Azmi on Tuesday heard the arguments of ED’s special counsel Hiten Venegoankar on the agency’s plea seeking issuance of the non-bailable warrant against Nirav Modi, who is believed to be in the US. The ED lawyer said Nirav Modi did not appear before the agency for questioning and hence it has sought issuance of an non-bailable warrant was against him. In response to the second summons, Nirav Modi said he cannot appear before the agency owing to his business commitments. “He has violated all the three summonses,” Venegoankar told the court and requested the court to issue an open-ended non-bailable warrant against Nirav Modi. On 31 January, the CBI had registered an FIR against Nirav Modi, his companies, and diamond jeweller Mehul Choksi in connection with the PNB fraud.

Source: Mint February 27, 2018 16:07 UTC