Letter Of Understanding

PNB scam: CBI scans balance sheets of 18 Gitanjali group subsidiaries promoted by Mehul Choksi

The CBI is examining balance sheets of 18 India-based subsidiaries of the Gitanjali group of companies promoted by Mehul Choksi to understand the money trail of funds taken from various banks on the basis of Rs 11,384 crore of guarantees furnished by the Punjab National Banks, officials said on Sunday.

Punjab National Bank scam: CBI, ED continue raids on Nirav Modi, Mehul Choksi, seize ornaments worth Rs 549 crore

Central probe agencies CBI and ED on Friday continued their crackdown in a Rs 11,400-crore Punjab National Bank fraud case involving billionaire jewellery designer Nirav Modi and family, registering a fresh case against his maternal uncle Mehul Choksi, and claimed to have seized ornaments worth Rs 549 crore during raids