CBI Officer Probing Nirav Modi Case Repatriated to Tripura

CBI Officer Probing Nirav Modi Case Repatriated to Tripura

The ED today filed its first charge sheet in the over Dollars 2 billion PNB fraud case involving diamantaire Nirav Modi and his associates stating that over Rs 6,400 crore of bank funds were allegedly laundered overseas to dummy companies by him and others.

In a fresh twist to the PNB fraud case, CBI Joint Director Rajiv Singh, who is overseeing the probe, has been prematurely repatriated to his home cadre of Tripura.

Besides Rajiv, three other CBI officers - Joint Director (STF) Nina Singh, DIG Anish Prasad and SP R Gopal Krishna Rao - have also been repatriated to their respective cadres.

In an order dated May 23, the department of personnel and training (DoPT) said Singh and three other CBI officers - two from the Tripura cadre and one from the Rajasthan cadre - had been repatriated following a request from the state governments concerned.

Besides the bank fraud investigation division, Singh was looking after the administration wing of CBI.

The repatriation/curtailment of tenure of the said officers has been approved by the competent authority. A special Prevention of Money Laundering court will hear the case on Monday. "The charge sheet will pave the way for the investigative agency to extradite Nirav Modi to India", the ED official said on condition of anonymity.

"These firms and Modi's Firestar group of companies had fraudulently obtained Rs 6,498 crore through Letters of Undertaking (LoUs) issued by the Punjab National Bank, Brady House branch in Mumbai", the central probe agency said in a statement.

Nirav Modi and his uncle Mehul Choksi are accused of involvement in a scam to the tune of $2 billion at state-run Punjab National Bank. The charge sheet also details the attachments made by the agency against Modi and his associates in the last few months after it first registered an FIR in this case on February 14. The charge sheet has named 24 as accused in the case, including 18 individuals and six companies.

The charge sheet focuses on the money laundering aspect and the role of Modi and others in perpetrating the alleged fraud.

Both Nirav Modi and Choksi are said to have left the country before criminal cases were lodged against them.

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