Three arrests including first arrest, former deputy manager Gokulanath Shetty, in PNB scam

Gokulanath Shetty is the former deputy manager of the Punjab National Bank's Mumbai branch and on the say of him, the guarantee was given on behalf of PNB, while the guarantee of guarantee was not to the PNB system.

New Delhi: The first arrest has happened in the PNB scam case. Gokulanath Shetty, former deputy manager of the Punjab National Bank of Mumbai, has been arrested from Mumbai. Gokulanath Shetty has alleged that he told the bank without issuing the letter and issuing Letter of Undertaking to Neerav Modi and Mehul Vakasi. The CBI has arrested Hemant Kharat, two officers of Punjab National Bank, two officials, and Hemant Bhatt, an official of billionaire Neerav Modi's company.

These three arrests have been made under the FIR filed against Nirav Modi and relative Mehul Choksi on January 31. In this FIR, there are eight cases of fraudulent transactions worth around Rs 280 crore. But on the basis of complaints received from the bank, the CBI has said that the first FIR will now be investigated in the amount of Rs 6498 crores, which will be probed by Shetti and Kharat by issuing a letter of undertaking Is attached.

CVC convened with the PNB management The

Central Visilance Commission (CVC) has summoned the Punjab National Bank Management for a meeting on Monday. In the meeting, the PNB will provide all the necessary information related to the management scam. After this, CVC can issue special guidelines to all the banks including PNB. This meeting will include senior officials including PNB MD along with the entire board of the CVC. Let us know that the CVC is a government body which monitors scandals in the country.

Who is Gokulanath Shetty / What is PNB scam
Gokulanath Shetty is the former deputy manager of the Punjab National Bank's Mumbai branch and on the say of him, the guarantee was given on behalf of PNB, while the guarantee of guarantee was not the PNB system. Gokulanash Shetty has retired last year. It is alleged that he has given loan from abroad to the promoter of King King Nirav Modi and Gantanjali James promoter Mehul Pakhi on his guarantee without informing the bank. Axis Bank and Allahabad Bank also gave money on the guarantee of PNB.

Neerav Modi, Mehul Vigilance did not return the money raised on the guarantee of PNB. Therefore, money has also been stashed by Axis Bank and Allahabad Bank and a scam of Rs 11 thousand 500 crore has been registered.

One of the biggest frauds in the country's banking history, after the disclosure of a scam worth Rs 11,500 crore by Punjab National Bank, FIR has been lodged after complaining to CBI on behalf of Diamond King Nirav Modi and promoter Mehul Chowkis of Gantanjali James. Neerav Modi and Mehul Vaikas are the main accused in this scandal and lookout notice has also been issued to catch them. The Foreign Ministry has suspended the passport of Neerav Modi and Mehul Vigilance and has not been ordered to do business on foreign outlets.

Discussion of the PNB scam has been going on for 4 days and there is a very big political arbitrator on this issue. Congress spokesman Randeep Surjewala said yesterday that information from the entire scandal was reported from May 7, 2015 to the Prime Minister's Office, Corporate Affairs Ministry, Enforcement Directorate, Serious Fraud Investigative Office, Sebi, Maharashtra Government and the Gujarat Government.