The CBI in its first charge sheet in the country's biggest financial fraud by billionaire jeweller Modi had detailed alleged role of the PNB's former chief Usha Ananthasubramanian.
The Singapore government has rejected fugitive diamond merchant Nirav Modi's application for citizenship and passport of Singapore.
Earlier, Modi's aides Mihir Bhansali and Rakhi Bhansali moved a US court, seeking quashing of Punjab National Bank's (PNB) subpoenas issued to the husband-wife duo who allegedly have information relevant to the state-run lender's claims against Modi-controlled American firms.
The Bhansalis have claimed that PNB is not entitled to obtain evidence from them because the state-run bank was "complicit" in the multi-billion dollar fraud activity, involving now fugitive diamantaire Nirav Modi, his uncle Mehul Choksi and some PNB employees.
PNB, the victim of India's biggest banking fraud said to be perpetrated by Modi and Choksi, was granted the power by the US Bankruptcy Court Southern District of New York to issue its own subpoenas for the production of documents and for the examinations of persons in these proceedings.
On July 26, PNB had served the subpoenas on Mihir Bhansali and Rakhi Bhansali. The bank had also made 60 document requests. A subpoena is a witness summon issued to compel testimony by a witness or production of evidence.
Appealing through their attorney, Bhansalis on August 8 have submitted a memorandum of law in support of their motion to quash four subpoenas, which seek the depositions and productions of documents from each of the Bhansalis.
The CBI in its first charge sheet in the country's biggest financial fraud by billionaire jeweller Modi had detailed alleged role of the PNB's former chief Usha Ananthasubramanian.
Bhansalis' attorney has told the US court that purpose behind PNB's exercise is to prop up its own litigation prospects connected to its losses in India. "PNB's discovery is extraneous to this bankruptcy, and should be quashed for that additional reason," it said.
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