ED identifies 50 jewellers having Gitanjali Group stocks

Speed Post News Network

Patna : The Enforcement Directorate (ED) has intensified its efforts to nab Odisha based Santosh Kumar Hota, who allegedly holds the franchise for Gitanjali Group in Bihar, and Ravi, a Muzaffarpur based supplier, who worked in collaboration with him. The two have allegedly gone underground ever since the ED began conducting raids at Gitanjali showrooms in different parts of Bihar.

ED sources on February 22, 2018, said the agency has identified 50 jewellers across Bihar with suspected stocks of the Geetanjali Group, which is under the scanner post the Punjab National Bank scam worth over Rs 11, 400 crore.
According to an ED official, the jewellers spread across towns like Patna, Bhagalpur, Muzaffarpur and Gaya, have been asked to surrender their stocks at the agency’s zonal office here failing which they will face legal action. The ED, in the last few days, has raided showrooms of the Gitanjali Group at a number of locations in Patna, Muzaffarpur and Kishanganj.

Gitanjali Group is allegedly controlled by Mehul Choksi, maternal uncle of diamantaire Nirav Modi whom the Punjab National Bank has accused of obtaining fraudulent Letters of Understanding worth Rs 11,400 crore.