ALSO READSebi launches probe into trading, disclosure issues at PNB, Gitanjali Gems PNB fraud: Know Nirav Modi - the billionaire jeweller who scammed banks PNB scam: ED raids Nirav Modi, Gitanjali Gems, seizes Rs 51 bn in jewellery PNB scam: How Nirav Modi, one of India's richest men executed a $2 bn fraud PNB scam: Banks relied on Ind-Ra's rating of Nirav Modi firm to lend money
The name of Mehul Choksi, the owner of the store, features in the multi-crore rupees fraud.
A senior ED official told PTI that the department's officials went to the Camac Street store of Gitanjali Gems, but found the shop closed.
"It seems that the company was in the process of winding up the store," the official said.
Another team of ED officials visited a smaller Durgapur store, which is run on franchisee basis.
"It (the Durgapur store) may not be of much help for investigation purposes," the official said.
PNB has detected the scam in which billionaire diamond merchant Nirav Modi allegedly acquired fraudulent letters of undertaking (LoUs) from a branch in Mumbai to secure overseas credit from other Indian lenders.
Choksi is said to be Modi's uncle.
The ED official said there was no Nirav Modi-branded jewellery store in the city.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)