Massive developments in Nirav Modi-PNB fraud case: US authorities approached, CBI's second FIR decoded, bank accounts seizes and property liquidation being mulled

Following the CBI activating Interpol in the stunning Rs. 11,400 crore Nirav Modi-PNB loan fraud case, the agency has also now approached US authorities, Republic TV has learnt.

The current whereabouts of the absconding scam-accused diamond czar remain unknown for a second straight day as both CBI and ED continue with their raids at his premises across the country. Modi may be in Hong Kong, sources have said, after reports of him hiding out at a posh hotel in New York turned out to be a decoy.

WATCH: Nirav Modi-PNB Scam Explodes As Whistleblower Dinesh Dubey Details Scope Of His Interventions Made To Allahabad Bank, RBI And UPA Government

The CBI on Friday also filed a second FIR in the matter, this time relating to Rs 11,000 crore-worth of allegedly fraudulent transactions, after first having lodged a case over the initial Rs 280 crore complaint filed by the Punjab National Bank. The latest FIR involves 143 LoUs (letters of undertaking) and 224 foreign letters of credit to add to the 150 LoUs in the first FIR. The CBI's FIR also names 16 companies and individuals, and the agency has summoned Vipul Ambani, CFO of Nirav Modi's company Firestar.

Following the Enforcement Directorate seizing property worth Rs 5,100 crore from Nirav Modi's properties on Thursday, the I-T department has seized 21 accounts of Firestar Diamond International for a period of six months. Unaccounted funds worth Rs 4,900 crore were found during I-T raids. The department has also flagged tax evasion and an incorrect disclosure of real income.

The Punjab National Bank, meanwhile, is said to be seeking legal advice to liquidate the property and valuables seized from Nirav Modi and his uncle Mehul Choksi. It will be writing to the RBI and the Finance Minister regarding the same. Senior officers of the bank are also being questioned.