PNB scam: Supreme Court to hear plea of independent inquiry
New Delhi, Feb 21 (IBNS): The Supreme Court has agreed to hear a plea of independent inquiry into the country's biggest banking scam allegedly by diamond czar Nirav Modi, media reports said.
The plea for an inquiry into the scam involving Punjab National Bank (PNB) was filed by lawyer Vineet Dhanda.
A bench led by Chief Justice of India Dipak Misra will the hear the plea on Friday.
The government on Friday announced that the passport of the fugitive billionaire Nirav Modi, the prime accused in the Rs. 11,292-crore Punjab National Bank fraud case, and his business partner and maternal uncle Mehul Choksi have been cancelled for four weeks.
Modi, who is in the centre of a huge storm, reportedly left the country in January, much before the scam came to light.
According to media reports, he is now in New York.
Meanwhile, Interpol has issued diffusion notice against Modi, his wife Ami, brother Nishal and partner Choksi.
While the Central Bureau of Investigation (CBI) has registered two cases against Modi, the Enforcement Directorate (ED) has reportedly seized gold and diamond worth Rs 5,500 crores from the searches conducted at 17 properties of the diamond merchant across India.
On Feb 14, the CBI received complaints from PNB, which detected a Rs 11,292 crore fraud involving Modi.
So far, five arrests have been made in connection to the scam.
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