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Fresh case against Nirav Modi for cheating PNB of ₹322 crore
short by Krishna Veera Vanamali / on Thursday, 8 March, 2018
The CBI has filed a fresh FIR against jeweller Nirav Modi for causing a loss of ₹321.88 crore to PNB. The complaint alleged that Nirav's Firestar group of companies availed various credit facilities between 2013 and 2017 which were not used for their sanctioned purposes. The CBI has also named President (Finance) Vipul Ambani, CFO Ravi Gupta, and other directors.
read more at Bloomberg Quint