undefined
New Delhi, Feb 17 (ANI): The Central Bureau of Investigation (CBI) arrested three people on Saturday in connection with the Punjab National Bank (PNB) scam. The case is regarding the alleged fraud in the issuance of Letters of Understanding (LoU) worth multi-crores from the Punjab National Bank. Amongst arrested are Gokulnath Shetty, then deputy manager (now retired) of PNB, Manoj Kharat, SWO (Single Window Operator), PNB and Manoj Hemant Karat, Authorised Signatory of the Nirav Modi Group of Firms. All three accused will be produced before the CBI special court later. A team of the Enforcement Directorate raided billionaire Nirav Modi’s franchise Gitanjali Gems’ showroom in connection with the fraud case. The raids were conducted at their showrooms in various locations including Durgapur, Patna, Dehradun and Udhampur.
