A special court on Tuesday directed absconding diamantaire Nirav Modi, a key accused in the PNB fraud case, to file his reply on October 29 to an Enforcement Directorate (ED) plea seeking to declare him a "fugitive" under a new law.
Special judge M.S. Azmi, presiding over the court set up under the Prevention of Money Laundering Act (PMLA), had on July 25 issued summons to Nirav Modi, seeking his reply to the application filed by the ED.
The Enforcement Directorate, in the plea, had sought direction to declare Modi a "fugitive" under the Fugitive Economic Offenders Act.
Modi's lawyers sought time to file the reply to the ED's plea. The judge fixed October 29 for the next hearing of the matter and asked Modi to file his reply on that date.
The court had also issued a notice of appearance under the fugitive law against Modi's uncle and co-accused in the case, Mehul Choksi, and had asked him to appear before it on September 26.
The Enforcement Directorate had moved the court seeking to declare the diamond traders as "fugitive economic offenders" and seeking a nod to confiscate their assets worth Rs 3,500 crore.
The Enforcement Directorate, empowered to enforce the new law enacted by the NDA government to curb big economic crimes and check the escape of perpetrators from India, had filed two separate applications against Modi and Choksi.
The agency seeks to confiscate their assets, both movable and immovable, including those located in the UK and the UAE.
The move has been made on the basis of the two PMLA charge-sheets filed by the Enforcement Directorate against the designer diamond jewellers on charges of alleged money laundering.
Modi and Choksi are being investigated by the ED and the CBI after it was detected that they allegedly cheated PNB of more than Rs 13,400 crore with the purported involvement of a few of its employees.
The scam, which reportedly began in 2011, was detected in January this year, after which PNB officials reported it to the probe agencies.
Two criminal complaints were filed by the ED in these instances after taking cognisance of CBI FIRs.
Non-bailable warrants were issued against Modi and Choksi. Also, an Interpol 'red corner' arrest warrant has been issued against Nirav Modi on the ED's request.
