Everyone wants Nirav Modi: These are the 7 agencies investigating PNB fraud case

Updated on Feb 20, 2018 06:26 PM IST

A look at the multiples agencies probing the fraud perpetrated on Punjab National Bank.

Enforcement Directorate team raids the Viviana Mall after a complaint filed by Punjab National Bank over Nirav Modi's fraud case, in Thane on February 16, 2018.(PTI File Photo)
Enforcement Directorate team raids the Viviana Mall after a complaint filed by Punjab National Bank over Nirav Modi's fraud case, in Thane on February 16, 2018.(PTI File Photo)
Hindustan Times, New Delhi | By

Punjab National Bank, India’s second-biggest public sector bank, stunned the country’s financial sector when it announced last week it had discovered fraudulent transactions worth Rs 11,400 crore at a single branch in Mumbai.

The case is centred around diamond billionaire Nirav Modi who allegedly acquired fraudulent letters of undertaking from a branch in Mumbai to secure overseas credit from other Indian lenders.

A multi-agency probe is underway and investigators have been conducting searches at PNB branches and at Nirav Modi’s home and offices.

Here are the agencies involved in investigating the case:

(with agency inputs)

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