"Original sin in this episode of Nirav Modi was committed in 2011", senior BJP leader and defence minister Nirmala Sitharaman said at a press briefing.
In the interim, the Ministry of External Affairs has suspended the legitimacy of the visas of specialists Nirav Deepak Modi and Mehul Chinubhai Choksi, who have been blamed for punching a conceivable $1.77-billion gap in the Punjab National Bank's coffers, with prompt impact on the counsel of the Enforcement Directorate.
Singhvi said, in a statement, that Nirav Modi's company was a tenant of a Kamla Mills property owned by Adwait Holdings in which his wife and sons are directors.
New Delhi, Feb 18 Indian stock markets this week will take cues from global trends, crude prices and the developments on the domestic front amid concerns that the ripples of alleged scam at Punjab National Bank may hit some other PSU banks, according to experts.
Mishandling of Tip About FL Shooter Is 'Unforgivable — Former FBI Official
Since he was in middle school, it was no surprise to anyone who knew him to hear that he was the shooter. At last check, there were still 7 victims in the hospital recovering from Wednesday's shooting.
ED raids continue at various locations in PNB scam regards, CBI arrested Ex-PNB Deputy Manager, Gokulnath Shetty and two other officials of PNB on Saturday. That amount is nearly a third of the bank's market value, and many times its quarterly profits.
Modi, 46, has been a regular feature on the lists of rich and famous Indians since 2013. Modi's brother and wife are not Indian nationals.
The PNB fraud pertains to issuance of fake Letters of Understanding (LoUs) to companies associated with billionaire jeweller Nirav Modi by errant PNB employees, which enabled these companies to raise buyers credit from global branches of other Indian lenders. A fresh FIR has been filed by the CBI on Friday.
Replying to a question on why most of the LoUs used by Nirav Modi were renewed in 2017, Ms Sitharaman said that the main reason was that they were not in the core banking system and it was only after the Modi government put in the self-correcting measures in the system that the matter got flagged. In the complaint, PNB had named three diamond firms - Diamonds R Us, Solar Exports and Stellar Diamonds - saying they had approached it on January 16 with a request for buyers credit for making payment to overseas suppliers.
Israel's Netanyahu attacks 'dangerous Iranian tiger'
Kerry, one of the leading negotiators on the deal, told the Munich Security Conference on Sunday that "this is untenable". Zarif, do you recognize this?", bringing laughter from the crowd. "Concessions to Hitler only emboldened the Nazis.
Meanwhile, the CBI has sought help from authorities all over the world through Interpol to locate Nirav Modi and airports have been informed through diffusion notice.
PNB has also claimed Mr Modi is involved in a $1.8bn (£1.3bn) fraud.
Reports said ED and CBI are conducted searches at premises of Nirav Modi and his franchise Geetanjali Gems' showroom across India in connection with the scam.
Jewellery traders fear that after this fraud, banks would be more cautious about lending to them, which would hurt their credit flow.
Russian church shooting leaves 4 dead
Initial reports suggested all five victims were women, TASS said, citing the local branch of the interior ministry. A group that calls itself the local wing of the Islamic State extremist group has claimed responsibility.