for looking the other way while diamond thief Nirav Modi and his family defrauded the Punjab National Bank, the CBI has said that a majority of the Letters of Understanding (LoUs) in the Rs 11,400-crore scam were either issued or were renewed in the bank in 2017-18 !
The CBI on Feb 15 registered a fresh FIR in the case against Mehul Choksi, maternal uncle of Nirav Modi, and his three companies claiming that they swindled PNB to the tune of Rs 4,886.72 crore in 2017-18 by way of getting 143 LoUs issued through the bank.
Notably, the first FIR in the case dealing with swindling of Rs 280.7 crores through eight LoUs registered by the agency on January 31 also mentions that the LoUs were issued in 2017. To this FIR, the CBI has now added new information provided by PNB on Wednesday and estimated the total loss in the first FIR at Rs 6,498 crore.
The cumulative figure for the total loss to PNB thus stands close to Rs 11,400 crore.
CBI sources stated in a presser that since the accused — Modi and his relatives — were rolling over the LoU money by way of getting them renewed, many old LoUs too have been renewed in 2017. The CBI on Friday questioned four PNB officials in connection with the case. Notably, they are all being probed for their dealings with Modi and his companies between 2014 and 2017 !
These included Bechu B Tiwari, chief manager of the Bank’s Nariman Point Branch in Mumbai between February 2015 and October 2017; Sanjay Kumar Prasad, current DGM
Re: As the BJP and the Congress blame each other
by piri on Feb 18, 2018 09:54 PM
of the bank and then AGM of Brady House Branch between May 2016 and May 2017; Mohinder K Sharma, then concurrent auditor between November 2015 and July 2017 and Manoj Kharat, then Single Window Operator holding office between November 2014 and December 2017.
The FIR registered on Thursday against Choksi says: “Accused Bank officials Gokulnath Shetty and Manoj Kharat in connivance with accused companies and directors during 2017-18 defrauded PNB to the tune of Rs 4886.72 crore in issuance of fraudulent and unauthorised LoUs in favour of foreign branches of different India-based banks and purported LCs (Letters of Credit) in favour of foreign suppliers of the accused companies.”
In short, the pointers are very clear - that the Central govt led by Narendra Modi is blatantly lying when it says that the PNB scam was caused by or developed under the previous govt !
Re: Re: Hi
by Michael Dsa on Feb 19, 2018 01:09 AM
Why do we always defend and blame political parties. remember they dont run the country its we who vote for them and they are employed paid from our money(that is if you pay tax) to help run and make decisions. Now days it looks like the reverse anyways, political parties seem to tell us we will run the way we want you need to follow us. All these scams and bank frauds are going to be paid from our pockets my friend. I wouldn't be surprised if there is a new 1 % or 2% cess added to clean this like we have the swach bharat cess to clean our own dirty habits of littering around where we stay :)
After Stones, now we are left with Pens. Banks now going to loot more innocent customers in the name of fines and fees, after loosing crores of money to these high profile thieves.
