PNB Scam: Gitanjali Group Vice-President Vipul Chitalia Detained By CBI

| March 6 , 2018 , 12:54 IST

The Central Bureau of Investigation (CBI) detained the Vice-President of Gitanjali Group of Companies Vipul Chitalia on Tuesday as a part of its probe into the Rs 12,700 crore Punjab National Bank (PNB) scam, connected to jeweller Nirav Modi.

Chitalia was apprehended from the Mumbai airport and was brought to the CBI office at the Bandra-Kurla Complex in Mumbai for questioning, an official said, without divulging any more details on the alleged role of Chitalia in the PNB scam.

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Previously on Monday, the CBI secured a 12-day remand for 4 of the accused arrested in connection with the PNB case. The arrested include Manish K. Bosamiya then the AGM (Operation) and Miten Anil Pandya, then Finance Manager of Nirav Modi's Firestarter International Ltd for their alleged role in preparing applications for the fraudulent Letters of Undertaking (LoUs) submitted to the PNB.

The others arrested are Sanjay Rambhia, a partner in the CA firm 'Sampat and Mehta' of Mumbai' who was an internal auditor of Nirav Modi's companies and Aniyath Shiv Raman Nair, then the Director of Gili India Ltd.

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The multi-crore fraud was made public by Punjab National Bank on February 14 and was allegedly perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi. The duo reportedly got Letters of Undertakings (LoUs) and Foreign Letters of Credit (FLCs) worth Rs 12,636 crore issued in favour of foreign branches of Indian banks based on fraudulent claims.

Although the CBI and the Enforcement Directorate have been following up in the case, Opposition parties have blamed the ruling NDA government and specifically Prime Minister Narendra Modi's BJP party for allowing the incident to take place. Both Nirav Modi and Mehul Choksi left from India before the case came to light and are yet to return.