PNB scam: Bank appoints AK Pradhan as Group Chief Risk Officer

A representative image Photograph:( Zee News Network )

WION Web Team New Delhi, Delhi, India Feb 27, 2018, 03.52 PM (IST)

In the wake of the alleged multi-million scam involving jeweller Nirav Modi and his family, Punjab National Bank (PNB) Tuesday appointed AK Pradhan as the Group Chief Risk Officer.

He currently holds the post of General Manager.

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The move comes soon after the finance ministry today set a 15-day deadline to state-run banks to take action to improve their oversight of operational and technological risks

Earlier today, the Central Bureau of Investigation (CBI) said PNB has informed the agency has detected a further scam of Rs 1,251 crore in respect to Gitanjali Gems.

"PNB has informed us that further scam of Rs 1,251 crore has been detected in respect to Gitanjali Gems. CBI is now probing Rs 12,636 crore which is (Nirav and Gitanjali) PNB scam, up from Rs 11,421 crore," said CBI.

In a related development, PNB's former managing director Usha Ananthasubramanian was questioned today in Mumbai. 

The two serving General Managers were also called for questioning.