PNB Fraud: ED conducts 39 raids on Monday; Rs. 5716 crores assets seized
PNB Fraud: ED conducts 39 raids on Monday; Rs. 5716 crores assets seized
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The Enforcement Directorate (ED) informed about raiding thirty-nine places on Monday and raising the worth of assets seized to Rs 5716 crores. Ten out of the 39 raids were conducted in Mumbai.

The Central Bureau of Investigation told to the media about questioning 17 officials from Punjab National Bank and Nirav Modi Group out of which 13 are from the former and four from the latter. The CBI also said that it is also being probed as to why wasn’t, Gokulnath Shetty, a former manager at PNB, promoted in all these years.

“We will find out how the money laundering took place. As it is in the foreign jurisdiction it will take time to investigate,” said a source from Enforcement  Directorate.

Until now, neither Nirav Modi nor any other accused has replied to any of the summons sent to them. The CBI will now seek Interpol’s help to locate Nirav Modi and his family.

Mehul Choksi, one of the accused, will appeal in the Delhi High Court in response to an FIR registered against him by seven students from Rajasthan Institute of Engineering and Technology, Jaipur.

The political parties are still playing the blame game and score for the upcoming elections in various countries.

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