PNB fraud case: ED raids Nirav Modi's properties regarding Rs 11,400 crore fraud

New Delhi, Feb 15: There is a major development in PNB Fraud Case. The noose of law is tightening around Nirav Modi and his relatives it seems. An Enforcement Directorate (ED) team at Nirav Modi's showroom and office in Mumbai's Kala Ghoda.

The Enforcement Directorate(ED) raided billionaire jeweller Nirav Modi's properties across the country after filing money laundering case for cheating the Punjab National Bank (PNB) of Rs 280 crores. 

The ED raided the showroom and office in Mumbai's Kala Ghoda. Initial reports suggest that Nirav Modi has fled India before the FIR was lodged by Indian officials.