Kolkata: On Sunday, ED officials starts searching and raids at various properties at Kolkata. On Saturday, ED officials continued searches and raids of Nirav Modi. Raids underway by ED officials at a Gitanjali Gems Store in Durgapur, West Bengal. On Sunday, raids continue in New Town’s CC2 and Salt Lake CC1.
On Friday, the ED continued searches and raids at various properties of Nirav Modi. The central probe agency searched 35 locations across India and seized stocks of gold, diamond and precious stones worth Rs 549 crore. A day before, it had seized assets worth Rs 5100 crore. It also directed Nirav Modi’s head office that no sale or purchase should happen in showrooms in New York, London, Macau and Beijing.
The Central Bureau of Investigation (CBI) on Saturday made the first arrest in the Nirav Modi-PNB fraud case. The CBI has arrested Punjab National Bank’s former deputy manager Gokulnath Shetty and Manoj Kharat, SWO (single window operator) over Nirav Modi’s fraudulent transactions of over Rs 11,400 crore. (Also Read: The ‘Diamond King’ Was Planning to Sneak Out Since 2016)
The investigation agency has also arrested Hemant Bhat, Authorised Signatory of the Nirav Modi Group of Firms. Nirav Modi is accused of triggering Rs 11,300 crore fraud on Punjab National Bank. The raids are underway at a Gitanjali Gems store in Durgapur, West Bengal. The Enforcement Directorate (ED) seized property worth Rs 3 crore on the third day of raids in Nirav Modi-PNB fraud case.