PNB Scam: CBI Accuses Choksi of Destroying Evidence in New Chargesheet; Gitanjali's Ex-officials Named
3 years, 6 months ago

PNB Scam: CBI Accuses Choksi of Destroying Evidence in New Chargesheet; Gitanjali's Ex-officials Named

News 18  

The CBI has filed a chargesheet against the former international head of the Gitanjali Group of Companies, Sunil Verma, and others in connection with an alleged fraud in the PNB involving an amount of over Rs 7,080 crore, in which the promoter of the group, Mehul Choksi, is wanted by the agency. The supplementary chargesheet, filed more than three years after the first chargesheet in the case against Choksi and his companies, coincides with the legal proceedings against the fugitive diamantaire in a court of Dominica, where he was arrested for “illegal entry” on May 24 after his mysterious disappearance from neighbouring Antigua and Barbuda. The diamantaire and his nephew, Nirav Modi, allegedly siphoned off over Rs 13,000 crore of public money from the PNB using letters of undertaking and foreign letters of credit by bribing officials of the bank’s Brady House branch in Mumbai. The CBI probe has revealed that from 2011 to 2017, the accused officials of the PNB, in a conspiracy with Choksi and his company executives, fraudulently issued a large number of LoUs to overseas banks for obtaining buyer’s credit in favour of his firms.

History of this topic

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