Meanwhile, Mumbai's Special CBI court sent Bechu Tiwari, Yashwant Joshi, and Praful Sawant to police custody till March 3.
It is alleged that the issuance of Letters of Undertaking without the sanctioned limits to Nirav's companies, started during Jindal's tenure. He is presently posted as GM Credit, PNB Head Office, New Delhi. The arrested include Vipul Ambani, president (finance) of Firestar International, the flagship firm of Nirav Modi; Arjun Patil, senior executive of Firestar, and Kavita Mankikar, executive assistant and authorised signatory of three accused firms-Diamonds R. Chief Financial Officer of Gitanjali group, Kapil Khandelwal, and its Manager Niten Shahi were also held Tuesday.
Mumbai - India's federal police have arrested six people, including employees of a billionaire jeweller who owns three shops in Macau, as an inquiry into one of the country's biggest bank scams widens, investigators said Wednesday.
Modi, his uncle Mehul Choksi and their companies (the Firestar group and its various affiliates in the case of the first; and the Gitanjali group in the case of the second) are accused of perpetrating the fraud on Punjab National Bank.
Vipul, the son of Dhirubhai Ambani's youngest brother Natulal, has been charged with cheating and criminal conspiracy.
The agency confirmed that searches were also being conducted on Tuesday at Nirav Modi's farmhouse in Alibaug, close to Mumbai.
The Centre on Wednesday opposed in the Supreme Court a PIL seeking an independent probe and deportation of jeweller Nirav Modi in the over Rs 11,000 crore PNB fraud case, saying that an FIR had already been lodged and a probe was on.
Neerav Modi's lawyer has defended him over the allegations of Modi being a fugitive and is absconding from India to escape Indian authorities.
"This led to the continuance of concealment and large scale fraud in this case on PNB and loss and diversion of thousands of crores of public funds". So far ED has seized diamonds and gold jewellery from Nirav Modi stores worth over Rs 5,700 crore.
The Income Tax Department, which is also probing these instances, had on Tuesday launched action against the shell firms that are reported to have been used by the accused to allegedly launder huge money and evade taxes.
Sources also claimed Rajesh Jindal, a general manager-level officer who was arrested, was also not cooperating with the investigation.
ED said that the agency is talking to senior PNB officials on how LoUs are issued. His ministry is said to have sought a reply from the RBI on whether it found any wrongdoing while inspecting PNB's account books.
Meanwhile, the group's pperations in regions including North Africa, the Middle East, Latin America and Asia grew 3 per cent. The average 12-month target price among brokerages that have covered the stock in the a year ago is GBX 7,582.61 ($104.76).
Miranda was nominated for the Moana original song "How Far I'll Go" in 2016, but lost to Sam Smith's "Writing's on the Wall". He'll probably be great moral support for co-star Timothée Chalamet, who's up for Best Actor.
Embassy in the capital of Montenegro was attacked by a suicide bomber Wednesday, the Montenegrin government announced on Twitter . The US Embassy in Montenegro was reportedly rocked by blasts after a group of attackers hurled grenades in the area.
Probably the thing is I'm so happy I'm not in pain any more, but I'm still learning that I'm stiffer than I used to be", he said. Obviously I'm fused, so it's a little bit different and I'm still learning what that feels like under the gun.
Police and ambulance gave first aid to the man in Bartholomew Road, who is thought to be his late teens, but he died at the scene. She said she saw a large group of people gathered around the victim, adding: "There was a lot of screaming".
Crews are using boats to help northern IN residents amid flooding from melting snow and heavy rain moving across the Midwest. As of Wednesday the Raisin was 4.3 feet below its flood stage - listed there as an elevation, 650.0 feet - and rising.
But Attorney General Josh Shapiro, also a Democrat, got more votes in 10 of the districts established by the Supreme Court's plan. President Donald Trump took to Twitter Tuesday to encourage Republicans to follow through on the threat.
Commissioner Adam Silver recently floated a proposal where the 16 teams would be seeded regardless of their conference. While James has left Cleveland behind before, he came back and brought the city its first title in more than 52 years.
For the first ever Big Air final in the Olympics , the women that earned their spot in the spectacle did not disappoint. Anna Gasser produced the best score with the last jump to snatch gold from Jamie Anderson in the women's big air .
Maryland students march to White House in favor of gun control
Higher infant mortality - high particularly among the poor in states that refused to expand Medicaid - accounts for some of that. That said, there are commonsense, middle-of-the-road reforms that could reduce the potential for another deadly school shooting.
Lindsey Vonn's opener, super-G, delayed because of wind
After she placed third during the Women's Downhill skiing event at the Pyeongchang games on February 20, she broke down in tears. Because I wouldn't be the same person that I am today. "When you're young you ski and you win and you don't appreciate things.
North Korea pulls out meeting with Mike Pence
But he said North Korea's participation in the Olympic games in Pyeongchang has raised hopes and expectations around the world. Kim Yo Jong , the sister of Kim Jong Un , was also at the ceremony, leading a delegation sent by the North Korean regime.
EPFO cut interest rate to 8.55 pc for 2017-18
Despite the cut, the interest rate of the EPFO is higher than what is offered by other long-term investment schemes. The EPFO has been investing in ETFs since August 2015 and it has so far not monetised the ETF investments.