New Delhi: Billionaire jeweller Nirav Modi has refused to join the CBI investigation in the $2 billion fraud in Punjab National Bank citing his business engagements, prompting the agency to issue a stern letter on Wednesday asking him to appear before it next week.
Meanwhile, the CBI has arrested PNB's internal chief auditor M.K. Sharma — a chief manager-ranked official-- in connection with the case, they said, adding that it is first arrest of any auditor of the bank.
Sharma, a scale-IV officer, was responsible for auditing the systems and practices of the bank's Brady House branch — from Letters of Undertakings (LoUs) were issued — and report the deficiencies with zonal audit office, they said.
Meanwhile, in a terse letter, the CBI “directed” him to approach the Indian mission in the country where he is residing so that immediate arrangement can be made for his travel to India, officials said.
The agency has told him that it is mandatory for an accused to join the investigation whenever they are asked to, they said.
He has been asked to appear for questioning next week, they said. The agency had earlier asked Modi on his official email id to join the investigation related to '12,636 crore scam pertaining to fraudulent issuance of the LoUs and Letters of Credit (LCs) from Brady House branch of PNB in Mumbai in favour of his and his uncle Mehul Choksi's companies, they said.
In response, Modi refused to join the investigation saying he has businesses abroad because of which he cannot return, they said.
