"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 Mr Choksi's name had come up in the scam.
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