Twitter
Advertisement

Nirav Modi still travelling on suspended passport, spotted in New York: Report

Businessman Nirav Modi has been reportedly spotted in New York and is still travelling on a suspended Indian passport. Citing sources, a report in NDTV stated that Modi was last seen in New York city of the United States. 

Latest News
article-main
FacebookTwitterWhatsappLinkedin

Businessman Nirav Modi has been reportedly spotted in New York and is still travelling on a suspended Indian passport. Citing sources, a report in NDTV stated that Modi was last seen in New York city of the United States. 

If the host country accepts a traveller, the passport being suspended or cancelled is not an issue," a source told the publication. 

Passports of Nirav Modi and his uncle Mehul Choksi got suspended in February. The Central Bureau of Investigation (CBI) also approached the Interpol to locate the duo. The agency then hinted that Nirav and his wife were spotted in Manhattan and were reportedly staying in a suite at JW Marriott's Essex House. The Income-Tax department has also stepped up action against Nirav Modi, government sources told DNA. 

"It has attached 29 immovable properties of Nirav Modi, Ami Modi and various group concerns," sources said, adding, "The department seized 105 bank accounts of Nirav Modi, family members and group concerns."

Nirav Modi is accused of colluding with bank employees to fraudulently obtain advances for payments to overseas suppliers to his business stretching from New York to London to Beijing.

Meanwhile, after the infamous Rs 13,000 crore scam got unearthed, Punjab National Bank has decided to hire services of detective agencies. The decision to hire detective firms has been taken lately and PNB has already asked the interested agencies to come up with presentations on what measures need to be taken to stop the financial crimes. 

"Punjab National Bank" invites applications for empanelment of Detective Agencies for the period 2018-2019. Criteria ofqualifications, experience, scope of work, application forms, undertakings, addresses of the Zonal Offices etc. are enclosed. Agencies already empanelled with the bank need not apply again", the bank stated in an advertisement on its website. 

According to PNB, the agency should be able to locate the borrower(s)/ co-borrower(s)/ guarantor(s)/ mortgagor(s), (in/outside India) including their legal heirs who are either untraceable or not available at the addresses givenin Bank’s records defaulters' present address(es)/ occupation(s), business(es), income streams, details of their all assets, whether charged or uncharged, their location(whether in India or abroad), value and ownership, etc.

Find your daily dose of news & explainers in your WhatsApp. Stay updated, Stay informed-  Follow DNA on WhatsApp.
Advertisement

Live tv

Advertisement
Advertisement