Gokulnath Shetty

Punjab National Bank fraud case: ED gets key accused Gokulnath Shetty's custody till April 11

A 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.

published on : 5th April 2018

Former Punjab National Bank official Gokulnath Shetty's CBI custody extended till March 17

According 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.

published on : 16th March 2018

Punjab National Bank fraud case: CBI arrests three more employers

The Enforcement Directorate on its part conducted searches at the residence of Nirav Modi in connection with the agency's money laundering probe.

published on : 19th February 2018

Arrested PNB deputy manager Gokulnath Shetty illegally accessed Level-5 SWIFT password, shared it with Nirav Modi's firm

The 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.

published on : 19th February 2018

PNB fraud case: Three accused sent in CBI custody, more officials could be involved

CBI 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.

published on : 17th February 2018

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.

published on : 17th February 2018

PNB fraud case: CBI arrests three, including bank's former deputy manager Gokulnath Shetty and Nirav Modi companies' signatory

The 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.

published on : 17th February 2018