Mumbai: The Central Bureau of Investigation (CBI) sought Wednesday permission of a court here to attach the properties of fugitive jeweler Nirav Modi, his brother Nishal and another accused in the over USD two billion Punjab National Bank (PNB) scam.
In the plea before special CBI judge VC Barde, the CBI said the accused had left the country before the case was registered, so the warrants against them could not be executed.
While Nirav Modi was arrested in London and extradition process is pending, the whereabouts of his brother Nishal and another accused, Subhash Parab, are not known, the application said. Parab was an executive in Nirav Modi’s firm, the plea added.
“Since the accused have left the country in order to avoid execution of warrants issued by the court…It is hereby requested that proclamation and attachment of properties of the accused may kindly be ordered,” the plea stated.
Nirav Modi and his uncle Mehul Choksi are the prime accused in the case which is related to alleged fraudulent issuance of Letters of Undertaking which caused a loss of over USD two billion to the public sector bank, PNB.