The officials of Central Bureau of Investigation (CBI) questioned the three arrested accused persons in connection with Rs 14,400 crore bank fraud case involving Punjab National Bank and billionaire diamond merchant Nirav Modi.
The arrested include Gokulnath Shetty, retired deputy manager of PNB, Manoj Kharat, another PNB employee and Hemant Bhat, authorised signatory of the Nirav Modi group of firms. All of them will remain under police custody till March 3.
In an overnight questioning with the complicit three, CBI officials grilled them over their role in the scam and the entire chain of events that followed.
Tightening the noose around India's biggest banking fraud yet, a CBI team ventured out to the Brady Road branch of PNB in Mumbai along with the accused. Nirav Modi is alleged to have acquired fraudulent Letters of Undertaking (LoUs) from the said branch to secure overseas credit from other lenders.
CBI is attempting to unearth the larger conspiracy, exact magnitude of the scam, identity/roles of other accused and the end-use of the public funds diverted in the fraud.
The investigating agency also searched the branch office and seized certain documents. CBI had told a Mumbai court yesterday that it suspects the involvement of more PNB officials.