The Enforcement Directorate (ED), which is conducting massive raids across the country following the Rs 11,400 crore Punjab National Bank (PNB) scam, on Friday night conducted raids in Patna at the location of diamond merchant Nirav Modi who is the mastermind of the multi-crore scam.
The raids were conducted at Nirav Modi’s franchisee Gitanjali Jewellers at the Maharaja Complex in Patna. The raids began on late Friday evening by officials of the ED and PNB.
According to sources, the ED officials seized jewellery, including diamonds, worth Rs 2.25 crore. The raids went on till early Saturday morning.
ED officials are interrogating two managers of the Gitanjali Jewellers, Santosh Kumar and Upendra Yadav, following the raids.
It may be mentioned that the investigating agencies have also conducted searches and raids at Nirav Modi’s locations in Hyderabad and Dehradun. Till now, the investigating agencies have confiscated Nirav Modi’s assets worth more than Rs 5000 crore across the country.
At the raids in Patna, ED and PNB officials have seized important documents, computer hard disks along with jewellery and diamonds.