CBI files fresh case against Nirav Modi

     Written by : SMTV24x7 | Thu, Mar 08, 2018, 12:45 PM

CBI files fresh case against Nirav Modi

New Delhi, Mar 08: The CBI on Thursday said that it has registered a fresh case against diamantaire Nirav Modi for causing a loss of Rs 321 crore to Punjab National Bank (PNB) by availing different credit facilities between 2013 and 2017.

CBI named in its latest FIR Nirav Modi, who fled the country along with his family in January first week Vipul Ambani – President (finance) of Firestar who was arrested last month; Ravi Shankar Gupta – Chief Financial Officer of FIrestar, other directors/promoters of the company and unknown officials of the second largest public sector bank.

This is the second CBI case in which Nirav Modi has been named by the investigating agency.In its complaint to the CBI, the bank alleged that during its internal investigation it had spotted circular transactions between the diamantaire promoted partnership firms namely -- Solar Exports, Stellar Diamonds and Diamond R Us -- and Firestar group of companies.