PNB scam: CBI seals MCB Brady House branch
CBI has sealed Punjab National Bank's MCB Brady House branch in Mumbai on Monday, from where transactions related to PNB scam were carried out by celebrity jeweler Nirav Modi. The branch was sealed a day after CBI took control of the entire campus of the branch for an intensive search operation. Punjab National Bank's Brady Road branch in Mumbai is at the centre of a colossal banking fraud involving billionaire jewellers Nirav Modi and Mehul Choksi.
The agency started questioning of five more officials, including general manager-level officers, taking the total number of those being quizzed to 11.
The agency is continuing the questioning of arrested bank officials - Gokulnath Shetty (retired) and Manoj Kharat, and the signatory of Nirav Modi company's - besides that of other officials of PNB, to find out the money trail and depth of the alleged scam involving thousands of documents and digital records.
The CBI has 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. They were produced before CBI special court Mumbai on Saturday.
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.