Business Standard

I-T sleuths question PNB's Sunil Mehta; CBI arrests Firestar's Vipul Ambani

The CBI also questioned an executive director of the PNB along with nine other officials

punjab national bank, pnb
Premium

A Central Bureau of Investigation (CBI) official looks out from a closed door of a Punjab National Bank branch in Mumbai | Photo: Reuters

Somesh JhaPTI New Delhi
Income tax (I-T) officials on Tuesday questioned Punjab National Bank (PNB) Managing Director and Chief Executive Officer Sunil Mehta in the Rs 114 billion scam allegedly involving Nirav Modi and the Mehul Choksi group of companies. “The I-T department came to the PNB headquarters for questioning that went on for hours,” said a source.

Meanwhile, the Central Bureau of Investigation (CBI) arrested Vipul Ambani, the president (finance) of Modi's Fire Star Diamond, the first high-profile arrest in the case, officials said. Four other senior executives were also arrested by the agency in connection with two FIRs registered by it in

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in