PNB scam: Big success for CBI, Nirav Modi's accomplice Subhash Shankar brought from Cairo to Mumbai

CBI has got a big success in the Punjab National Bank (PNB) fraud case. CBI has clamped down on Parab Subhash Shankar, a partner of fugitive businessman Nirav Modi. CBI has brought Subhash Shankar from Cairo, Egypt to Mumbai. He has been brought to Mumbai by special aircraft.

Nirav Modi's companion is Subhash Shankar

CBI sources said that Subhash Shankar is a close aide of Nirav Modi. Subhash Shankar has been brought to Mumbai in connection with the Rs 13,578 crore PNB scam. A red corner notice was also issued against Subhash. The CBI team will now interrogate him regarding the scam.

What is the PNB scam case?

Nirav Modi is accused of defrauding PNB of about Rs 14 thousand crores and illegally sending money to other countries. The 50-year-old diamond merchant had fled India after the fraud was busted. This was followed by the arrest of Nirav Modi in Britain in March 2019. Nirav Modi is serving a sentence in London Wandsworth Jail. The Westminster Magistrates' Court in London ordered the extradition to India on a petition filed by Indian agencies. Nirav Modi has challenged this order. Nirav Modi has cited mental health and human rights.

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