February 25, 2018 8:49 AM

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PNB fraud: CBI questions Managing Director, Executive Director

<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">The CBI yesterday examined Punjab National Bank's Managing Director and CEO Sunil Mehta and its Executive Director K V Brahmaji Rao in connection with PNB fraud case.&nbsp;</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">Nirav Modi and owner of Gitanjali Gems Mehul Choksi are allegedly involved in around 11 thousand 400 crore rupees fraud case.&nbsp;</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">An official in the agency said, the examination was focussed on understanding how the crime was detected by the bank and other procedural issues and their violations.&nbsp;</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">He said, these bank officials are not being treated as accused.&nbsp;</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">Refusing to give out any further details, the official said, the CBI is also questioning the 12 accused arrested by the agency so far.</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">On Saturday, Enforcement Directorate attached 21 immovable properties worth over 523 crore rupees of Nirav Modi group, including flats and farmhouses under Prevention of Money Laundering Act.</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">The attached assets include a farmhouse in Alibag, Solar Power Plant, 135 Acre land in Ahmednagar and residential &amp; office properties in Mumbai &amp; Pune.</div>

February 24, 2018 8:08 PM

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PNB fraud: CBI questions Managing Director, Executive Director

<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><span style="font-size: 12.8px;">The CBI today examined Punjab National Bank's Managing Director and CEO Sunil Mehta and its Executive Director K V Brahmaji Rao in connection with PNB fraud case.&nbsp;</span></div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">Nirav Modi and owner of Gitanjali Gems Mehul Choksi are allegedly involved in around 11 thousand 400 crore rupees fraud case.&nbsp;</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">An official in the agency said, the examination was focussed on understanding how the crime was detected by the bank and other procedural issues and their violations.&nbsp;</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">He said, these bank officials are not being treated as accused.&nbsp;</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;"><br />''</div>''<div style="color: #222222; font-family: arial, sans-serif; font-size: 12.8px;">Refusing to give out any further details, the official said, the CBI is also questioning the 12 accused arrested by the agency so far.</div>

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