CBI to send requests to 4 countries in PNB case

New Delhi: The CBI, probing the multi-crore PNB fraud case, will soon send judicial requests to four countries to get details about the overseas activities of firms linked to diamantaire Nirav Modi and Mehul Choksi.

Sources said investigators are in regular touch with the agency’s prosecution wing to finalise content of the requests which will be sent to the authorities concerned in the USA, Hong Kong, the UAE and Singapore. The agency will soon approach a competent court for sending these judicial requests or letters rogatory (LRs).

The LR request is for the purpose of identification and seizures of proceeds of crime and collecting documents, which are required in connection with the investigations. A letter  rogatory is a formal request from a court to a foreign court for judicial assistance. “The duo have spread their business operations in various countries. They had got issued multiple high-value letters of undertaking in favour of their firms from PNB, which resulted in disbursement of funds as per the SWIFT messages sent by PNB,” sources said.