Skip to main content

Vipul Ambani and other accused being taken to court in Mumbai on Wednesday

Continuing its probe into the Rs 11,300 crore fraud involving diamond merchant Nirav Modi and his uncle Mehul Choksi, CBI has arrested a general manager-rank official of Punjab National Bank.

Rajesh Jindal, posted as GM (credit) at the bank’s head office in New Delhi, was head of the Brady House branch in Mumbai from 2009 to 2011 when the the practice of issuance of letters of undertaking (LoUs) without sanctioned limits to the Nirav Modi group began.   

short by: Nishan Puthran/read more at TOI