Raids on Nirav Modi for PNB Frauds!!
With regards to the 11346 crore fraud in the Punjab National Bank, the enforcement directorate had conducted raids in multiple cities in showrooms owned by diamond jeweler Nirav Modi. The raids were conducted in 3 places in Surat and two locations of Delhi and 4 places in Mumbai by ED. Nirav Modi fled from the country on January 1 reportedly, and the complaint from PNB was received by CBI on January 29, and with the case filed on 31 January, the search for Nirav Modi has been intensified.