The enforcement directorate (ED) on Tuesday sought a non-bailable warrant against diamond merchant Nirav Modi in connection with the money laundering case registered after the Rs11,400-crore PNB fraud. “Replying to the said summons, Modi pleaded that he is out of the country for business purposes. The ED issued again the third summons on February 22, asking him to appear on February 26. However, he failed to appear, following with the agency moved a plea for non-bailable warrant. Meanwhile, the ED has moved letters rogatory (LRs) to obtain information on the overseas businesses and assets of Modi in seven countries.

Source: Hindustan Times February 27, 2018 19:07 UTC