Mehul Choksi
Mankikar was remanded in CBI's custody till Monday.
On January 31 this year, the CBI had registered a case against Modi, his uncle Mehul Choksi, the owner of Gitanjali Gems, and several others including PNB officials. In her petition, Kavita Mankikar claimed she was arrested on February 20 at 8 p.m.by CBI officers, but the law lays it down that a woman can not be arrested after sunset.
It was alleged that besides being one of the directors of the Gitanjali group of companies, Nair was the authorised signatory for the applications submitted to PNB for issuance of LoUs and Foreign Letters of Credit (FLCs).
Modi along with Choksi has been accused of defrauding the PNB of Rs 12,600 crore, with Rs 1,300 crore being added to the fraud kitty last Monday.
The third arrested person - Sanjay Rambhia, a partner in CA firm Sampat and Mehta of Mumbai - was an internal auditor of Nirav Modi's companies, while the fourth - Aniyath Shiv Raman Nair - was then Director of Gili India Ltd. The official also informed that a court in Mumbai sent four accused arrested on Sunday to the agency's custody till March 17.
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It is alleged that Choksi and Modi got Letters of Undertakings and Foreign Letters of Credit of Rs 12,636 crore issued in favour of foreign branches of Indian banks based on fraudulent claims.
While sending the four accused to the CBI custody, judge S R Tamboli said there were voluminous documents which needed a probe, and with which the accused were needed to confronted.
PNB scam case accused after being produced in a special CBI in Mumbai on Monday.
Kapil Khandelwal, CFO, Nakshatra group and Gitanjali group and Niten Shahi, manager, Gitanjali group, were arrested in the case related to Choksi's firms.
Vijay Agarwal, who is representing Ms. Mankikar in the case, said before the single Bench of Justice N.W. Sambre, "The petition seeks the High Court to hold the petitioner's arrest as illegal and unconstitutional as it was done in gross violation of the provisions of law".
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