Delhi High Court asks cops to probe into allegations against Mehul Choksi

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The cars seized by the agency include a Rolls Royce Ghost, a Porsche Panamera, two Mercedes Benz GL 350 CDIs, three Honda cars, a Toyota Fortuner and a Toyota Innova.

Nirav Modi and Gitanjali Gems Chairman and Managing Director Mehul Choksi have been accused of cheating the PNB to the tune of over Rs. 11300 crores.

Modi, it is understood, had sent an e-mail to the ED, stating that while his passport was temporarily suspended, he was also dealing with the recent developments and investigations, pertaining to the alleged bank fraud, against his businesses in the country and hence, he was unable to depose before the agency.

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Mr. Choksi is a relative of Nirav Modi, who is allegedly involved in the Punjab National Bank (PNB) fraud. It is probing 120 companies on suspicion of being shell firms linked to Modi and Choksi. Even though Nirav Modi left the country soon after money laundering case was registered against him and Gitanjali owner, Mehul Choksi, the enforcement directorate (ED) along with other security agencies have been raiding their houses and also freezing their bank accounts. They had used its Letters of Undertaking and Foreign Letters of Credit to raise and rollover. The sources said he had now been asked to join the investigation and appear before the central probe agency in Mumbai on February 26.

The FIR has named two former bank employees for alleged direct involvement in the fraudulent transactions.

On Wednesday, the Income Tax department attached 141 bank accounts and fixed deposits of the Nirav Modi group. The CBI had received the complaint from the PNB on January 28 and a case was registered in the case on January 31.