The case of fraud on Nirav Modi seems to have escalated to new heights with fresh information that has been unearthed by the Central Bureau of Investigation (CBI).

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On Saturday CBI told the court that an official of Punjab National Bank admitted that he received gold and diamond jewellery from a billionaire jeweller accused of being involved in a Rs. 12,600 crore bank fraud. So far, 14 people have been arrested in the case. Read more