The CBI has also arrested the then Director of Mehul Choksi's company, Gili India, Aniyath Shiv Raman Nair
Despite the immediate setback, bankers, however, feel that there will not be a complete freeze so that a genuine businessman's operations are affected
the NCLT has restrained more than 60 entities, including Nirav Modi, Mehul Choksi, various individuals from selling their assets
BJP claimed PNB scam begun when UPA was in power and its govt has acted with alacrity after fraud came out in the open
"The Modi government is working in a transparent manner, and all those who are involved in the fraud will soon be behind bars," he added
PNB fraud being probed by multiple agencies in India, which are seeking details from their counterparts in various other countries
The ED had earlier issued summonses to Modi and Choksi, both key accused in the scam cases
Agency questions MD at length on why the bank took so long to detect the fraud
They demanded the selection of bank central auditors and statutory branch auditors should be done under the control of the RBI
Nirav Modi has a majority stake in Firestar Diamond and its other sister companies through his other companies
The state department declined to confirm that Nirav Modi is in US; the department of justice also declined to comment on his whereabouts
The only banks mentioned as creditors are HSBC and Israel Discount Bank (IDB), which have outstanding loans totaling $20 million to two of the companies.
Mishra was responsible for auditing the procedures and practices followed in the PNB branch and report them
The United States government is aware of media reports that diamond jeweller Nirav Modi is in the country but is unable to confirm them, a State Department official said on Friday
The Central Bureau of Investigation has so far arrested at least 13 people - seven from the bank and six more from Modi and Choksi's companies
Foreign branches of Indian banks had advanced money to companies belonging to diamond traders Nirav Modi and Mehul Choksi
These accounts are not directly related to fraud, however, these could help in investigation so the bank shared the details with the CBI, the ED, the income tax department
CBI found that funds received through fraudulent LoUs travelled through various banks to reach the beneficiary, reveals source
Mohinder Kumar Sharma was the internal chief auditor at the Brady House branch
The CBI had not searched three cupboards in Nirav's house, and the ED may be allowed to conduct a joint inspection of these cupboards with the CBI