The South Asian Times

21 September 2018 23:43 PM

CBI arrests Gitanjali Group VP in PNB fraud case

By IANS

New Delhi/Mumbai, March 6: The CBI on Tuesday arrested the Vice President of Banking Operations of Mehul Choksi's Gitanjali Group in connection with its ongoing probe into the multi-crore Punjab National Bank (PNB) fraud case, officials said.

"Vipul Chitalia was arrested by the agency officials after a brief questioning," a Central Bureau of Investigation (CBI) official told IANS in Delhi.

He also said that Chitalia would be produced before a court in Mumbai later in the day.

Earlier in the morning, he was taken away from the Mumbai airport by the CBI, soon after he landed in the city from Bangkok.

Choksi, along with diamond jeweller Nirav Modi, has been accused of defrauding the PNB of Rs 12,600 crore, with Rs 1,300 crore being added to the fraud kitty on February 26.

The CBI had filed the first FIR in the scam on February 14 against Nirav Modi, his wife Ami, brother Nishal, uncle Choksi and his firms Diamond R US, Solar Exports and Stellar Diamond.

Modi, his family and Choksi had left the country in early January.

The CBI filed a second FIR on February 15 over a Rs 4,886.72-crore fraud against Choksi's Gitanjali Group.

To date, the Enforcement Directorate (ED) has carried out searches at over 198 locations across the country and seized properties worth nearly Rs 6,000 crore, while the CBI has arrested at least 19 persons in the case so far.

Update: 06 March, 2018

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