New Delhi: In a significant development, Subhash Shankar, a close aide of absconding diamantaire Nirav Modi has been deported to Mumbai from Egypt by the Central Bureau of Investigation (CBI) in connection with the loan fraud case of Punjab National Bank (PNB) involving Mehul Choksi and others.
Shankar was DGM Finance in Nirav Modi's company. Red corner notice had been issued against him. The federal probe agency was working to bring him back to India for a long time in connection with the loan fraud case of PNB. "He has been placed under arrest. We will produce him before a Mumbai court and will seek his custodial remand. He will be then further interrogated," said a CBI official.