Punjab National Bank moves Hong Kong HC against Nirav Modi

NEW DELHI: Following the recent multi-million-dollar scam involving several banks, Punjab National Bank on Saturday moved the Hong Kong High Court against absconding jewellery designer Nirav Modi.An official from the bank said that it would approach the courts of other countries where Nirav Modi and Mehul Choksi have assets and businesses.In April, the Ministry of External Affairs had sought a provisional arrest of Modi by the Hong Kong government in connection with the close to $2 billion scam case.

from The Economic Times https://ift.tt/2HElBf9