March 15, 2018: The CBI has registered a fresh case relating to “fraudulent” issuance of Rs 9 crore of Letters of Undertaking, LoUs by Mumbai’s Brady House branch of Punjab National Branch. The LoU was issued to Chandri Papers and Allied Products.
CBI officials say retired PNB employee Gokulnath Shetty and single-window operator at the branch, Manoj Kharat have been booked by the agency in the fresh FIR. The duo is also facing agency’s probe in the Modi-Choksi case.
The agency has also named the company and its directors as accused in the case, they said. The CBI has alleged that Shetty retired on May 31, 2017, and Kharat entered into criminal conspiracy with directors of the company Aditya Rasiwasia and Ishwardas Agarwal.
The agency has alleged that as part of the conspiracy to defraud the public sector bank, they got issued two LoUs for about 9.09 crore Rs favouring SBI Antwerp, Belgium. Shetty and Kharat are already facing CBI probe in fraudulently issuing LoUs and Letters of Credit worth over Rs 13,000 crore to the companies of billionaire jewellers Mehul Choksi and Nirav Modi.
Retired PNB employee Gokulnath Shetty and single-window operator at the branch, Manoj Kharat, who are facing CBI probe in the Modi-Choksi case, have been booked by the agency in the fresh FIR. After filing the FIR on March 9, the agency has carried out searches at various locations.
The CBI has alleged that Shetty retired on May 31, 2017, and Kharat entered into criminal conspiracy with directors of the company Aditya Rasiwasia and Ishwardas Agarwal. The agency has alleged that as part of the conspiracy to defraud the public sector bank, they got issued two Letters of Undertaking for USD 1.4 million favouring SBI Antwerp, Belgium. (AIR News)
