<p>The Enforcement Directorate on Saturday said the solitary Gitanjali Gems store here has started winding up since the Rs 11,400-crore Punjab National Bank scam broke out.</p>.<p class="bodytext">The name of Mehul Choksi, the owner of the store, features in the multi-crore rupees fraud.</p>.<p class="bodytext">A senior ED official said that the department's officials went to the Camac Street store of Gitanjali Gems, but found the shop closed.</p>.<p class="bodytext">"It seems that the company was in the process of winding up the store," the official said.</p>.<p class="bodytext">Another team of ED officials visited a smaller Durgapur store, which is run on franchisee basis.</p>.<p class="bodytext">"It (the Durgapur store) may not be of much help for investigation purposes," the official said.</p>.<p class="bodytext">PNB has detected the scam in which billionaire diamond merchant Nirav Modi reportedly acquired fraudulent letters of undertaking (LoUs) from a branch in Mumbai to secure overseas credit from other Indian lenders.</p>.<p class="bodytext">Choksi is Modi's uncle.</p>.<p class="bodytext">The ED official said there was no Nirav Modi-branded jewellery store in the city.</p>
<p>The Enforcement Directorate on Saturday said the solitary Gitanjali Gems store here has started winding up since the Rs 11,400-crore Punjab National Bank scam broke out.</p>.<p class="bodytext">The name of Mehul Choksi, the owner of the store, features in the multi-crore rupees fraud.</p>.<p class="bodytext">A senior ED official said that the department's officials went to the Camac Street store of Gitanjali Gems, but found the shop closed.</p>.<p class="bodytext">"It seems that the company was in the process of winding up the store," the official said.</p>.<p class="bodytext">Another team of ED officials visited a smaller Durgapur store, which is run on franchisee basis.</p>.<p class="bodytext">"It (the Durgapur store) may not be of much help for investigation purposes," the official said.</p>.<p class="bodytext">PNB has detected the scam in which billionaire diamond merchant Nirav Modi reportedly acquired fraudulent letters of undertaking (LoUs) from a branch in Mumbai to secure overseas credit from other Indian lenders.</p>.<p class="bodytext">Choksi is Modi's uncle.</p>.<p class="bodytext">The ED official said there was no Nirav Modi-branded jewellery store in the city.</p>