The Central Bureau of Investigation (CBI) on Monday sealed the Punjab National Bank's MCB Brady House branch in Mumbai, from where fraudulent transactions related to PNB fraud were carried out by India's billionaire jeweler Nirav Modi.
The branch was sealed a day after CBI took control of the entire campus of the branch for an intensive search operation. Punjab National Bank's Brady Road branch in Mumbai is at the centre of a mammoth banking fraud involving billionaire jewelers Nirav Modi and Mehul Choksi.
The agency started questioning of five more officials, including general manager-level officers, taking the total number of those being quizzed to 11.
Here are the live updates -
# Two hours presentation of PNB fraud case given to Central Vigilance Commission (CVC) by PNB, RBI and Dept of Financial Services officials.
# CVC asks for names of officials who were involved and sought identification of officials who could have taken action and prevented the fraud.
# We had invested in Gitanjali & met MehulChoksi in the process. We opened a store, within 1-2 months we realised that the company is in bad shape. Our store was shut down within 3-4 months. The company duped us & stole our stock worth Rs 80 Lakh: Vaibhav Khuraniya, Petitioner
# The drama had begun in 2013 & fraud started back in 2011-12. We had informed CBI, SEBI, EOW, ED, had they been alert on time he wouldn't have escaped. However we had this intuition that he is bribing his way out & matter isn't reaching to higher authority: Petitioner
# Petition filed in Supreme Court seeking an SIT probe in PNB Fruad case
# ED raids Gitanjali Gems outlet in Pacific Mall in Pune
# ED raids underway at 5 locations; 3 locations in Surat, 1 in Delhi
# ED raids underway at 2 locations in Pune, 3 locations in Thane, and 1 location in Aurangabad
ED raids underway 2 locations in Pune, 3 in Thane and 1 in Aurangabad— ANI (@ANI) February 19, 2018
# Enforcement Directorate raids Nirav Modi's Mumbai residence along with 3 locations in Surat and 1 in Delhi
ED raids underway at 5 locations; 3 locations in Surat, 1 in Delhi and #NiravModi's Mumbai residence— ANI (@ANI) February 19, 2018
# Advocate Vijay Aggarwal who represented a number of accused persons in the 2G spectrum case, to be the lawyer for NiravModi
# CBI questions Nirav Modi's staffer
# Central Vigilance Commissioner KV Chowdhary will meet scam-hit Punjab National Bank’s (PNB) Chief Executive Officer Sunil Mehta and the Chief Vigilance Officer on Monday to seek an explanation on the Rs 11,360 crore fraud
# Income Tax Department attached 9 more accounts of Gitanjali group, with balance of Rs 81 Lakh, Income Tax sources tell ANI.