PNB fraud fallout: CBI seals Brady House Branch in Mumbai
Mumbai: The CBI on Monday sealed the Brady House Branch of the Punjab National Bank as multiple probe agencies continued with their probe into the Rs 11,515 crore fraud, according to officials.
The Central Bureau of Investigation pasted an official notice outside the branch in Fort -- the bank's flagship lending window in Mumbai and its second largest national outlet.
All have been barred from opening or entering inside this branch without prior permission of the CBI or the CBI Special Court or the CBI Competent Authority. (IANS had first named and identified on February 14 the involvement of this crucial Branch that deals with some of its biggest accounts).
Accordingly, all operations at the Brady House Branch came to a grinding halt and several bewildered staffers were seen waiting outside it for further orders from their bosses.
The action came two days after the Special CBI Court here remanded to police custody till March 3, three accused in the PNB fraud, including two former staffers.
The accused includes retired PNB Deputy Manager Gokulnath Shetty, Single Window Operator Manoj Kharat and authorized signatory of the prime accused Nirav Modi's group companies, Hemant Bhatt.
The three were the very first arrests to be in the sensational case so far by the CBI from different parts of Mumbai and Raigad. More arrests were expected soon, officials have indicated.
Besides these, the CBI earlier named ten other directors and officials as accused in the scam which has created a nationwide furore.
They are: 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.
The prime accused, diamond trader Nirav Modi and other associates fled the country in early January, before the massive PNB fraud came to light.
The multi-pronged action by the CBI, Enforcement Directorate and others comes five days after PNB admitted to unearthing a fraud of Rs 11,515 crore involving Modi's companies and certain other accounts in the Brady House Branch.
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.
