MUMBAI: After taking remand of the retired manager and a clerk of Punjab National Bank (PNB) on Saturday, the CBI took them to PNB’s branch office at Brady House in Fort. It’s the same branch from where the Rs 11,700 crore fraud was committed.
The CBI suspecting involvement of more persons involvement in the case and questioning six PNB officials. They questioned these officials in presence of two arrested bank employee.
The CBI also collected documents related with the case from the bank for examination. CBI probing role of the six officials on the case.
Officials stated that there is not possible for two bank employee to commit a fraud of this nature without knowledge of other officials. The arrested retired PNB manager, Gokulnath Shetty, had manipulated his position he issued letter of understanding worth Rs 11,700 crore to Nirav Modi and his associates. Other arrested bank employee in the case, who is youngest accused in the case who joined the bank after completing his engineering three years ago, told CBI that along with Shetty many other bank officials had also login the SWIFT by using a password as maker/verifier/authorizer enabling fraudulent SWIFT message. It helped Nirav Modi, to convinced PNB’s associates’ branch in Hong Kong to release money on Nirav’s behalf to companies from whom he had allegedly imported valuables. It prompted the CBI to examine the bank record at Brady House and question six bank officials about their role.
Meanwhile, the ED continued its raid at premises of Nirav Modi on Saturday, and they recovered jewellery worth around Rs 20 crore more on Saturday. On Thursday to Friday, they had recovered jewellery collectively worth Rs 6,650 crore from various premises belonged to Nirav and his close relatives.