ED Raids At Gitanjali Store in Bengal’s Durgapur 

Kolkata:The Enforcement Directorate conducted search at a franchise- based store of Gitanjali Gems in West Bengal's Durgapur and the group is probably in the process of winding up its only store in Kolkata, an official said on Saturday.

Also read: Sebi Probe On PNB, Gitanjali Gems

"An Enforcement Directorate team went to Mehul Choksi company-owned store at Camac street in Kolkata, but we found it closed. It seems the group is in the process of winding up the store. Another team also raided a franchise-based store of the group in Durgapur," an ED official said.

Punjab National Bank, the second largest public sector bank in India, had detected the $1.8 billion fraud in one of its branches in Mumbai and Choksi's name had come up in the scam.

-IANS