ED raids 12 premises of Nirav Modi over $1.77 bn PNB fraud
The Enforcement Directorate (ED) on Thursday raided at least 12 premises of billionaire diamond jeweller Nirav Modi in Delhi, Surat, and Mumbai allegedly in connection with $1.77 billion PNB fraud. Nirav Modi reportedly left India even before the bank had filed an FIR in a separate â¹280 crore cheating case. PNB has suspended 10 officials in connection with the case.