FRAUD

PNB scam: Plea seeking SIT probe likely to be in SC today

Separately, Delhi HC to hear Mehul Choksi's plea seeking quashing of FIR

PNB PNB detected the scam last week, wherein noted jewellery designer Nirav Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders | Reuters

A plea seeking a Special Investigation Team (SIT) probe into the Punjab National Bank (PNB) fraud case of over Rs 11,400 crore is likely to be mentioned before the Chief justice of India (CJI) bench for an urgent hearing on Tuesday.

A petition was filed in the apex court on Monday demanding an SIT probe in the ongoing PNB fraud case.

On a separate note, the Delhi High Court on Tuesday will continue to hear a plea filed by owner of Gitanjali Gems, Mehul Choksi, seeking the quashing of an FIR lodged against him for alleged cheating and criminal breach of trust.

The plea was filed after Punjab National Bank (PNB) lodged two financial fraud complaints of Rs 11,400 crore and Rs 280 crore against noted jewellery designer Nirav Modi, his family members and his uncle, Choksi.

PNB detected the scam last week, wherein noted jewellery designer Nirav Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders.

The state-owned lender lodged two financial fraud complaints of Rs 11,400 crore and Rs 280 crore against Nirav Modi, his family members and Mehul Choksi, owner of Gitanjali Gems.

Advocate Vijay Aggarwal, who had represented a number of 'high-profile' accused persons in the 2G spectrum case, will be the lawyer for accused jeweller Nirav Modi.