PNB scam: Fresh charge sheet names Nirav Modi's brother

CBI on Friday filed a supplementary charge sheet in USD 2 billion Punjab National Bank (PNB) scam, naming fugitive diamond merchant Nirav Modi's bror Nehal and four ors as accused.

Besides Nirav Modi, charge sheet named his bror Nehal Modi, suspended deputy general manr at PNB Sanjay Pras, and Nirav Modi's associates Amit Magia, Sandeep Mistri and Mihir Bhansali.

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Bhansali, Mistri and Nehal Modi are out of country and summons should be issued against m, CBI said while submitting charge sheet in court of Judge V C Barde.

Special public prosecutor A Limousin said ncy has ded fresh charges of `destruction of evidence' and threatening witnesses in supplementary charge sheet. Nirav Modi h sent Nehal to Dubai with intention of "destroying evidence and obstructing process of justice", charge sheet said.

Nehal Modi along with or accused coerced "dummy directors" of Dubai-based firms which were controlled by Nirav Modi into "shifting" to Cairo in Egypt, ncy said. Nehal also told staff of Nirav Modi's Hong Kong-based firms t to come to India to take part in probe, ncy alleged.

se directors of Modi's Dubai and Hong Kong-based companies told CBI that y were asked to sign certain documents to show that y were real owners of companies, it said.

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Nirav Modi h also me threatening calls to se directors, CBI said. se shell companies were shown as engd in export-import of jewellery with Diamonds R US, Solar Exports and Stellar Diamonds, firms allegedly involved in scam.

dummy firms in Dubai and Hong Kong were beneficiaries of "Buyers' credit" obtained from overseas banks on strength of Letters of Undertaking (LoUs) fraudulently issued by PNB officials, CBI said.

After registration of a case in PNB scam, 50 kg of gold and 4 million Arab Emirates Dirham lying in bank accounts of dummy companies were taken out by accused, it said.

Nirav Modi and his uncle Mehul Choksi allegedly cheated PNB to tune of Rs 14,000 crore by fraudulently obtaining LoUs from its Mumbai branch. 

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