PNB fraud: UCO Bank says has $411.82 mn outstanding exposure

At the end of September Gitanjali Gems had a net debt of Rs6,874.97 crore

The Income Tax Department too attached 29 properties and 105 bank accounts of Nirav, his family and companies.

The Central Vigilance Commission (CVC), for its part, summoned the PNB management and Finance Ministry officials to appear before it on February 19. Despite being a member of the BJP-led governments in Maharashtra and at the Centre, the Sena has been critical of the Modi government over several of its policy decisions.

The Special Court observed that the charges leveled against the accused were "very serious" and sent them in police custody.

Shetty and Kharat were arrested in the early hours of Saturday from separate locations by the CBI and were interrogated.

The ED raided the showrooms in Patna, Bhopal, Jaipur, Hyderabad and Durgapur run by Mehul Choksi's Gitanjali Jewels and seized diamonds, gold, precious stones, metals and jewellery worth Rs 25 crore.

Congress president Rahul Gandhi on Saturday bluntly asked Prime Minister Narendra Modi to tell the nation how Rs 22,000 crore of public money was looted from banks instead of tutoring children how to cope with examination stress. "Shetty has claimed that this was a routine procedure that he followed, and we suspect more PNB officials are involved in the scam", said the official. He said the investigation into the PNB fraud is still on, and the government will not spare any guilty person.

CBI officials stated that Gokulnath was picked up on Thursday from his flat at Rustomjee Ozone complex in Malad.

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The Income-Tax Department attached 29 properties and 105 bank accounts of Modi, his family and companies, said officials, adding he has been booked under the new anti-black money act for alleged possession of illegal assets overseas.

The CBI has also filed a fresh FIR against Choksi and Gitanjali Gems, the company he promoted, PTI quoted officials as saying.

Congress leader Kapil Sibal alleged that the market capitalisation of listed companies in the gems and jewelry business is pegged at Rs 41.66 billion, while its gross current debt stands at Rs 94 billion.

"The Congress indulges in such scandalous affairs, misuses important positions in government, then quietly covers up everything they do". These letters were cashed overseas from different banks.

Visuals of items seized by the Enforcement Directorate.

The ED has also made a decision to reach out to the 16 members of Eurasian group on combating money laundering and financing of terrorism known as EAG, 41 members of the Asia/Pacific Group (APG) on money laundering and 35 members of Financial Action Task Force (FATF) to locate the shops and showrooms of Modi and Geetanjali.



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