The CBI on Wednesday filed its supplementary chargesheet against billionaire Mehul Choksi and his companies under Gitanjali Group regarding the Punjab National Bank scam involving over USD 2 billion.
CBI has also charged 16 other firms with charges of cheating, criminal conspiracy, provisions under the Prevention of Corruption Act, in a chargesheet filed in the CBI special court, Mumbai.
Earlier, the CBI filed its first chargesheet in the PNB scam. The Rs 13,400 crore scam, which involved Nirav Modi raised many eyebrows and exposed the corruption within state-owned banks.
CBI filed the chargesheet just before the 90-day period to file charges. The accused would not be able to be free on bail following this.
The CBI stated that top PNB officials did not comply with RBI’s circular over SWIFT control system.
Nirav Modi was named as an absconding accused by the CBI.
Stellar Diamond is one of the three firms, named by the CBI in its chargesheet. Besides this, the probe agency also named Sanji Saran, Brahmaji Rao and Nehal Ahad.
Punjab National Bank, which is India’s second largest state-owned bank after SBI, on February found out that it had been duped of Rs 12,000 crore through guarantees for Mehul Choksi and Nirav Modi.
(With inputs from agencies)