PNB scam: Residence of Gili's director sealed

February 22, 2018 09:58

In the wake of the Punjab National Bank fraud case, the Enforcement Directorate on Wednesday sealed the residence of Gili India Limited director Aniyath Shivraman at Kalyan in Maharashtra's Thane district.

The ED also seized several important documents related to the Punjab National Bank. Meanwhile, all four people, accused of cheating the Punjab National bank to the tune of Rs 11, 400 crores, were sent to police custody on Wednesday.

A special Central Bureau of Investigation court sent all the four, including celebrity jewellery designer Nirav Modi's Firestar Diamond President Vipul Ambani, to custody till March 5.The PNB detected a 1.77 billion dollar (Rs 11,400) scam, in which jeweller Nirav Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders. -- ANI

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