ED raids Raipur showroom of jeweller Choksi

Raipur, Feb 18 (IANS) The ED has raided a showroom of jeweller Mehul Choksi here in connection with a multi-crore Punjab National Bank (PNB) scam and seized jewellery worth Rs 1.27 crore, an informed source said on Sunday.

The 12-member Enforcement Directorate team reached the Gitanjali jewellers store in Ambuja Mall at 10.30 p.m. on Saturday and seized diamond jewellery and other precious gems.

The raids are a response to an alleged Rs 11,500 crore banking fraud by jeweller Nirav Modi and his partner Mehul Choksi.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)