Question Hour: Did loopholes in banking system lead to Rs 11000 crore fraud?

The Enforcement Directorate (ED) on Thursday raided several locations of Jeweller and businessman Nirav Modi, the prime accused in multi-crore Punjab National Bank or PNB fraud case. ED conducted raids at Nirav Modi’s showroom and office in Mumbai’s Kala Ghoda. Apart from that, the law enforcement agency also raided Modi’s three locations in Surat and two in Delhi.