Choksi has not commented but his firm, Gitanjali Gems , has also denied involvement in the alleged fraud. In a Twitter post on Thursday, the ED detailed the seizures of the cars from Modi and his companies. Separately, on Thursday, responding to clarifications sought by the stock exchange, PNB in a regulatory filing said it had followed all "lawful avenues available" to recover its dues. The bank reiterated that it had enough assets and capital to meet any liabilities from the fraud. The stock has lost more than a quarter of its market value since disclosing the $1.8 billion fraud on Feb. 14.

Source: bd News24 February 23, 2018 16:18 UTC