraud the PNB appointed A.K.Pradhan as Group Chief Risk Officer, a regulatory filing by the bank said here on Tuesday.

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However, the likes of Peter Crouch and Stephen Ireland will not be ready to appear due to an ankle and calf injury respectively. In addition to that, this should also be a high scoring game since both teams love to score goals and can't defend.

The agency has told him that it is mandatory for an accused to join the investigation whenever they are asked to, they said.

He said the CBI had grilled 13 more persons in the case in addition to questioning those arrested.

In response, Modi refused to join the investigation saying he has businesses overseas because of which he can not return.

The state-run PNB has the highest exposure to Mehul Choksi' Gitanjali Gems of about Rs1,000 crore while private lender ICICI Bank, also the lead bank in the consortium, has an exposure of over Rs600 crore.

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The mother of the woman contacted police on February 17 after her daughter's company said that she failed to arrive at work. The man, who lives in NY , had arrived as a tourist in Osaka in January, the Asahi Shimbun daily reported.

A 170-acre park in Hyderabad's Ranga Reddy district valued at over Rs 500 crore has also been attached, it said. The agency again wrote to him to immediately approach the high commission of the country where he is now present and ensure his return as soon as possible.

The LoUs were issued on behalf of Diamond R US, Solar Exports, Stellar Diamonds.

The income tax authorities, meanwhile, sent notices to banks that have loaned money to Modi's Firestar Diamond and Choksi controlled Gitanjali, seeking to recover Rs 305.12 crore tax dues from them. Both Choksi and Modi left the country before criminal cases were brought against them.

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Nirav Modi's bankrupt US firm whets buyer interest