Punjab National Bank fraud case: CBI arrests auditor of PNB


New Delhi, March 1: The Central Bureau of Investigation has arrested an internal chief auditor of Punjab National Bank in connection with fraud case.

“CBI has on Wednesday arrested an Internal Chief Auditor of Punjab National Bank in an ongoing investigation of the cases related to Nirav Modi group and Gitanjali group,” news agency IANS quoted a CBI official as saying.

The official also stated that the arrested auditor has been identified as MK Sharma, Chief Manager rank of PNB.

As per the CBI official, Sharma was allegedly responsible for auditing the systems and practices of PNB, Brady House Branch in Mumbai and report the deficiencies to Zonal Audit Office.

Sharma will be produced before the court in Mumbai on Thursday.

Diamantaire Modi and owner of Gitanjali Gems, Mehul Choksi have been accused of defrauding the PNB of Rs 12,600 crore, with Rs 1,300 being added to the fraud kitty on late Monday.

Earlier, the detected amount was Rs 11,300 crore.

The CBI had lodged the first FIR on February 14 against Nirav Modi, his wife Ami, brother Nishal, uncle Choksi and his firms Diamond R US, Solar Exports and Stellar Diamond.

The agency stated that the fraud involved an amount of around Rs 6,400 crore.

Modi, his family and Choksi had reportedly left the country in early January.

In connection with the fraud, the probe agency registered a second FIR on February 15 for Rs 4,886.72 crore fraud against Choksi’s Gitanjali Group.

Till the date, 12 persons have been held by the CBI in the case. The Enforcement Directorate has claimed to have attached properties worth Rs 6,000 crore.


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