Photo: Aniruddha Chowdhury/MintMumbai/New Delhi: The Central Bureau of Investigation (CBI) has booked billionaire jeweller Nirav Modi, his wife, brother and partners for allegedly cheating Punjab National Bank (PNB) of Rs280.7 crore. Modi, his wife Ami, brother Niral and Mehul Choksi are partners in Diamonds R US, Solar Exports and Stellar Diamonds, said the FIR. The statement added Choksi “never had anything to do” with Solar Exports and Stellar Diamonds. PNB’s complaint said these diamond firms — Diamonds R Us, Solar Exports and Stellar Diamonds—approached it on 16 January with a request for buyers’ credit for making payment to overseas suppliers. Axis Bank and Allahabad Bank did not reply to mails seeking comment.

Source: Mint February 05, 2018 10:07 UTC