The case relates to the over Rs 12,700 crore Punjab National Bank alleged fraud by diamond merchant Nirav Modi and his uncle Mehul Choksi, owner of Gitanjali gems.
ICICI Bank said in a statement that it has no exposure to the Nirav Modi group of companies but noted, "We are working capital lenders to the Gitanjali group of companies along with several other banks in the consortium".
Sources said the two top bank officials would be questioned with regard to giving loan facility to the Gitanjali Group. The SFIO has summoned ICICI Bank Chief Chanda Kochhar and Axis Bank's Shikha Sharma for interrogation in connection with the big bank scam.
Earlier, a senior official of the ICICI Bank was summoned to the CBI office in Mumbai.
ICICI Bank led a consortium of 31 banks that lent money to the Gitanjali Group.
"The SFIO has today sought information on the accounts of the Nirav Modi and Gitanjali groups of companies". The ED has also traced some of the money being routed back to the banks for re-issuing letter of undertaking, or LoUs. On Tuesday, V Srinivasan, Deputy Managing Director of Axis Bank, visited the SFIO office in Mumbai. With Axis Bank and ICICI Bank complying with the SFIO summons, other lenders are likely to follow the suit. "The bank will submit all the required documents to the authorities", said an Axis Bank official.
SFIO and Enforcement Directorate (ED) are investigating 31 private and state-run banks that in a consortium gave working capital loans worth Rs5,280 crore to Choksi-controlled Gitanjali Gems Ltd starting 2009, a person with direct knowledge of the matter said. Since they had no pre-arranged credit limit, the branch official asked the companies to put down the full amount as collateral so the bank could issue LoUs to authorise the credit.
Choksi is facing allegations for getting letters with Nirav Modi Letters of Undertakings (LoUs) and Foreign Letters of Credit (FLCs) of Rs 12,636-crore issued in favor of the foreign branches of Indian banks based on the fraud claims on both.
One man was killed and dozens of buildings and vehicles damaged during clashes in the south of the country in November. Prime Minister Ranil Wickremesinghe also ordered an investigation into alleged police inaction in handling the clash.
The driver was taken into custody. "We are praying for the families are going through this tragedy", de Blasio said. EMT arrived on the scene to the tragic sight, and had to assist the mother as her little girl lay on the ground.
Sporadic clashes between rival political groups were reported in different parts of Tripura after the poll results were declared. Bharatiya Janata Party swept the assembly elections in Tripura for the first time in history.
Even though she wasn't up for any awards, there's no question that Tiffany Haddish was the unofficial victor of the Oscars . When they're like, "I'm sorry, you're not on the list". "I gotta pay for these dresses". "That was fantastic ", she gushed.
Swansea City turned to "rock'n'roll" football to lead West Ham a merry dance and rocket up to 13th in the Premier League table. With ten games of the season remaining, West Ham are now 13th in the top-flight, three points above the relegation places.
The filmmakers, the producers, the directors, the writers, the cinematographer, the composers, the songwriters, the designers. Actress Emma Watson took to the Oscars red carpet on Sunday evening with a cause close to her heart tattooed on her arm.
Harm to Qualcomm's innovation would allow China to expand its influence in key wireless technology, the government said . Bloomberg reported that Broadcom's slate of board of director candidates was expected to be elected at the meeting.
The notice also advised USA citizens in Turkey should avoid large crowds, keep a low profile and otherwise be cautious. Meanwhile, Deputy Prime Minister Bekir Bozdağ said that Turkey is the country most effectively fighting against Daesh.
Jack Wilshere has issued a public apology to Arsenal fans after the 2-1 loss at Brighton on Sunday, saying they "deserve better". Wenger said he is focussing on doing his job when asked about stepping away from his post.
According to The Canadian Press , Toronto police have recovered a seventh set of remains linked to the alleged serial killer. Michael Pollanen, the chief forensic pathologist for the province, to explain the scope of the investigation.
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The FBI has launched an investigation into the mid-air drama, and possible charges have been referred to the prosecutor's office. Boise police are investigating the incident and told ABC affiliate KGO that the woman was held for a medical evaluation.
Disney's " Christopher Robin " is a new live-action movie about Winnie the Pooh and his dearest human friend Christopher Robin . But after seeing Goodbye Christopher Robin recently, I'm not sure how I feel about the continued exploitation of Pooh.
Jammu and Kashmir Liberation Front chief Yasin Malik was arrested from here on Monday during a protest march against the killings. In major parts of the Srinagar city as well as major towns and villages of the Valley, restriction have been imposed.
Underneath the new bodywork lies Toyota's TNGA platform, which also underpins models like the Prius and the C-HR. It will slowly phase out the diesel models from its lineup over the course of this year.
With England going 2-1 up in the series, Morgan was not prepared to complain about the process for ruling on disputed catches. The indications are that they were honest with themselves after the opening game and resolved to do better which they did.
Barnaby Joyce has revealed that he may not be the father of partner Vikki Campion's baby boy that she is expecting in April. The former deputy prime minister claims he was on a trip to Europe at around the time she conceived.
The Steelers had been hopeful they would be able to reach an agreement with Bell before the March 6 franchise tag-deadline. Pittsburgh Steelers' RB Le'Veon Bell is expected to receive his second straight franchise tag from the team.
To close out 2017, Nintendo launched a sequel to the original Xenoblade Chronicles RPG series, Xenoblade Chronicles 2 . It did not, however, indicate what may be causing the games to reset, leaving players to speculate.
The president, a former NY property developer, claimed that he is saving taxpayer dollars on the construction of the embassy. The Palestinians, meanwhile, said Trump's decision on Jerusalem renders the United States an unreliable actor in peace talks.
I can tell you that David Warner is very personal and can assure you that whatever was said, Warner has said worse. Starc had match figures of nine for 109 and was particularly effective against South Africa's tailenders.