PNB scam: CBI arrests PNB's ex-deputy manager Gokulnath Shetty
CBI
Gokulnath Setty has been untraceable since few days
CBI on Saturday arrested Gokulnath Shetty former deputy manager of Punjab National Bank, Manoj Kharat, single window operator at PNB and Hemant Bhat, Authorised Signatory of the Nirav Modi Group of Firms, said media reports.
Alsro read: More trouble for Nirav Modi; I-T attaches 29 properties, 105 bank accounts
Gokulnath Setty and single window operator Manoj Kharat had issued eight letters of understanding (LoU) worth over Rs 280 crore to Nirav’s company just three months before the former’s retirement.
Alsoread -No official is in touch with Nirav Modi: MEA
Shetty, a deputy manager, is alleged to be key in the fraud. He issued letters of undertaking (LoU) without approval from higher authorities on behalf of companies of Nirav Modi group and Mehul Choksi for seven years.
Also read:Passports of Nirav Modi, Mehul Choksi suspended, MEA gives one week to respond
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Shetty was one of the employees authorised to use the SWIFT messaging system for sending LoUs.
Gokulnath Setty has been untraceable since few days.
They will be produced today before CBI special court Mumbai.