PNB Scam: 7 more properties of Gitanjali Group attached, 3 PNB officials arrested
PNB
Nine accounts of Gitanjali Group were attached by the IT department February 17
Seven more properties of Mehul Choksi's Gitanjali Group have been attached by the Income Tax department. While four properties are registered under Gitanjali Gems, one falls under Gili India and the other two belong to Mehul Choksi.
Nine other accounts of Gitanjali Group were attached by the IT department on February 17.
The Central Bureau of Investigation lodged an FIR on February 16 naming three companies led by Mehul Choksi. Gitanjali Gems, Gili India and Nakshatra Brand Ltd. were named in the case that alleges an estimated Rs. 4886.72 crores loss to the Punjab National Bank.
Meanwhile, three officers at PNB's MCB Brady House branch in Mumbai were arrested earlier today.
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Bechhu Tiwari, Chief Manager in charge of Forex department; Yashwant Joshi, Scale II, Manager Forex department; and Praful Sawant, Scale I Officer Export were among the ones arrested. Residential premises of the arrested officers along with Nirav Modi's office at Peninsula Business Park, Lower Parel are being searched.
Punjab National Bank "in view of fraudulent activities" has asked Gitanjali Group companies to pay "outstanding" dues amounting to Rs 1,045.88 crore, the jewellery firm said in a regulatory filing.
"In view of fraudulent activities by the group companies Gitanjali Gems, Nakshatra Brands and Gili India, it has been decided by the bank to recall facilities being enjoyed by the company with our bank with immediate effect," PNB noted in a statement.
The bank has demanded Rs 645.12 crore from Gitanjali Gems, Rs 187.52 from Gili India, Rs 110 from Nakshatra Brands, and Rs 103.24 crore from Asmi Jewellery.
Investigating agencies, including Enforcement Directorate, Central Bureau of Investigation and Income Tax Department, has launched a nationwide probe into the alleged fraud.
The scam started in 2011 and was detected in the third week of January this year.
PNB filed a second complaint with the CBI on February 13. The CBI received the complaint and registered a case on January 31.
(With inputs from PTI)