CBI court grants bail to Vipul Ambani

The Central Bureau of Investigation (CBI) court here on Saturday granted bail to Vipul Ambani, president (Investor Relations & Corporate Affairs) in Firestar International Private Limited, owned by fugitive diamantaire Nirav Modi, in the PNB scam case.

The CBI chargesheet says Mr. Ambani was actively involved in the issuance of fraudulent letters of understanding on behalf of three firms — Solar Export, Diamond R US and Stellar Diamonds.

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