CBI arrests Gokulnath shetty in PNB scam

New Delhi Feb 18: 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.

The CBI had arrested Gokulnath Shetty, the PNB official at the center of the Rs 11,300 crore scandal at Punjab National Bank on Saturday.Sources said that "Shetty, a former deputy manager at the Punjab National Bank, and Manoj Kharat, have been described as the single window operators of the scam that is now being billed as the biggest in India's banking history."

The police also arrested a third person, Hemant Bhat, who, according to sources, is probably the authorised signatory of the companies tied to Modi.