PNB scam: CBI detains Vipul Chitalia, VP Banking of Gitanjali Group

File photo of a Mumbai branch of the Punjab National Bank. Photograph:( Reuters )

WION Web Team New Delhi, India Mar 06, 2018, 05.24 AM (IST)

The Central Bureau of Investigation today detained Vipul Chitalia, vice president (banking operations), Gitanjali Group, in Mumbai in the Punjab National Bank fraud case, an offcial said.

Vipul Chitalia, who was detained at the Mumbai Airport, has been taken for questioning, the official added.

Yesterday, the Special CBI court in Mumbai sent Vipul Ambani President (Finance) of billionaire jeweller Nirav Modi's Fire Star Diamond and 5 other accused Kavita Makikar, Arjun Patil, Rajesh Jindal, Kapil Khandelwal and Nitin Shahi to judicial custody for 14 days.  

The CBI in its interrogation also revealed that the Vipul Ambani had complete knowledge of fraudulent and illegal Letter of Undertakings taken by Nirav Modi. 

On Sunday, the investigating agency arrested four more people in the alleged Rs 12,636-crore fraud case by  Nirav Modi and his uncle and business partner Mehul Choksi. They included two former employees of the Firestar International Manish Bosamiya and Miten Pandya, who were arrested on suspicion of fabricating paperwork for the fraud, the CBI said.

Bosamiya, the then AGM (operations) of Firestarter International, and then Finance Manager Miten Anil Pandya allegedly prepared applications for fraudulent Letters of Undertakings submitted to Punjab National Bank, officials said.

An auditor, Sampat Rambhia, was also arrested, as was Aniyath Shiv Raman, a former director of the Mehul Choksi-owned Gili India. The CBI alleges he was the authorised signatory for the applications submitted to PNB for issuance of purported letters of undertaking (LoUs) and foreign letters of credit (FLCs).

(With inputs from agencies)