Gitanjali Group cheated PNB of Rs 48.86 bn, says CBI after filing fresh FIR

CBI searches premises of Gitanjali group of companies at 20 locations in six cities; approaches Interpol

A day after Enforcement directorate (ED)'s multiple-city search operation, the Central Bureau of Investigation (CBI) has filed a second first information report (FIR) against Gitanjali group of companies in the Punjab National bank (PNB) fraud case. 

According to the CBI officials, the fresh FIR was based on a complaint filed by the bank on February 13, claiming fraud of Rs 114-billion. CBI said that the alleged loss to PNB was over Rs 48 billion (Rs 4,886 crore). The FIR named three companies—Gitanjali Gems, Gili India and Nakshatra Brand. 

Meanwhile, the central agency is conducting searches in