New Delhi, Feb 17: In a major development, the Central Bureau of Investigation on Saturday arrested Former Deputy Manager Gokulnath Shetty of Punjab National Bank over the Rs 11,400 crore fraud in which diamond merchant Nirav Modi and Mehul Choksi are accused.
Along with Shetty, the probe agency also held Manoj Kharat, SWO(single window operator) PNB and Hemant Bhat, Authorised Signatory of the Nirav Modi Group of Firms.
CBI has arrested Gokulnath Shetty then Dy Manager (now Retd) Punjab National Bank and Manoj kharat, SWO(single window operator) PNB and Hemant Bhat, Authorised Signatory of the #NiravModi Group of Firms. They will be produced today before CBI special court Mumbai pic.twitter.com/ASd5kGtSbx
— ANI (@ANI) February 17, 2018
Arrested persons will be presented before the CBI special court in Mumbai later in the day.
PNB’s retired Deputy Manager and Operator are named in the CBI FIR along with 10 directors of the three private firms namely Krishnan Sangameshwaran, Nazura Yashjaney, Gopal Das Bhatia, Aniyath Shivraman, Dhanesh Vrajlal Sheth, Jyoti Bharat Vora, Anil Umesh Haldipur, Chandrakant Kanu Karkare, Pankhuri Abhijeet Varange and Mihir Bhaskar Joshi.
As per the FIR, it was alleged in the PNB complaint that Gitanjali Gems, Gili India Ltd and Nakshatra Brand Ltd and their directors in connivance with Sethi and other officials had caused an alleged loss of Rs 4,886.72 crore to the bank, news agency IANS reported.
On Friday, the probe agency registered fresh FIRs against 10 directors of the Gitanjali Group of companies under charges of criminal conspiracy and cheating of Indian Penal Code and Prevention of Corruption Act against Mehul Choksi, the Managing Director of Gitanjali Gems Ltd based at Mumbai’s Walkeshwar.
The FIR has also named two former bank employees who were said to be involved in the fraudulent transactions.
Additionally, three companies of Gitanjali Group were also named in the CBI FIR registered on Thursday for causing alleged loss of Rs 4,886.72 crore.
The Enforcement Directorate (ED) on Thursday launched a countrywide raid on the offices, showrooms and workshops of billionaire diamond trader Nirav Modi.
The multi-pronged action came a day after the Punjab National Bank admitted to unearthing a fraud of Rs 11,515 crore involving Nirav Modi’s companies and certain other accounts with the bank’s flagship branch (Brady House Branch) in Mumbai.
The fraud, which includes money-laundering among others, concerns the Firestar Diamonds group in which the probe agency last week booked Modi, his wife Ami, brother Nishal Modi and their uncle Mehul Choksi.