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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Mangaluru: Special trains to Chennai for Vishu festival
Mangaluru: To clear extra passenger rush during the Vishu festival, the Southern Railway has announced special train services between Mangaluru Central and Chennai Egmore.
According to an official release, Train No. 06126 Mangaluru Central-Chennai Egmore Special will depart Mangaluru Central at 4:00 pm on April 6 and 13, reaching Chennai Egmore at 10:30 a.m the next day.
In the return direction, Train No. 06125 Chennai Egmore-Mangaluru Central Special will leave Chennai Egmore at 2:00 pm on April 7 and 14 and arrive at Mangaluru Central at 6:50 am the following day.
The train will have two AC two-tier, eight AC three-tier, six sleeper class, four general second class coaches, one Divyangjan-friendly coach, and one luggage-cum-brake van.
In a seperate announcement, the southern railway also announced special service between between Bengaluru Cantonment and Dr. MGR Chennai Central to manage the extra rush of passengers.
Train No. 06545 will depart from Bengaluru Cantonment at 08:05 am on Thursday, 9th April and is scheduled to reach Chennai Central at 3:00 pm on the same day. The return service, Train No. 06546, will leave Chennai Central at 4:45 pm on the same day and reach Bengaluru Cantonment at 11:00 pm.
