The Enforcement Directorate on Saturday conducted further searches at 21 locations across India in connection with the PNB scam and seized diamonds, gold, precious stones/ metals and jewelry worth Rs 25 crore (Book Value). With this, the total seizure till now is valued at Rs 5674 crore.
Meanwhile, 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 has Shetty, Single Window Operator Manoj Kharat and authorized signatory of the Nirav Modi Group of Firms, Hemant Bhat,” a CBI official said.
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 10 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.
