Mumbai: A Special PMLA court in Mumbai on Saturday issued non bailable warrant against Nirav Modi and Mehul Choksi in connection with (Punjab National Bank) PNB Fraud Case.
The Central Bureau of Investigation (CBI) on Saturday produced 6 accused including PNB deputy manager Gokulnath shetty before special CBI court.
All the six accused have been sent to 14 days judicial custody. The six accused include Gokulnath Shetty, former deputy manager PNB; Manoj Kharat, single window operator; Hemant bhat, authorised signatory for nirav modi in his firms; Bechchu tiwari, chief manager incharge of forex and supervisor of Gokulnath Shetty; Yashwant joshi, manager forex and supervisor of Shetty; Praful Sawant, PNB official whose job was to check SWIFT daily.
The PNB detected a billion dollar scam, earlier this year, in which Nirav Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders.
The Enforcement Directorate (ED) provisionally attached immovable properties of Nirav Modi and companies controlled by him.
The scam, which allegedly started in 2011, was detected in the third week of January this year, after which the PNB officials filed a complaint with the CBI on January 31.