PNB fraud case: Delhi HC seeks ED’s reply on plea of Nirav Modi’s firm


Team Udayavani, Mar 7, 2018, 12:06 PM IST

New Delhi: The Delhi High Court today sought response of the Enforcement Directorate on a plea by Nirav Modi’s firm Firestar Diamond against a money laundering case lodged by the agency in connection with the over Rs 11,000 crore Punjab National Bank (PNB) fraud case.

A bench of Justices S Muralidhar and I S Mehta issued notice to the ED on Firestar Diamond International Private Ltd’s plea seeking direction to the agency to supply it several documents, including a copy of the search warrants.

The bench, however, refrained itself from staying the proceedings against the company saying we want to consider the “stay part” after the agency files their response.

It directed ED to place before it the sequence in which it has initiated proceedings in the matter.

“The relevant records involved in the matter should be placed before the court on the next date of the hearing, March 19. The officer conversant with the present case should also remain present in the court to answer all queries,” the bench said.

Advocate Vijay Aggrawal, appearing for the firm, has sought quashing of the ED action of taking away the movable property and depositing the same with the PNB bank.

He also submitted before the court that the agency be directed to supply copy of the Enforcement Case Information Report (ECIR) registered by it, pursuant to which the search and seizure was conducted by the ED in its premises.

Additional Solicitor General Sandeep Sethi and advocate Amit Mahajan, appearing for ED submitted that the firm’s plea is premature and the challenge is misconceived.

Billionaire Nirav Modi, his uncle Mehul Choksi and others are being investigated by multiple probe agencies after the scam recently came to light following a complaint by the PNB that they had allegedly cheated the nationalised bank to the tune of Rs 11,400 crore, with the purported involvement of a few employees of the bank.

The ED has registered the money laundering case against Nirav Modi, his firms and others on the basis of a CBI FIR.

The CBI and the ED have registered FIRs to probe the case and intensified the crackdown on Nirav Modi and Choksi with the ED seizing jewellery and assets worth thousands of crores of rupees, the I-T department attaching various properties, and the CBI grilling several senior executives of his company.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Prez greets citizens, wishes Dussehra continues to inspire all to imbibe ethics, truth

Mangaluru Dasara: Traffic curbs on October 5, 6

Odia singer Murali Mohapatra collapses and dies while performing on stage

Rajnath approves renaming of Faizabad Cantt as Ayodhya Cantt

Jemimah, Deepti do star turns as India crush UAE by 104 runs

Mulayam Singh continues to be critical, shifted to ICU, says hospital

Teaser lands ‘Adipurush’ in trouble over depiction of deities, demon king and bad CGI


Related Articles More

IMC raids MPCA office for pending dues; office-bearers allege action taken to get passes for T20 match

Prez greets citizens, wishes Dussehra continues to inspire all to imbibe ethics, truth

Odia singer Murali Mohapatra collapses and dies while performing on stage

Rajnath approves renaming of Faizabad Cantt as Ayodhya Cantt

Court sends Russian national to CBI custody in JEE-Mains exam manipulation case

MUST WATCH

Day 8 | Mahagauri

Sarapady Devadas Special Video.

Day 7 | Goddess Kalratri

Huge Fish Found in Muloor

Uchila Dasara 2022 Celebration


Latest Additions

IMC raids MPCA office for pending dues; office-bearers allege action taken to get passes for T20 match

Mangaluru: Passenger dies after cardiac arrest at Airport

Prez greets citizens, wishes Dussehra continues to inspire all to imbibe ethics, truth

Mangaluru Dasara: Traffic curbs on October 5, 6

Odia singer Murali Mohapatra collapses and dies while performing on stage

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.