 | Punjab National Bank fraud case: ED gets key accused Gokulnath Shetty's custody till April 11A special court in Mumbai remanded former PNB official and key accused in the alleged multi-crore fraud case Gokulnath Shetty to Enforcement Directorate's custody till April 11. |
 | Former Punjab National Bank official Gokulnath Shetty's CBI custody extended till March 17According to the CBI, Shetty unauthorisedly enhanced the value of foreign letter of credit (FLCS) in favour of various overseas branches of Indian banks in blatant violation of prescribed procedure. |
 | Punjab National Bank fraud case: CBI arrests three more employersThe Enforcement Directorate on its part conducted searches at the residence of Nirav Modi in connection with the agency's money laundering probe. |
 | Arrested PNB deputy manager Gokulnath Shetty illegally accessed Level-5 SWIFT password, shared it with Nirav Modi's firmThe Level-5 password was the key allowing him to reach out to several banks to release the money to the Nirav Modi and Gitanjali groups through the SWIFT system. |
 | PNB fraud case: Three accused sent in CBI custody, more officials could be involvedCBI told the court that it suspects the involvement of more PNB officials, and diamond trader Nirav Modi, who is at the centre of the scam, fled the country before the bank could lodge a complaint. |
 | Did Punjab National Bank fraud continue after retirement of so-called 'main culprit'?LoUs by banks are issued for 90 days according to RBI norms. But Shetty and Karat conspired to issued LoUs to foreign branches of Indian banks for about 360 days, PNB said. |
 | PNB fraud case: CBI arrests three, including bank's former deputy manager Gokulnath Shetty and Nirav Modi companies' signatoryThe investigating agency arrested Gokulnath Shetty, who was a deputy manager at Punjab National Bank, and Manoj Kharat, who was described by the source as a "single window operator" at the lender. |
