New Delhi sources stated that the Ministry of External Affairs has currently submitted a request to Hong Kong authorities for provisional arrest of Nirav Modi, wanted in connection with PNB loan fraud. V K Singh, the Minister of State in the Ministry of External Affairs, said in a written response to a question in the Rajya Sabha "The Ministry has sought the provisional arrest of Nirav Deepak Modi by the Government of the Hong Kong Special Administrative Region, People's Republic of China, for which a request has been submitted to them on March 23, 2018”.
Meanwhile he was asked whether the ministry has any clue about the whereabouts of Nirav Modi and Mehul Choksi. Accordingly a provisional arrest is made pending a formal extradition request. Singh said the MEA had suspended passports of the two diamond merchants and moreover this was done after an FIR was registered against them by the CBI for an alleged fraud worth several thousand crores in the Punjab National Bank two months ago.
As per report Nirav Modi and Choksi had fled the
country after the alleged bank fraud came to light. Further the MEA had served
show cause notices to Modi and Choksi on February 16, giving them a week to
respond. "Since they failed to respond within the stipulated time period,
their passports were revoked on February 23, 2018”.
