Amid growing anxiety over the banking system in India after many such scams have come out, the Enforcement Directorate (ED) said it will issue letters rogatory to six countries to identify overseas businesses and assets of diamond trader Nirav Modi.
It need be mentioned that Nirav Modi is accused in the Rs. 11,400-crore Punjab National Bank (PNB) fraud and is also absconding.
It was informed that the Letters rogatory are documents that make a request for information through a foreign court.
Even the Central Bureau of Investigation has taken to issuance of look out circulars against 10 senior executives from companies belonging to Nirav Modi and his uncle Mehul Choksi, also promoter of Gitanjali gems.
It is now suspected that these executives too may have gone out of the country.
The Enforcement Directorate is expected to move court seeking non-bailable arrest warrants against Nirav Modi and Mehul Choksi after they failed to appear before the agency even afte summons were issued to them.
Special Mumbai court allowed the EC on Monday to send letters rogatory through the Union home ministry to Belgium, Hong Kong, Switzerland, US, UK, Dubai, Singapore and South Africa.
It is also informed that total assets seized by the ED in this case are worth over Rs. 6,393 crore, even though it is being put to independent valuation.
The CBI has so far arrested 12 persons in connection with the scam.