The US examiner has obtained evidence of a number of transactions that appear to constitute round-tripping of loose diamonds among the Firestar global entities and the shell companies floated by Nirav Modi.
The DRI lodged a case against Nirav Modi and his firms for allegedly diverting diamonds and pearls worth Rs 890 crore to domestic market
PNB scam: Mehul Choksi writes to CBI again, says he's defenceless post exaggerated allegations; won't return anytime soon
Mehul Choksi was summoned to appear before the CBI on 16 March for questioning in the case
Mehul Choksi says 'exaggerated' allegations in PNB fraud case, fragile health make it impossible for him to return to India
Diamond merchant Mehul Choksi, co-accused in the Rs 13,540 crore Punjab National Bank (PNB) fraud, has said that "exaggerated" allegations by multiple investigating agencies has left him "completely defenceless" and that he feared for his safety to return home
PNB scam: Noose tightens around Nirav Modi, DRI to move against fugitive diamantaire for duty evasion
Nirav Modi and Mehul Choksi, who are said to have left the country before criminal cases were registered, had failed to appear before the ED, promoting the agency to move the PMLA court for issuance of NBWs against them
Nirav Modi in his letter to the bank had said that the over-zealousness on the part of the bank to deal with the issue destroyed his jewellery brand and also jeopardised his ability to clear the dues.
PNB fraud: Congress' Abhishek Manu Singhvi denies links with Nirav Modi, says BJP is playing 'cheap politics'
Congress leader Abhishek Singhvi on Saturday denied any links of his family with jewellery designer Nirav Modi and Gitanjali Group promoter Mehul Choksi.