CBI finds documents related to PNB fraud at Mumbai 'chawl'
The CBI has reportedly recovered important documents related to Letters of Undertaking (LoUs), involved in $2-billion PNB fraud, from a small room in a 'chawl' in Mumbai. The premises is reportedly registered to fraud-accused jeweller Nirav Modi and not under any company's name. Notably, Nirav has refused to join CBI investigation citing his businesses abroad as the reason.