CBI sealed Mumbai residence of scam accused Nirav Modi
The Central Bureau of Investigation -CBI has sealed the residence of Ami Modi. She is the wife of Nirav Modi who is accused in the Punjab National Bank fraud case.
As per reports the investigators have also seized 95 documents including import bills and applications from the lush apartment in Mumbai.
Nirav Modi is a businessman and the founder of global diamond jewelry house called Nirav Modi. He has been accused of a fraud involving a huge sum of 11,400 crore.
10 officers of the Punjab National Bank involved in this scam have been suspended by the bank. The scam was started in 2011 and was detected in the third week of January this year.
However, just like in the case of business man Mallaya, Modi managed to leave the country and fly abroad before an FIR could be issued against him.