Where is Nirav Modi Hiding? MoS VK Singh's Reply in Rajya Sabha Asks For His Provisional Arrest in Hong Kong

Mumbai, April 06: Nirav Modi and Mehul Choksi, who committed an alleged fraud of Rs. 13,500-crore Punjab National Bank (PNB) scam, might get arrested soon. Ministry of External Affairs (MEA), on Thursday, has sought provisional arrest of the jeweller Nirav Modi from the Hong Kong government in the multi-million dollar fraud case.

Minister of State External Affairs, General (Retd.) VK Singh informed the same to Rajya Sabha in his written reply. A question was earlier directed to him asking the whereabouts of Nirav Modi and his maternal uncle Mehul Choksi.

MoS VK Singh also revealed that the request for the provisional arrest of Nirav Modi was made by the Indian government on March 23. The duo is alleged to flee the country after committing a scam worth Rs. 13,500 crore.

Earlier, on Thursday, the Central Bureau of Investigation (CBI) had questioned three chief general managers and one general manager; all four of the Reserve Bank of India (RBI), in connection to the alleged PNB scam.

The Punjab National Bank came to know about the scam, earlier this year in January. The scam was about both, Nirav Modi and Mehul Choksi had acquired Letters of Undertaking (LoUs) separately to take credit from different sources and eventually did not repay the loan.

The scam, reportedly, began in the year 2011, but came to the fore in the third week of January, this year. The PNB officials had then reported it to concerned agencies. Vijay Mallya, Nirav Modi & Mehul Choksi Caught in Alibaug! Video of Trio Celebrating Mallya's Bachelor Party with Pinky Lalwani Goes Viral.

The CBI had received a complaint from the PNB on January 28; the case was registered in the case on January 31. Are Nirav Modi and Mehul Choksi going to be arrested soon? Well, it is for time to tell. However, with the government sending out a request for Nirav Modi's provisional arrest in Hong Kong, is something positive!

(The above story first appeared on LatestLY on Apr 06, 2018 12:34 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).