Mumbai, March 5: A special Central Bureau of Investigation (CBI) Court on Monday sent Vipul Ambani, president (Finance) of Nirav Modi’s Fire Star Diamond and five others to judicial custody for fourteen days.
Along with Ambani, the five others include, Arjun Patil (senior executive, Firestar group), Kapil Khandelwal (CFO, Nakshatra group), Niten Shahi (manager, Gitanjali), Rajesh Jindal and Kavita Mankikar (executive assistant) and authorised signatory of the three accused firms.
Later in a day, the probe agency questioned Punjab National Bank’s General Manager-Treasury, SK Chand in connection with the fraud.
The six persons were held earlier in February by the probe agency for their involvement in the 1.77 billion dollar scam, involving diamantaire designer Nirav Modi, among others.
Following this, the CBI during its questioning with Vipul Ambani revealed that he was fully aware of the fraudulent and illegal Letter of Undertakings (LoUs) taken by Nirav Modi.
On a related note, the Directorate of Revenue Intelligence (DRI) on Sunday sanctioned the prosecution of Nirav Modi and his three companies in connection with the billion dollar fraud.
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