SC grants interim bail to Kejriwal till June 1 in excise policy case
The Supreme Court bench of Justices Sanjiv khanna and Dipankar Datta granted bail to Kejriwal keeping in view the Lok Sabha election.
Continuing its crackdown on key PNB scam accused Nirav Modi, the Enforcement Directorate on Wednesday arrested Shyam Sunder Wadhwa, the Vice President of Firestar Group owned by the beleaguered diamondaire.
A confidant of Modi, Wadhwa was wanted in the multi-crore Punjab National Bank (PNB) fraud case. He was arrested in Mumbai on Tuesday night making it the first arrest by the agency in the case.
According to reports, Wadhwa was accused of conducting fraudulent transactions with Firestar International and Firestar Diamond International owned by Modi, implicated in the Rs 13,500 crore scam.
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The ED on March 24 seized valuables worth over Rs 36 crore belong to Modi and also carried out joint searches with the Central Bureau of Investigation (CBI), which is also probing criminal miscunduct in the case, for over three days at Nirav Modi’s palatial ‘Samudra Mahal’ residence in Mumbai.
The move is part of money trail probe by the ED and CBI after cases were registered against Nirav Modi and his business partner and uncle Mehul Choksi, owner of Gitanjali Group, for defrauding PNB.
Nirav Modi and Choksi fled the country in January around a month before the PNB filed its first complaint against them with the CBI. They are still at large.
(With inputs from agencies)
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