NEW DELHI: The Central Bureau of Investigation is examining an official from the Antwerp branch of Bank of India and another from Bahrain branch of Canara Bank in connection with the Rs 13,500-crore Nirav Modi-Mehul Choksi bank fraud case, an agency insider said.
The two overseas bank branches are among many that had extended credit facilities to diamond merchant Nirav Modi and his uncle Mehul Choksi on the basis of allegedly fraudulent Letters of Undertaking (LoUs) made in collusion with Punjab National Bank (PNB) employees.
The agency is also probing a loan worth Rs 5,280 crore taken by Choksi and his companies from consortium of 31 banks led by ICICI Bank as part of its existing FIR filed against Choksi and his Gitanjali group.
Earlier this week, an officer who dealt with forex transactions in Allahabad Bank’s Hong Kong branch was summoned and quizzed. The government cancelled the passports of Modi and Choksi after CBI filed the first case in February for illegally getting guarantee letters from PNB officials.
Since the fraud came to light in January followed by a complaint by PNB, probe agencies have cracked down on the two diamond merchants with the ED seizing assets worth thousands of crores of rupees.
CBI has started examining officials of RBI too. Former RBI deputy governor HR Khan along with three chief general managers and one general manager of the central bank have been questioned.
The two overseas bank branches are among many that had extended credit facilities to diamond merchant Nirav Modi and his uncle Mehul Choksi on the basis of allegedly fraudulent Letters of Undertaking (LoUs) made in collusion with Punjab National Bank (PNB) employees.
The agency is also probing a loan worth Rs 5,280 crore taken by Choksi and his companies from consortium of 31 banks led by ICICI Bank as part of its existing FIR filed against Choksi and his Gitanjali group.
Earlier this week, an officer who dealt with forex transactions in Allahabad Bank’s Hong Kong branch was summoned and quizzed. The government cancelled the passports of Modi and Choksi after CBI filed the first case in February for illegally getting guarantee letters from PNB officials.
Since the fraud came to light in January followed by a complaint by PNB, probe agencies have cracked down on the two diamond merchants with the ED seizing assets worth thousands of crores of rupees.
CBI has started examining officials of RBI too. Former RBI deputy governor HR Khan along with three chief general managers and one general manager of the central bank have been questioned.