CBI : PNB Scam started from 2008

     Written by : SMTV24x7 | Wed, Feb 21, 2018, 06:56 PM

CBI :PNB Scam started from 2008

New Delhi Feb 21: A Bigger scam has been identified in recent days and the Massive default of loan of Rs 11400 Cr by Jeweler Nirav Modi to Punjab National bank has shaken the nation. Currently, many agencies are investigating the case.

However, news facts have emerged in the case after the CBI has arrested the PNB Former deputy manager Gokulnath Shetty in the case. The CBI officials have said that "Shetty has said that issuing of letters of undertaking (LoUs) had been going on since 2008."

The court has said that "There is a possibility of involvement of bank officers in diverting the money of the bank. The offense needs to be investigated and the investigating officer (IO) has to confront the accused with various documents."