PNB fraud: CBI arrests Vipul Ambani

On Tuesday, the CBI arrested five senior executives of companies belonging to diamond merchant Nirav Modi and his uncle Mehul Choksi including Vipul Ambani, the president of Firestar International.

 

 

Vipul Ambani is the son of Natubhai Ambani, the youngest brother of Dhirubhai Ambani.  As per reports, he was questioned for two days before being arrested.

 

 

The CBI arrested Kavita Manikar, authorised signatory of Firestar and Kapil Khandelwal, chief financial officer of Nakshatra and Gitanjali group.

 

 

Arjun Patil, a senior executive in Firestar; and Niten Shahi, a manager in Gitanjali group were also taken into custody.

 

The all five members will be produced in court today.

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