The massive Punjab National Bank (PNB) fraud just got bigger, with the scam-hit lender saying that the fraud allegedly perpetrated by absconding businessman Nirav Modi and his uncle Mehul Choksi may be worth around $2 billion, over $204 million more than the previous estimate. Meanwhile, the key accused in the alleged scam -- Modi, his wife Ami, and Choksi -- on Monday skipped their scheduled appearance before the Enforcement Directorate (ED) in Mumbai.

The ED will also be looking for information about Modi and Choksi's assets in six foreign countries. The hunt for their foreign ...