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Jewellery designer Nirav Modi under CBI scanner over ₹10,000 crore fraud

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New Delhi: Billionaire jewellery designer Nirav Modi came under the CBI scanner as the premier investigation agency allegedly received two complaints from Punjab National Bank (PNB) Modi and a jewellery company about fraudulent transactions worth ₹10,000 crore, people familiar with the matter said on Wednesday.

According to reports, the agency received the complaints about the transactions detected by the public sector bank late last night.

The complaints deal with fraudulent transactions reported from the bank’s branches and the amount involved is over ₹10,000 crore, the sources said.

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The allegations are being looked into and future course of action will be decided soon, they said.

The agency has refused to share any further details as it may hamper the investigation. Agency sources said Modi is already facing a CBI probe on a complaint from the Punjab National Bank.

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