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.
A private sector banker closely associated with the activity echoed the same, saying lenders have taken a "cautious" approach in the aftermath of the largest financial fraud in the history of the nation.
Modi, against whom a special court today issued a non-bailable warrant (NBW), wrote two letters to the Enforcement Directorate (ED) in response to summonses last month.
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 bank found out these accounts after internal scrutiny and said that these accounts are not directly related to the PNB fraud but may help in the investigation.
Officials said the searches were carried out after information surfaced during questioning of some arrested accused and others persons.
The government, stung by the twin absconding cases of Nirav Modi and Vijay Mallya, would be hoping for a smooth passage of the Bill in the two Houses.
Protesting while wearing the glittering pieces of jewellery may have reduced the brand value of the celebrities.
As per the banking sector agenda approved at the PSB Manthan in November last year, public sector banks (PSBs) have to examine all 216 overseas operations.
More than 1,400 employees of the bank were transferred.
The report did not specify the name of the company which was due for an IPO.
Firestar Diamond Inc filed for bankruptcy protection on February 26 in the United States, following accusations that other firms led by Modi and his uncle colluded with officials of Punjab National Bank to secure unauthorised loans starting 2011.
Besides, more than two dozen banks have decided to seek a forensic audit to establish if Mehul Choksi-led Gitanjali Gems has also indulged in fraud.
The department said it has also got issued a Look Out Circular (LoC), also known as a blue corner notice, against Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems, to keep a tab on their entry at all land, air and sea ports in the country.
Meanwhile, the CBI has arrested PNB's internal chief auditor M K Sharma-- a chief manager-ranked official-- in connection with the case, they said, adding that it is the first arrest of any auditor of the bank.
Care Ratings highlighted adverse impact of scam on developments in international trade and domestic revenue.
On February 14, PNB had detected the fraud wherein billionaire jeweller Nirav Modi and associates allegedly cheated the bank by acquiring fraudulent letters of undertaking (LoUs) from one of its branches for overseas credit from other Indian lenders.
ICICI Bank's Executive Director NS Kannan was questioned by the Central Bureau of Investigation (CBI) on Tuesday, in connection with the Punjab National Bank (PNB) scam, now worth Rs 12,700 crore.
The CBI has questioned two statutory auditors of the bank on Tuesday, after quizzing three others the day before. RBI-appointed auditors to the bank also under the lens of other investigating agencies.
The spotlight has now shifted to the senior management of banks and as their owners, the government has informed that the Board must assign clear accountability to senior management for implementation and compliance
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.
Govt is fast-tracking a draft law that will allow “non-conviction” based seizure.
The BJP chief has rejected allegations of corruption against his son Jay Shah, who has filed a criminal defamation suit against a news portal which claimed his business fortunes had zoomed after the BJP came to power in 2014.
Institute constitutes high-powered group to study issues in the case and suggest remedial measures for the banking system.