New Delhi: The CBI has arrested a General Manager-rank officer of the Punjab National Bank posted at the bank's head office In New Delhi in connection with the alleged Rs 11,300-crore fraud involving billionaire jewellers Nirav Modi and his uncle Mehul Choksi, officials said.
Rajesh Jindal, who was earlier the head of the Brady House, Mumbai branch of the bank during 2009-11, was taken into custody last night, they said.
It is alleged that the issuance of Letters of Undertaking to Nirav Modi group firms without sanctioned limits started during his tenure.
Mr Jindal is presently posted as General Manager, Credit, PNB Head Office, New Delhi.
It is alleged that Rs 11, 400 crore of LoUs were fraudulently issued to the firms of Nirav Modi and Choksi.
Rajesh Jindal, who was earlier the head of the Brady House, Mumbai branch of the bank during 2009-11, was taken into custody last night, they said.
Mr Jindal is presently posted as General Manager, Credit, PNB Head Office, New Delhi.
Advertisement
COMMENTS
Advertisement
Vijay Mallya, Nirav Modi Fled As Probe Agencies Didn't Arrest Them At Proper Time: Court UK Will Be Seen As Haven For Tax Evaders: S Jaishankar On Extradition Cases "Reasons Beyond Control": Mehul Choksi On Why He Hasn't Returned To India Parents Gave Names Of Interns, Doctors To CBI In Kolkata Horror: Sources Who Is Jasveen Sangha, "Ketamine Queen" Charged With Matthew Perry's Death How Extreme Weather Is Leading To Rise In Child Marriages In Pakistan Two Sisters Returning From Court Run Over By Car In UP: Cops India Sends 1,400 kg Anti-Cancer Drugs To Syria In Humanitarian Assistance Police Arrest Suspect In Bihar Dalit Girl Kidnapping, Murder Case Track Latest News Live on NDTV.com and get news updates from India and around the world.