CBI has questioned Vipul Ambani on Monday in a fraud case of 11,356 crore in Mumbai. He has been Chief Finance Officer (CFO) of diamond trader Neerav Modi's company Fire Star in last 4 years. Vipul is being said to be a relative of Reliance Group Founder Dhirubhai Ambani. Furthermore 10 Suspended officers of PNB are also being questioned. At the same time, the CBI sealed the PNB Brady House Branch in Mumbai, through which this was the biggest fraud in the banking industry in the country. Explain that the CBI has named accused Nirav Modi and Geetanjali James Mehul in the money laundering case, including others.
CBI has seized service records and files of Gokulnath Shetty, the former deputy manager at PNB's Brady House branch, who is believed to be the mastermind behind the alleged Rs 11,400-crore fraud.Investigating agencies are digging deeper into the alleged Rs 11,400-crore Punjab National Bank (PNB) fraud. The Enforcement Directorate (ED) has now summoned PNB officials and directors of subsidiaries linked to diamantaires Nirav Modi and the Gitanjali Group, owned by Mehul Choksi.
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CBI has Rs 11,394 crore in PNB The scam of the scam is expected to be higher. On Sunday, the investigating agency asked all the banks to report the allegation made in Loo here.
According to sources, many LOUs will be maturing in May 2018. In such a case, the scam amounted to Rs 11,394 crore Can be more than that. Meanwhile, the CBI questioned more than 8 hours from the 10 suspended employees of PNB.
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What is the whole matter?
- Punjab National Bank gave information about the Rs 11,356 crore scam to Sebi and Bombay Stock Exchange last week. The scam was executed at PNB's Brady House Branch in Mumbai. Beginning since 2011 In 7 years, thousands of crores of rupees were transferred to foreign accounts through false letter of undertakings (LoUs).
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CBI has seized service records and files of Gokulnath Shetty, the former deputy manager at PNB's Brady House branch, who is believed to be the mastermind behind the alleged Rs 11,400-crore fraud.
CBI is looking into the possible role of senior PNB officials who ensured that Shetty is not transferred from the branch.
During questioning, Shetty revealed that he would first send SWIFT messages of small amounts, which were uploaded on the bank's system so that no one would suspect any wrongdoing.
Later, these messages were modified and bigger financial transactions were carried out. The modifications made in the SWIFT messages were not updated on the bank's system. This is one of the reasons why the alleged fraud at PNB went undetected for such a long time.