PNB fraud case: Retired deputy manager, 2 others sent to CBI custody till March 3
Special CBI Court on Saturday sent three PNB officials to CBI custody till March 3 in Rs 11,000 crore PNB Fraud case.
The CBI on Saturday arrested key accused Gokulnath Shetty then Dy Manager (now Retd) Punjab National Bank, Manoj Kharat, SWO(single window operator) and Hemant Bhat, Authorised Signatory of the Nirav Modi Group of Firms in connection with about Rs 11,400 crore scam.
According to CBI, Gokulnath Shetty and single-window operator Manoj had issued eight letters of undertaking (LOUs) worth over Rs 280 crore to Nirav Modi's company just three months before Shetty retired in May last year. The LOUs were issued in February. The due date mentioned was January 2018.
The arrest comes after Punjab National Bank suspended eight employees on Friday. The number of suspended employees now stands at 18, which also includes General Manager level officers. An internal investigation of the bank is still underway. PNB suspended 10 officers on Thursday and referred the matter to the CBI for investigation.
The CBI has received two complaints from the PNB against Nirav Modi and a jewellery company alleging fraudulent transactions.