You are here: Home » Finance » News » Banks
Business Standard

CBI questions 10 PNB officials, 18 employees of Nirav Modi, Gitanjali group

A Central Bureau of Investigation (CBI) team also conducted raids at diamantaire Nirav Modi's Alibaug farmhouse near Mumbai

IANS  |  New Delhi 

Gitanjali Group,Tax evasion,Tax,Income tax in the United States,Jewelry,beleaguered diamond jewellery designer,Maharashtra,Income Tax Department,bank accounts,Singapore,Mehul Choksi,Mumbai,Gitanjali Gems Limited,Gili India Limited.,UN Court,Mehul Chi
Officials look on during a raid conducted by Enforcement Directorate at a Nakshatra store in connection with multi-crore Punjab National Bank scam. File Photo: PTI

The on Tuesday questioned 10 (PNB) officials, including an Executive Director, and 18 employees of Nirav Modi and of firms in Rs 114 billion bank fraud case.

A Central Bureau of (CBI) team also conducted raids at diamantaire Nirav Modi's Alibaug farmhouse near Mumbai which has a palatial bungalow, an official said.

Apart from questioning of Mumbai-based PNB's Brady house branch employees, eight staffs and associates of Nirav Modi group of companies comprising two Chief Financing Officers - Ravi Gupta and Vipul Ambani, Division Saurabh Sharma and Executive Subhash Parab were also examined.

The also questioned 10 employees of of firms - Gitanjali Gems Ltd, Gili India Ltd and Nakshatra Brands Ltd.

of companies and its India-based 18 subsidiaries are headed by Mehul C. Choksi who is accused along with his nephew Nirav Modi in the multi-crore fraud.

"Most of the and Nirav Modi company's employees were also questioned for over eight hours on Monday," the official said.

The central probe agency also said to have seized some significant documents from the Navi Mumbai, Andheri and Dombivli residences of three officials who were arrested on Monday.

The CBI had raided these places on Monday night after the arrest of Brady house branch's Chief Manager Bechu B. Tewari and two of his colleagues Yashwant Joshi, Scale II Manager (Forex department) and Praful Sawant, Scale I officer (Export) after their day long questioning.



First Published: Tue, February 20 2018. 21:52 IST