| New Delhi |
Up to date: February 21, 2018 eight:50 am
Making the primary high-profile arrest after the Punjab Nationwide Financial institution complained about fraudulent transactions value Rs 11,400 crore, the CBI Tuesday arrested Vipul Ambani, President (Finance) of Firestar World, the flagship corporate of diamantaire Nirav Modi, and two of Ambani’s colleagues.
The company additionally arrested two executives of businesses owned by way of Nirav Modi’s uncle Mehul Choksi.
Rather then Ambani, a nephew of the overdue Dhirubhai Ambani, the ones arrested by way of the CBI were recognized as Kavita Mankikar, government assistant and authorized signatory of Nirav Modi’s 3 corporations that are being probed; Arjun Patil, senior government with Firestar; Kapil Khandelwal, CFO of Choksi’s Nakshatra and Gitanjali teams; Niten Shahi, supervisor at Gitanjali.
CBI resources claimed that the arrested folks had been chargeable for getting Letters of Endeavor issued illegally with lend a hand of a few PNB officers.
The probe company has wondered 14 other folks and carried out searches at a bungalow owned by way of Nirav Modi in Alibaug close to Mumbai.
Amongst the ones being wondered are 10 PNB officers, together with an government director-level authentic, resources mentioned. The financial institution has 4 government administrators.
The company may be wondering seven executives of Nirav Modi’s firms and 6 executives of Choksi’s corporations.