Non-bailable warrant against Nirav Modi


The Hindu

Write Comment     |     E-Mail To a Friend     |     Facebook     |     Twitter     |     Print


 Special court action comes on ED’s plea

A Special Prevention of Money Laundering Act court here on Tuesday issued non-bailable warrants against diamond merchant Nirav Modi, brothers Neeshal and Nehal and father Deepak, sister Purvi Mehta, brother-in-law Mainak Mehta and others.

On June 8, Enforcement Directorate’s counsel Hiten Venegavkar moved an application before the court to issue the warrants against Mr. Modi’s family and Mihir Bhansali, sole director of Firestar Diamond; vice-president of the Firestar group Shyamsunder Wadhwa; former deputy manager of Punjab National Bank Gokulnath Shetty; close associates Saju Parokaran and Aditya Nanavati; authorised signatory of Modi firms, Hemant Bhatt; and an executive in Mr. Modi’s company Subhash Parab. Along with the accused persons, there are accused companies — Radhashir Jewellery Company Private Limited, Solar Exports, Stellar Diamond, Diamonds R US, Firestar International Private Limited, Firestar Diamond International Private Limited, Bentley Properties Private Limited, Mak Business Enterprises Private Limited, Firestone Trading Private Limited.

Meanwhile, a special CBI court on Tuesday granted bail to the single window operator (SWO) of Punjab National Bank who is an accused in the scam, while four others were refused bail.

Manoj Kharat, SWO of the Brady House branch of PNB from 2016, who has been in custody for 117 days now, has been charge-sheeted by the CBI for allegedly sending SWIFT messages to overseas banks which made undertaking of LoUs despite knowing the fact that there was no such facility sanctioned to the three accused Nirav Modi-owned firms — Diamonds R US, Solar Exports and Stellar Diamonds.

However, four other accused — Hemant Bhatt, authorised signatory of the three accused companies; Arjun Patil, senior executive of the Modi-owned Firestar International Ltd.; Prafful Prakash Sawant, an officer of the Brady House branch; and Vipul Ambani, president (investor relations and corporate affairs) of Firestar International Private Ltd. were denied bail.

Special CBI judge J.C. Jagdale said the four were denied bail because they had close ties with the main accused Mr. Modi. In addition, the judge said these accused were involved in shifting documentary evidence after an FIR was lodged against them.

Write your Comments on this Article
Your Name
Native Place / Place of Residence
Your E-mail
Your Comment   You have characters left.
Security Validation
Enter the characters in the image above
    
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Kemmannu.com will not be responsible for any defamatory message posted under this article.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.




Welcome to Thonse Naturecure Hospital
View More

Charitable Foundation welcomes likeminded personnel for permanent directors post in MangaloreCharitable Foundation welcomes likeminded personnel for permanent directors post in Mangalore
Announcement from St Anne’s Church Thottam, UdupiAnnouncement from St Anne’s Church Thottam, Udupi
Kemmannu Church - Weekly Announcements.Kemmannu Church - Weekly Announcements.
Booking Open: Nayaab Residency, Court Back Road, UdupiBooking Open: Nayaab Residency, Court Back Road, Udupi
Veez Konkani Illustrated Weekly e-Magazine # 72Veez Konkani Illustrated Weekly e-Magazine # 72
Manasa Vani - Manasa Pamboor News Letter - Vol 1 - Issue 1Manasa Vani - Manasa Pamboor News Letter - Vol 1 - Issue 1
PRIME LOCATION PROPERTY FOR SALE IN KEMMANNUPRIME LOCATION PROPERTY FOR SALE IN KEMMANNU
Admissions Open @ Milagres College, KallianpurAdmissions Open @ Milagres College, Kallianpur
Milarchi Lara - Easter Issue of Mlagres Parish Bulletin.Milarchi Lara - Easter Issue of Mlagres Parish Bulletin.
Appeal from Gudiam Shri Bhadrakali Temple, Kemmannu - Invitation Cards Released.Appeal from Gudiam Shri Bhadrakali Temple, Kemmannu - Invitation Cards Released.
Shops and Flats for sale at Hampankatte, Kemmannu.Shops and Flats for sale at Hampankatte, Kemmannu.
Focus Studio, Near Hotel Kidiyoor, UdupiFocus Studio, Near Hotel Kidiyoor, Udupi
Milagres Tours and Travels upcoming Tours.Milagres Tours and Travels upcoming Tours.
Canara Beach Restaurant, Hoode/Bengre, Udupi.Canara Beach Restaurant, Hoode/Bengre, Udupi.
Delite Catering, SanthekatteDelite Catering, Santhekatte
Milarchi Laram - Issue Jan 2019Milarchi Laram - Issue Jan 2019
Canara Beach Restaurant Inaugurated at Bengre, Kemmannu.Canara Beach Restaurant Inaugurated at Bengre, Kemmannu.
Udupi: Congratulations to Raising smiles who won the first place in RED DROP AD- shoot competition..Udupi: Congratulations to Raising smiles who won the first place in RED DROP AD- shoot competition..
Maria TravelsMaria Travels
Welcome to Thonse Naturecure HospitalWelcome to Thonse Naturecure Hospital
An appeal to Kemmannu Parishioners, Friends and Well Wishers:

[Comments]

An appeal to Kemmannu Parishioners, Friends and Well Wishers:<P> <Center>[Comments]</P> </Center>
Read online Uzvaad:<font color=red> Read online Uzvaad</font color=red>:
Read Online RaknnoRead Online Raknno
Kemmannu Platinum Jubilee Souvenir – Amruth KaanikKemmannu Platinum Jubilee Souvenir – Amruth Kaanik
Udupi TodayUdupi Today
St. Alphonsa of India