The CBI made first arrest of an auditor of the bank when its internal chief auditor M K Sharma-- a chief manager-ranked official-- was picked up by the agency.
This Bill also has a provision to confiscate assets of the offender in foreign land as well, for which the government will have to make arrangements with different countries.
The ED had early this week examined state-owned bank's Executive Director K V Brahmaji Rao to understand how the alleged fraud was detected and other banking procedures.
The attached properties include 15 flats and 17 office premises in Mumbai, M/s Hyderabad Gems SEZ in AP, a shopping mall in Kolkata, farm house in Alibaug and 231 acres land in Maharashtra and Tamil Nadu.
The department said it has also got issued a Look Out Circular against Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems, to keep a tab on their entry at all land, air and sea ports in the country.
The official has been identified as MK Sharma-- a chief manager-ranked official. It is the first arrest of any auditor of the bank.
Officials said that Nirav Modi was asked to appear before the agency in connection with its probe in the over USD two billion alleged fraud perpetrated in the PNB.
The CBI on Tuesday said it has questioned former Punjab National Bank Managing Director Usha Ananthasubramanian and ICICI Bank Executive Director N.S. Kanan in connection with its over Rs 12,600 crore bank fraud case.
A magistrate's court here today issued a bailable arrest warrant against diamond trader Nirav Modi in connection with a case of alleged tax evasion in purchase of a property which turned out to be "benami", an Income Tax department official said.
Firestar Diamond, Inc filed the Chapter 11 petition in the New York Southern Bankruptcy Court yesterday, according to the court filing.
Noting that Modi, during his recent visits to Karnataka had, among other things, spoken on the issue of corruption, Surjewala said after 46 months in power "if one person in India has to answer on corruption, it is Modi and his party the BJP."
Executive Directors and chief technology officers (CTOs) of PSBs have been asked to prepare a blueprint to enhance preparedness for combating increasing risks, Financial Services Secretary Rajiv Kumar said in a tweet.
In a filing to the BSE late last night, the bank said the amount of unauthorised transactions could go up by more than Rs 1,300 crore.
The ED today also examined the state-owned bank's Executive Director K V Brahmaji Rao to understanding how the alleged fraud was detected and other banking procedures.
On January 31, the CBI had registered an FIR against Nirav Modi, his companies, and diamond jeweller Mehul Choksi. Later, the ED also started its probe.
The countries where the LRs would be sent include Belgium, Hong Kong, Switzerland, the United States, the United Kingdom, Dubai, Singapore and South Africa.
IBA said there is an urgency to fast-track SWIFT-CBS linkage. This came after the country's second largest state-run lender Punjab National Bank detected a Rs 11,400-crore fraudulent transactions at one of its branches in Mumbai.
According to the CBI, top PNB officials were called at the agency's Mumbai branch and were questioned for over 7 hours.
Reacting to the development, Nirav Modi's lawyer Vijay Agarwal said that government agencies are acting contrary to each other.
Top News
Latest News
