ED arrests Nirav Modi's 'close' associate in PNB fraud case
The Enforcement Directorate on Wednesday arrested Shyam Sunder Wadhwa, the Vice President (Finance) of Firestar Group and a "close" associate of jeweller Nirav Modi, in connection with its probe in the $2.1-billion PNB fraud. Wadhwa allegedly tried to "mislead" the ED during interrogation but confessed doing the paperwork for creating two firms and appointing "dummy" directors.