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PNB fraud: ED raids over 40 locations in several cities

PNB fraud: ED raids over 40 locations in several cities

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  20 Feb 2018 12:00 AM GMT

New Delhi, Feb 19: The Enforcement Directorate (ED) on Monday conducted searches at over 40 more locations in several cities across India in connection with the multi-crore Punjab tiol Bank (PNB) scam, an official said.

The agency raided 10 places in Mumbai, six each in Ahmedabad and Bengaluru, four in Cheni, three in Surat, two each in Bihar, Lucknow, Jalandhar and Hyderabad and one in Delhi. The raids are also being carried out at diamond merchant Nirav Modi’s house in Mumbai’s Worli.

An earlier IANS report, based on inputs from ED officials, had stated that a raid was carried out on Sunday at a Gitanjali outlet in Ambience Mall, Vasant Kunj. However, the mall in Delhi has written to IANS saying no such raid was conducted by the ED in Ambience, Vasant Kunj, “as we do not have any Gitanjali group store operating in our premises.”

The ED on Friday, Saturday and Sunday had conducted raids at 35, 21 and over 45 locations across India, respectively, in connection with the PNB fraud involving around Rs 11,300 crore. Till Saturday, diamonds, gold and jewellery worth Rs 5,674 crore had been seized during the raids, ED spokesman, Anil Rawal said. (IANS)

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