No Post Found
Diamond merchant Nirav Modi on Saturday claimed that he could not return to India because of security reasons and said the transactions he made with Punjab National Bank or PNB were "civil transactions".
While responding to the Enforcement Directorate's application in the PMLA court he said, "I've done nothing wrong. The PNB scam was a civil transaction, blown out of proportion. I cannot come back to the country due to security reasons."
Modi and Modi’s uncle Mehul Choksi earlier denied returning to India, citing poor health condition and violence by mobs.
Minister of State for External Affairs VK Singh told the Rajya Sabha that two requests, one from the CBI and one from the ED, seeking Modi’s extradition to India were currently under consideration by British authorities.
After escaping from India, Choksi decided to get citizenship of Antigua and Barbuda and settled there.
Modi is currently in the UK, is reportedly planning to apply for asylum in the country.
On Friday, the ED attached a Rs 13 crore factory owned by Choksi in Thailand. The investigative agency said it has issued a provisional order for attachment, under PMLA Act, of Abbeycrest Limited, which is owned by Choksi-led Gitanjali group of companies.
Choksi, Modi and a few other members are being investigated by multiple agencies in connection with the Punjab National Bank (PNB) scam.