SBI, Axis Bank under ED scanner for helping Nirav Modi
Five Indian lenders including SBI and Axis Bank are under Enforcement Directorate scanner for helping Nirav Modi to roundtrip over â¹6,000-crore loans extended to his companies by PNB, according to India Today. The agency is also probing 47 companies of Nirav allegedly involved in round tripping. Of these companies, 10 are registered in Belgium and 13 in the UAE.