19 February, Mumbai
The CBI Monday sealed the Brady House Branch of the Punjab National Bank in Mumbai in connection with the alleged 11,400 crore rupee fraud case involving billionaire jeweller Nirav Modi and his business partner Mehul Choksi.
The agency posted an official notice outside the branch, which the bank’s second largest national outlet.
CBI had yesterday started an intensive search operation at the branch where the fraud originated.The agency is also questioning Vipul Ambani, the Chief Financial Officer of Nirav Modi’s Fire Star diamond company in connection with the case.
The CBI had started an intensive search operation at the Brady House Branch of PNB in Mumbai. This branch is at the centre of a colossal banking fraud involving billionaire jewellers Nirav Modi and Mehul Choksi.
After yesterday’s search operation the CBI today pasted an official notice barring everyone from opening and entering the branch without its prior permission.
The agency is questioning Vipul Ambani, the Chief Financial Officer of Nirav Modi’s Fire Star diamond company.
The Enforcement Directorate is conducting raids across the country, including in Pune, Thane and Mumbai, in connection with the case today.