PNB scam: Firestar's Vipul Ambani created disproportionate assets, says CBI

Central agency finds CFO of Nirav Modi's firm complicit in defrauding PNB

Sources in the  Central Bureau of Investigation claimed the agency has strong evidence to make a water-tight case against Vipul Ambani, president–finance, Firestar International, in the Rs 114-billion Punjab National Bank (PNB) fraud case.  

According to the sources, the central agency is in possession of crucial information, which shows that Ambani’s assets are disproportionate to his known source of income.  

According to a senior CBI official, Ambani’s assets are being examined and if the allegations are proved, the assests could be seized by the