New Delhi, Feb 20: In connection with the Punjab National Bank - Nirav Modi fraud case, the Central Bureau of Investigation (CBI) has examined ten PNB officials on Tuesday.
The bank officials who were questioned by the law enforcement agency today include the Executive Director level officers.
Eight officials of Nirav Modi's company and ten Gitanjali group officials were also questioned, according to certain reliable sources from the police department.
Reportedly, the CBI has found a new farmhouse near Mumbai, owned by Nirav Modi, who is a Diamond merchant. Searches are also being conducted in this farmhouse.
On Monday 13 PNB officials were questioned by the CBI. The CBI has questioned 13 officials at the General manager level, of PNB, who were in service at the period when the transactions were made.
Four of Nirav Modi's employees were also questioned by the CBI team, including Ravi Gupta, the Chief Financial Officer of Nirav Modi's firms.
A few weeks ago a massive misappropriation of funds was detected at the Punjab National Bank. It was identified as a 1.77 billion dollar scam. In this huge scam, the Jeweller Nirav Modi has acquired fraudulent letters of undertaking from one of the branches of the Punjab National bank for overseas credit from other Indian banks.
According to reports, the scam episode was started in 2011. But it was detected only during the third week of January 2018. Later the PNB officials themselves have reported it to the Enforcement Directorate.
Eventually, the Punjab National Bank has filed another complaint with the CBI on February 13.
It was on January 28th that the CBI had received a complaint from the PNB. A case was registered later on January 31.