Published On: Tue, Feb 20th, 2018

Vipul Ambani, four others arrested in PNB fraud case

Mumbai: The Central Bureau of Investigation (CBI) on Tuesday said it has arrested five functionaries of the companies of diamond trader Nirav Modi and his uncle Mehul Choksi who are allegedly behind the Rs 11, 300 crore PNB scam after their questioning.

Vipul Ambani, President, Finance Firestar International

“The CBI made the following arrest today (Tuesday): Vipul Ambani, President, Finance Firestar International, Kavita Mankikar, Executive Assistant and Authorised Signatory and Arjun Patil, Senior Executive, Firestar group,” a CBI official said.

The above three persons belong to group led by Nirav Modi.

The CBI also arrested Kapil Khandelwal, Chief Financial Officer, Nakshatra and Gitanjali groups and Niten Shahi, Manager, Gitanjali group-both belonging to the group led by Choksi.

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