Gokulnath Shetty

PNB scam: Senior executive of fugitive diamantaire Nirav Modi's firm gets bail

According to the CBI, the executive was aware of the fraudulent letters of undertaking (LoUs) issued by PNBs former deputy manager Gokulnath Shetty in favour of Modi's firms.

PNB fraud: Fugitive jeweller Mehul Choksi confirms he received Antigua and Barbuda's citizenship via investment plan

Gitanjali Gems boss Mehul Choksi also said that his application was motivated by a desire to expand his business in the region

Make prosecution witness in PNB scam an accused, says former employee of Gitanjali Group in a plea in court

Nitin Shahi, a former assistant finance manager with the Gitanjali Group, headed by Mehul Choksi, filed the application before the special CBI court through his lawyer Vijay Agarwal.

Nirav Modi, Gokulnath Shetty named in chargesheet filed by CBI in PNB fraud case

Billionaire jeweller Nirav Modi, Allahabad Bank MD and CEO Usha Ananthasubramanian and 20 others have been chargesheeted by the CBI.

Exclusive: Days after CBI FIR in PNB scam, Nirav Modi withdrew huge sum from an Indian bank in Antwerp

PNB had alleged that its officials mainly Gokulnath Shetty and Manoj Karat of Brady House branch in Mumbai fraudulently issued LoUs without following bank’s prescribed procedures of obtaining required request applications, documents, approval of the authorities.

PNB scam: 11 people, including former deputy general manager, remanded to judicial custody till 28 March

A special CBI court in Mumbai on Saturday remanded in judicial custody till 28 March the 11 accused arrested in connection with the multi-crore Punjab National Bank (PNB) fraud case

PNB scam: CBI adds charge of criminal breach of trust to FIR; Mehul Choksi, others may face life term if found guilty

CBI told a Mumbai court that it has added charge of 'criminal breach of trust' to the case related to diamond trader Mehul Choksi's firms in PNB fraud case

Life after PNB fraud: As the heat turns on India's bankers, a loan squeeze may hurt economy

Circa 1996, state-controlled Indian Bank faced a Rs 1,336 crore scam which after inflation-adjustment may compare well in size with the PNB fraud.

RBI and other agencies missed warning signs, failed to detect Rs 12,700-cr Punjab National Bank fraud

Reuters has uncovered new evidence that shows the RBI also failed for years to either detect the fraud or respond adequately to red flags in the banking system.

PNB fraud: Central agencies intensify crackdown on Nirav Modi, Mehul Choksi; assets worth Rs 5,671 crore seized

The crackdown on billionaire diamantaire Nirav Modi and his uncle Mehul Choksi intensified with the ED seizing jewellery worth Rs 22 crore, the I-T department attaching seven properties, and the CBI grilling four senior executives of his company