PNB fraud: ED raids over 45 locations in 15 cities

It also conducted raids in Goa, Jaipur, Srinagar and Jalandhar cities whose locations are yet to be confirmed, the official said.

IANS
New Delhi, Publish Date: Feb 19 2018 12:49AM | Updated Date: Feb 19 2018 12:49AM
PNB fraud: ED raids over 45 locations in 15 citiesRepresentational Pic

The Enforcement Directorate (ED) on Sunday conducted searches at over 45 more locations in 15 cities across India in connection with the multi-crore Punjab National Bank (PNB) scam, an official said.

The agency raided 10 places in Bengaluru, seven in Delhi, five each in Kolkata and Mumbai, four each in Chandigarh and Hyderabad, three each in Patna and Lucknow, two in Ahmedabad and one each in Chennai and Guwahati. 

It also conducted raids in Goa, Jaipur, Srinagar and Jalandhar cities whose locations are yet to be confirmed, the official said. 

In Delhi, the ED conducted raids at the Gitanjali brand counter in MGF mall in Saket, Ambience mall in Vasant Kunj, Gitanjali counter shoppers stop in Janakpuri, RCube in Rajouri Garden, Regal jewellers and Gitanjali store in Dwarka sector 11 and Rohini. 

The ED on Friday and Saturday also conducted raids at 35 and 21 locations across India respectively in connection with the fraud involving around Rs 11,300 crore and has seized diamonds, gold and jewellery worth Rs 5,674 crore. 

The ED on Thursday registered a FIR under the Prevention of Money Laundering Act and conducted raids after the surfacing of the alleged fraud by billionaire diamond trader Nirav Modi and his Mumbai-based firms -- Diamonds R Us, Solar Exports and Stellar Diamonds.

The action is based on a Central Bureau of Investigation (CBI) case registered against Nirav Modi on Wednesday in connection with a fraud involving Rs 6,498 crore.

The CBI on Thursday registered fresh FIRs against 10 directors of the Gitanjali Group of companies on charges of criminal conspiracy and cheating under the Indian Penal Code (IPC) and Prevention of Corruption Act, including Mehul Choksi, the Managing Director of Gitanjali Gems Ltd based in Mumbai's Walkeshwar. 

The FIR also named two former bank employees said to be directly involved in the fraudulent transactions. 

Additionally, three companies of Gitanjali Group were also named in the CBI FIR for defrauding Rs 4,886.72 crore.  

Latest News

  1. ED imposes Rs 14.4 lakh penalty on Hurriyat (G) chairman Geelani
  2. ED imposes Rs 14.4 lakh penalty on Hurriyat (G) chairman Geelani
  1. PSO of Anantnag municipality chairman injured in suspected militant attack
  2. PSO of Anantnag municipality chairman injured in suspected militant attack
  1. Shopian gunfight ends, two militant bodies recovered; searches on
  2. Shopian gunfight ends, two militant bodies recovered; searches on
  1. Elect your candidates on promise versus performance basis: Altaf Bukhari to workers
  2. Elect your candidates on promise versus performance basis: Altaf Bukhari to workers
  1. Er Rasheed to fight Lok Sabha polls from Baramulla constituency
  2. Er Rasheed to fight Lok Sabha polls from Baramulla constituency
  1. Policemen hit by stone during clashes in Shopian
  2. Policemen hit by stone during clashes in Shopian
  1. Governor’s grievance cell disposes of 55195 complaints
  2. Governor’s grievance cell disposes of 55195 complaints
  1. New Delhi won’t achieve anything by banning JeI, mass arrests: Sajad Lone
  2. New Delhi won’t achieve anything by banning JeI, mass arrests: Sajad Lone
  1. Friday prayers barred at Jamia Masjid in Srinagar, third time this month
  2. Friday prayers barred at Jamia Masjid in Srinagar, third time this month
  1. Govt should come out with 'more facts' on Balakot strikes, 'baffled' by PM's reaction: Pitroda
  2. Govt should come out with 'more facts' on Balakot strikes, 'baffled' by PM's reaction: Pitroda
  1. Farooq leads campaigning of alliance candidates in Jammu
  2. Farooq leads campaigning of alliance candidates in Jammu
  1. Hajin Gunfight: Police identifies two slain militants
  2. Hajin Gunfight: Police identifies two slain militants
  1. Pulwama resident allegedly affiliated with Jaish held in south Delhi
  2. Pulwama resident allegedly affiliated with Jaish held in south Delhi
  1. Ten injured in Shopian clashes, one suffers gunshot wound in neck
  2. Ten injured in Shopian clashes, one suffers gunshot wound in neck
  1. Pakistan might discover a very big reserve of oil and gas: PM Imran Khan
  2. Pakistan might discover a very big reserve of oil and gas: PM Imran Khan
  1. India boycotts Pak Day event as Kashmiri Hurriyat leaders invited
  2. India boycotts Pak Day event as Kashmiri Hurriyat leaders invited
  1. Jammu and Kashmir: Four militants, minor boy killed in gunfights in Shopian, Bandipora
  2. Jammu and Kashmir: Four militants, minor boy killed in gunfights in Shopian, Bandipora
  1. Clashes break out near gunfight site in Shopian
  2. Clashes break out near gunfight site in Shopian
  1. Militant killed in ongoing Shopian gunfight: Army
  2. Militant killed in ongoing Shopian gunfight: Army
  1. Two militants, minor boy killed in Hajin gunfight
  2. Two militants, minor boy killed in Hajin gunfight
  1. Mirwaiz placed under house arrest ahead of JRL protest call
  2. Mirwaiz placed under house arrest ahead of JRL protest call
  1. 44 dead after blast rocks industrial park in China
  2. 44 dead after blast rocks industrial park in China
  1. 93 people dead as ferry sinks in Iraq: Minister
  2. 93 people dead as ferry sinks in Iraq: Minister
  1. Sopore resident among two militants slain in Baramulla gunfight; thousands attend last rites
  2. Sopore resident among two militants slain in Baramulla gunfight; thousands attend last rites
  1. Gunfight underway in south Kashmir's Shopian
  2. Gunfight underway in south Kashmir's Shopian
  1. Sopore gunfight: Fresh exchange of fire after nightlong lull
  2. Sopore gunfight: Fresh exchange of fire after nightlong lull
x
This site uses cookies to deliver our services and to show you relevant news and ads. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Service.That's Fine