New Delhi, Feb 16: The CBI on Friday registered an FIR against the Gitanjali Group of companies following a complaint registered by the Punjab National Bank in a multi-crore fraud case.
The PNB had lodged the complaint on February 13 in connection with $1.8 billion fraudulent transactions.
Searches were underway on Friday at 20 locations related the Gitanjali Group of companies in six cities and five states.
Nirav Modi’ s uncle and business associate Mehul Choksi is the chairman of Geetanjali Group.
Billionaire diamond trader, Nirav Modi has been accused by the PNB of fraud along with his wife, Ami and brother Nishal Modi and partner Choksi.
On Thursday, several outlets belonging to the Modis and Choksi were searched by the Enforcement Directorate. Assets, including gold, jewellery and diamonds had been seized.