Ex-Deputy Bank Manager Gokulnath Shetty arrested in PNB fraud

6:09 PM, Saturday, February 17th, 2018
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gokulnathMangaluru: The Central Bureau of Investigation (CBI) has arrested Punjab National Bank’s resigned Deputy Manager, Gokulnath Shetty and two others in a multi-crore bank fraud case, authorities said on Saturday.

“CBI has Shetty, Single Window Operator Manoj Kharat and approved signatory of the Nirav Modi Group of Firms, Hemant Bhat,” a CBI official said. The official said that they will be presented before the CBI special court in Mumbai later in the day.

PNB’s resigned Deputy Manager and Operator are named in the CBI FIR alongside 10 executives of the three private firms in particular 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.

As indicated by the FIR, it was claimed in the PNB complaint that Gitanjali Gems, Gili India Ltd and Nakshatra Brand Ltd and their directors in intrigue with Sethi and different authorities had caused an alleged loss of Rs 4,886.72 crore to the bank. The FIR has also named two former bank employees who were said to be directly involved in the fraud.

The CBI on Friday filed new FIRs against 10 directors of the Gitanjali Group of organizations under charges of criminal conspiracy and deceiving 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 Enforcement Directorate (ED) on Thursday established raid across the country on the offices, showrooms and workshops of tycoon diamond merchant Nirav Modi. The multi-pronged activity came a day after the Punjab National Bank confessed to uncovering an extortion of Rs 11,515 crore including Nirav Modi’s organizations and certain different records with the bank’s head branch (Brady House Branch) in Mumbai and its second biggest loaning window in India.

The fraud, which incorporates tax evasion among others, concerns the Firestar Diamonds bunch in which the CBI a week ago booked Modi, his significant other Ami, sibling Nishal Modi and their uncle Mehul Choksi.

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