Where is Nirav Modi? New Delhi would now move a request to the United States to help track Modi who is wanted in the PNB scam. Reports surfaced that Modi could be staying at the JW Marriott Essex House Aparments in Manhattan, New York City. The established protocol would be followed, said an officer in New Delhi.
The Reserve Bank of India which has undertaken an assessment of control systems at the scam-hit Punjab National Bank said that it would take appropriate supervisory action.The country's second largest state-run lender has been rocked by a Rs 11,400-crore fraud allegedly involving billionaire diamantaire Nirav Modi.
During the searches that were conducted in 21 locations in connection with the PNB fraud case, the Enforcement Directorate has seized Rs 25 crore. This is in addition to the previous seizures of Rs 5,649 crore. Searches were carried out in 21 new locations at Bihar, West Bengal, Maharashtra, Madhya Pradesh and Jharkhand by the agency.