Sebi and the exchanges are also probing Choksi and his listed entity Gitanjali Gems for any disclosure lapses.
He also said that no one from his family has anything to do with Gitanjali or Nirav Modi companies.
The BJP also tried to distance itself from the scam saying it was a banking scam and not an issue of government corruption as it was in the case of 2G, CWG and coal block allocation. "I can say with confidence that this gentleman is not in touch with any of our officials", Kumar told reporters during a press conference on Friday evening.
"The amount is big".
The ministry said that it had asked them to respond within a week and explain why their passports should not be impounded or revoked.
The bank had named Modi and several others in an earlier complaint to authorities on January 31, accusing them of "cheating" the bank of around 2.8 billion rupees ($44 million). Neither has been charged with any offense. Authorities have registered a money laundering case against Modi, one of India´s richest men and jeweller to top Hollywood stars including Kate Winslet and Naomi Watts.
While market regulator Sebi has launched a probe into trading and disclosure related issues in connection with PNB and Gitanjali Gems, the Institute of Chartered Accountants of India (ICAI) will examine whether there have been lapses on the part of auditors.
The Congressleader said he reserved the right to take appropriate legal action against Sitharaman and a section of the media "which carry such false and maliciously defamatory allegations".
Modi has not spoken about the case so far. "What is important is that the premises has been used by Firestar Diamond International", she said.
A few years ago, former IPL Chairman Lalit Modi fled from India when the Enforcement Directorate (ED) launched an investigation into the accusations of his financial irregularities.
Sibal also questioned why the HRD Minister and the Social Justice Minister were fielded by the government to defend it on the matter.
"However, just recently (last week of January), this gentleman was seen and photographed with prime minister Narendra Modi in Davos (Switzerland)", the Sena said in stinging editorials in the party mouthpieces "Saamana" and "Dopahar Ka Saamana" on Saturday.
The most distant photo ever taken
New Horizons is now on its way to a KBO named 2014 MU69 , with which it's expected to make a close encounter on Jan 1, 2019. Well, New Horizons has outdone itself again, setting a record for the farthest photos ever taken from Earth.
3438 civilians killed in Afghanistan previous year
In western Farah province, police commander Abdul Razaq Alkhani said a Taliban attack killed seven policemen on Wednesday night. US President Donald Trump introduced a more aggressive US strategy in Afghanistan in August including a surge in air strikes.
Meet Woody, Buzz Lightyear this summer at Toy Story Land
Visiting guests will "shrink" to the size of a toy and join in on the fun with Woody, Jessie, Buzz and Andy's other beloved toys. The Walt Disney World Resort announced today that its new Toy Story Land will open on June 30 at Disney's Hollywood Studios .
South Africa's new leader pledges to tackle state corruption
Low growth rates and dwindling investor confidence were compounded by two credit agencies downgrading the economy to junk status. I don't watch it because I don't care, I do care about about what is happening in South Africa, because I am a citizen.
Romney Announces Run for Utah Senate Seat
He figures Romney will take advantage of a new option created by the state legislature to get on the ballot by petition. Three people with direct knowledge of the plan say Romney will formally launch his campaign in a video on Thursday.
Sea of Thieves PC specs run the gamut of computers
The " Sea of Thieves' " video card suggestions are also divided into " GPU " and "modern GPU " categories. The ship changes with every new game session. "That's a hard and fast principal to us", concludes Duncan.
Woman Pulls 14 Worms Out Of Her Eye
Most people avoid contracting eye worms because they wave away flies that land on their face, Bradbury said. After removing all the worms, Beckley had no additional symptoms; neither did the worms recur.