Nirav Modi

The noose is closing in around Nirav Modi, with his passport and financial assets frozen. The Income Tax (I-T) Department yesterday restrained his bank accounts and fixed assets in connection with the multi-crore Punjab National Bank (PNB) scam. The taxmen attached a total of 21 bank accounts and eight of his assets. As per the order copy, I-T department searched the premises of Modi's company, Firestar Diamond, and attached international accounts and assets under sections 132 and153A of the Income Tax Act.