INDIA
The Central Bureau of Investigation (CBI) on Wednesday arrested the Chief Auditor of Punjab National Bank (PNB) in connection with the fraud involving billionaire diamond merchant Nirav Modi and Mehul Choksi.
The Central Bureau of Investigation (CBI) on Wednesday arrested the Chief Auditor of Punjab National Bank (PNB) in connection with the fraud involving billionaire diamond merchant Nirav Modi and Mehul Choksi.
The internal Chief Auditor has been identified as Mr. MK Sharma who is Chief Manager rank ( Scale IV) officer.
He was allegedly responsible for auditing the systems and practices of the bank's Brady House Branch and report the deficiencies to Zonal Audit Office.
He will be produced tomorrow in the designated court on Thursday.
The total assets seized by the ED, in this case, are now over Rs 6,393 crore, officials had said, adding that this was being independently valued.
Modi, Choksi and others are being investigated by the ED and other probe agencies after the fraud recently came to light, following a complaint by the PNB that they allegedly cheated the nationalised bank to the tune of Rs 11,400 crore, with the purported involvement of a few employees of the bank.
The CBI and the ED have registered two FIRs each to probe the case. Both Modi and Choski are said to have left the country before criminal cases were lodged against them.
The ED, a central probe agency under the Union finance ministry, is investigating if the allegedly defrauded bank funds were laundered and proceeds of crime were subsequently used by the accused to create illegal assets and black money.
The agency has also asked about 16 other banks, apart from the Punjab National Bank, to share with it the details of loans extended and collaterals offered in the case of Modi, Choksi and their companies.
RCB captain announcement LIVE Updates: Virat Kohli or Rajat Patidar, who will lead team in IPL 2025?
Ranveer Allahbadia cries in viral video over..., the truth behind it will shock you
Meet actress who is queen of Rs 500 cr club, set to enter again with..., she is...
Rohit Shetty teases 'biggest love story of 2025' feat Ranveer Singh and.., fans react
Hajj 2025: You can't take your children to Hajj this year due to...
Aly Goni supports Samay Raina because..., says he was forced to...
Students' farewell dance on SRK's 'Aankhein Khuli' steals the show, watch viral video
World’s longest railway station has 44 platforms, 67 tracks, has secret platform, located in…
New Income Tax Bill likely to be introduced in parliament today; here's what to expect
Meet IIT-JEE topper with 300 marks in JEE Mains Session 1 Result 2025, advices students not to...
Rozlyn Khan files defamation case against Ankita Lokhande: 'A woman who could use...'
PM Modi US visit: PM Modi arrives at Blair House, greets members of Indian diaspora
Meet son of billionaire whose net worth is Rs 77,280 crore, leads business empire in Australia as...
Happy Kiss Day 2025: Wishes, WhatsApp messages, images, quotes to share with your lover
Why Jasprit Bumrah was ruled out of Champions Trophy 2025? Report says Ajit Agarkar...
Meet woman, who studied 17-18 hours daily, cracked UPSC in sixth attempt with AIR..., she is...
DNA TV Show: Delhi Police searches for AAP MLA Amanatullah Khan in threat case
ICC Champions Trophy 2025 warm-up fixtures: Will India play any practice game before mega event?
Meet man, IIT graduate, who once worked at Google, OpenAI, now owns...
BTC X8 Bumex Review 2025: Scam or Legit Trading Platform? Quick Facts!
AR Rahman comments on future of music, worries about THIS genre: 'We have lost all…’
UPSC introduces changes in online application process after aspirants' complaints; check here
TRAI's BIG move, introduces new rules against pesky calls, messages, fines telcos for...
Vir Das breaks his silence on India’s Got Latent controversy: 'A good artist will always…'
Who was Kim Rieul? Korean designer behind BTS and MONSTA X’s modern hanboks passes away at 32
Trade Compliance Meets Cybersecurity: Forensic Strategies for Risk Management
Enabling governance to organizations within AWS marketplace: A look at private marketplace
R Madhavan makes BIG STATEMENT about his bank account: 'I don't know how much I have and...'
Asense Interior: Celebrating 11 Years of Redefining Luxury Interiors in Bengaluru
Snow Moon 2025: When and how to witness February's full moon tonight? Know here
Kiss Day 2025: Why do we celebrate this day? Know history and significance
DNA Verified: Is Rashtrapati Bhavan hosting a wedding for the FIRST time? Know truth here
India's retail inflation slows to 4.31 per cent in January due to...
WATCH: Maha Kumbh girl Mona Lisa starts training before filming her 1st movie alongside Anupam Kher
Radhika Merchant stuns in blue and green suit at MahaKumbh Mela, it costs Rs....
BIG move by Mukesh Ambani, Reliance partners with US company, set to drive...
IND v ENG: Why are India and England players wearing green arm bands in 3rd ODI at Ahmedabad?
Tripti Dimri sets major beachwear goals in Maldives; can you guess price of her swimsuit?
Mitolyn Supplement Reviews: Ingredients, benefits, side effects, purple peel exploit
Gaurav Sharma: Visionary leader driving cybersecurity excellence
All About Details: Turning ordinary outfits into statement looks
Duolingo owl is dead? Launguage learning app urges users to respect Dua Lipa's privacy, know why
Why digitisation is necessary in construction industry and why its adoption remains slow
Meet IIT-JEE topper, who created record in Odisha by scoring 99.98 percentile, aims to join...
When is Shab-e-Barat 2025 – February 13 or 14? Check history, significance
THIS is India's last railway station where train never stops, know why
GBS outbreak: Mumbai reports its first death due to Guillain-Barre Syndrome
Ram Gopal Varma questions Rajinikanth's acting, says 'I don’t know if he can exist without...'
Who was Acharya Satyendra Das? Ayodhya Ram temple's chief priest who passed away in Lucknow
Old wedding card mentioning IIT degrees of couple creates buzz on social media; see viral post
Chunky Panday says Shatrughan Sinha advised him to 'make people wait': 'If you are punctual...'