PNB fraud: Ex-Deputy Bank Manager Gokulnath Shetty arrested
New Delhi: The Central Bureau of Investigation (CBI) has arrested Punjab National Bank's retired Deputy Manager, Gokulnath Shetty and two others in a multi-crore bank fraud case, officials said on Saturday.
"CBI had Shetty, Single Window Operator Manoj Kharat and authorized signatory of the Nirav Modi Group of Firms, Hemant Bhat," a CBI official said.
The official said that they would 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 ten 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.
According to 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.
The CBI on Friday registered fresh FIRs against ten 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 directly 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 nation-wide 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 specific other accounts with the bank's flagship branch (Brady House Branch) in Mumbai and its second largest lending window in India.
The fraud, which includes money-laundering among others, concerns the Firestar Diamonds group in which the CBI last week booked Modi, his wife Ami, brother Nishal Modi and their uncle, Mehul Choksi.
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Noida International Airport appoints Nitu Samra as interim CEO
New Delhi (PTI): Noida International Airport on Friday announced the appointment of its Chief Financial Officer Nitu Samra as the interim Chief Executive Officer after authorities denied permission for foreign national Christoph Schnellmann to be at the helm.
"This change follows directions issued by the Bureau of Civil Aviation Security (BCAS) that the Chief Executive Officer of an airport in India is required to be an Indian national," NIA said in a statement.
Samra will replace Schnellmann, a Swiss national who has led Noida International Airport (NIA) as the CEO since August 2020.
The regulatory issue related to the requirement of having an Indian national as CEO has been delaying the start of commercial operations of the airport, which was inaugurated by Prime Minister Narendra Modi on March 28.
Schnellmann will join the airport's Board of Directors as Executive Vice Chairman. In this role, he will continue to support the project and its transition to operations, the statement said.
With immediate effect, NIA said Samra has been appointed as the CEO on an interim basis until the Board of Directors can conclude a formal selection process.
Samra has been serving as the CFO since October 2021 and was closely involved in the airport’s development journey, overseeing financial stewardship, governance, and strategic planning during a key phase of the project, the statement added.
NIA will be operated by Yamuna International Airport Pvt Ltd (YIAPL), a subsidiary of Zurich Airport International AG, under a public-private partnership.
Originally scheduled to commence passenger services in September 2024, NIA is being developed in four phases, along with a dedicated cargo terminal. It received an aerodrome license from the aviation regulator Directorate General of Civil Aviation (DGCA) in March.
YIAPL Chairman Daniel Bircher said that since the inauguration of the airport by the Prime Minister, the goal was to enable the start of operations as early as possible.
"This management change brings the airport into compliance with Bureau of Civil Aviation Security requirements while maintaining continuity in the airport’s leadership team. The newly structured team will support a smooth transition into operations, guided by clear and transparent governance and a strong corporate culture," he said.
On March 28, Civil Aviation Minister K Rammohan Naidu said commercial flight operations from the airport would start in the next 45 to 60 days.
Among the largest greenfield airport projects in the country, NIA will initially have a capacity to handle 12 million passengers per annum.
Once fully developed, the airport will have a total passenger handling capacity of 70 million.
The first phase of NIA has been developed at an investment of around Rs 11,200 crore. 'DXN' is the code for the airport.
The airport features a 3,900-metre runway capable of handling wide-body aircraft, along with modern navigation systems, including Instrument Landing System (ILS) and advanced airfield lighting.
The peak handling capacity in the first phase will be 30 flights per hour.
In the first phase, there will be 28 aircraft stands, and the projected cargo capacity is around 2.5 lakh tonnes.
Terminal 1 of the airport is spread across 1,37,985 square metres with 48 check-in counters. Over 40 acres of land have been earmarked for developing MRO (Maintenance, Repair and Overhaul) facilities at the airport.
