A case in point is the Union Cabinet’s decision to set up the National Financial Reporting Authority (NFRA) to oversee accounting and auditing practices at all listed and large unlisted companies.
In his latest letter to the CBI dated March 16, Choksi also mentioned his medical condition, suspended passport, media trial to decline the agency's communication asking him to join the probe.
Choksi had earlier written a similar letter to CBI, in which he had said that he was facing threats from people who he had business relations with.
Attorney General KK Venugopal opposed a suggestion mooted by the top court that the government should submit a stays report on investigation in a sealed cover envelope.
Officials said the agency had sought issuance of the Interpol warrant against the two, based on court-issued non-bailable warrants obtained by it in a money laundering case.
PNB, the second-biggest Indian state-run lender, uncovered in January the alleged fraud in which certain bank officials were suspected of colluding with Modi and Choksi to issue fraudulent letters of undertaking (LoUs) for their firms to raise loans from overseas branches of mostly Indian banks.
According to sources, Mehul Choksi and Nirav Modi also used these fake receipts to show fictitious revenue turnover in their books
The UPA government had selected 13 companies in 2013 to import gold and sell in the domestic markets. These companies sold the gold at premium prices.
Mehul Choksi, one of the prime accused in the alleged fraud at Punjab National Bank, has written to the CBI, expressing his inability to return to India to face charges.
In a letter to the Central Bureau of Investigation (CBI), one of the lead agencies probing the alleged loan fraud, the jeweller said the seizure of his assets, bank accounts and the shutting down of all his offices in India has caused prejudice against him.
India Bullion and Jewellers Association had accused the previous UPA government of “deliberately yielding to the cronies” by changing the gold policy days before demitting office
Chitalia was produced before a special CBI court here in the afternoon after he was detained at the airport and questioned by the agency. Judge S R Tamboli remanded him in CBI custody till March 17.
It is alleged that Choksi and Nirav Modi got LoUs and Foreign Letters of Credit issued of Rs 12,636 cr
The agency is also investigating plans by the two to list companies.
The agency has arrested two employees and an auditor of the Nirav Modi group of companies, while a director of the Gitanjali group of companies owned by Choksi has also been taken into custody, they said.
The court, set up under the Prevention of Money Laundering Act (PMLA), issued the NBWs on applications filed by the Enforcement Directorate (ED), one of the agencies probing the bank fraud cases registered last month.
The central probe agency issued a provisional order for attachment under the Prevention of Money Laundering Act (PMLA).
The latest announcement from the public sector lender assumes significance against the backdrop of the probe going on into the Rs 11,400 crore scam, which is already one of the biggest in the Indian banking sector.
On February 14, the bank had reported unauthorised transactions worth approximately Rs 11,400 crore after it had detected some fraudulent transactions in its Brady House branch.
Institute constitutes high-powered group to study issues in the case and suggest remedial measures for the banking system.
Full text of the letter written by Mehul Choksi to Gitanjali's employees
Prosecution has already been initiated against promoter Vikram Kothari on suspected tax evasion worth
ED officials said they have frozen mutual funds and shares worth Rs 86.72 crore belonging to Choksi and his group and Rs 7.80 crore owned by the Nirav Modi group.
It also seized nine high-end luxury cars of Modi as part of its investigation against him under the criminal provisions of the Prevention of Money Laundering Act (PMLA).
The CBI has also arrested Manoj kharat, an SWO (single window operator) at PNB and Hemant Bhat, Authorised Signatory of the Nirav Modi Group of Firms.