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PNB scam: CBI seals Nirav Modi's farmhouse

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ANI New Delhi [India]
Last Updated : Feb 21 2018 | 6:35 PM IST

The Central Bureau of Investigation (CBI) on Wednesday sealed jeweller Nirav Modi's farm house.

Covering an area of approximately 1.5 acres, the farm house is located in Alibagh, Maharashtra.

There is a bunglow inside the farm house named Roapanya.

Earlier, CBI had arrested a General Manager (GM) rank officer of Punjab National Bank (PNB), Rajesh Jindal, who was the Branch Head at PNB Brady House branch in Mumbai during August 2009 to May 2011.

During Jindal's tenure at PNB Brady House branch, the practice of issuance of Letter of Undertakings (LOU) without sanctioned limits to Nirav Modi group firms had started.

Jindal is presently posted as the General Manager Credit in New Delhi's PNB Head Office.

Earlier on Tuesday, the CBI arrested the president of Firestar International Pvt Ltd, Vipul Ambani.

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The law enforcement body also arrested Kavita Mankikar, executive assistant and authorised signatory of the three accused firms.

Arjun Patil, senior executive, Firestar group; Kapil Khandelwal, CFO, Nakshatra group, and Niten Shahi, manager, Gitanjali were also detained.

Meanwhile, Mumbai's Special CBI court sent Bechu Tiwari, Yashwant Joshi, and Praful Sawant to police custody till March 3.

Bechhu Tiwari, the then chief manager in the Forex department; Yashwant Joshi, Scale-II Manager in the Forex department; and Praful Sawant, Scale-I officer handling the exports section, were arrested on Monday.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Feb 21 2018 | 6:35 PM IST

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