NEW DELHI: India´s financial crime fighting agency is investigating more than 100 “shell companies” that are suspected to be involved in the Punjab National Bank´s near $1.8 billion fraud, a government source said. The companies were allegedly used by Indian jewellers Nirav Modi and Gitanjali Gems´ Mehul Choksi to route funds, a source at India´s Enforcement Directorate told Reuters. Modi and Choksi are at the centre of the biggest ever bank fraud that has hit the country´s second largest lender Punjab National Bank. Both the businessmen have been accused of conspiring with bank officials to obtain advances for paying overseas suppliers.
The proportion of Joe Biden’s income that went to federal taxes was roughly equal to the prior year
Police officials said they received a tip-off about the presence of Maoists in the area
The two men aged 24 and 21 were arrested on Tuesday in the western state of Gujarat
