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PNB’s internal audit to determine if probe was hushed up or went un-detected

By Vicky
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    With Nirav Modi failing to respond to a summons by the Enforcement Directorate, the agency is set to initiate the process to get a letter rogatory issued.

    Nirav Modi

    The ED which is probing the Rs 11,400 crore PNB scam in which Modi is an accused is also collecting intelligence to ascertain his whereabouts. Once that is clear the LR would be issued through a court, an ED official privy to the investigation said.

    Further the ED would also ask the Punjab National Bank for its audit reports. This is being done to find out if the auditors had detected any fraud in the past couple of years. It is not clear if the fraud was detected or hushed up and once we go through the internal audit reports, it would become clear, the official also said.

    Further the ED is also coordinating with the Income Tax Department and has sought details on their independent probe into the scam. Several agencies including the CBI are probing the case. The probe is interconnected and we are sharing inputs regularly, the officer also added.

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