Nirav Modi says can't depose before ED; fresh summons served to him

Earlier this week, in a letter, Modi had alleged that PNB's overzealousness had shut the doors on his ability to clear the dues

Fresh summons was issued against diamantaire Nirav Modi, after he failed to appear and depose before the Enforcement Directorate (ED) today, official sources said.

They added that Modi had replied to the ED's investigating officer (IO), who is probing the role of the diamond merchant and his uncle Mehul Choksi, the promoter of Gitanjali Gems, in the Rs 114-billion alleged fraud at the Punjab National Bank (PNB), and cited the temporary suspension of his passport and pending business issues as reasons for his non-appearance.

Modi was summoned by the ED under the Prevention of Money Laundering Act (PMLA). The sources said he