First chargesheet in PNB scam
The CBI has finally filed the first chargesheet in a special court in Mumbai on the Nirav Modi-PNB scam which has severed the country’s banking sector. The diamond dealer Neeraj Modi and his uncle, Choxi, have been detained by the bank for over Rs 14,000 crore with the fraudulent LOCs from PNB. The CBI has detailed the role of senior banker Usha Anantha Subramaniyan in the scam. Usha, currently headed by Alhabayak, is a pinby MD between 2015-2017. Recently CBI officials questioned her about this scam. A total of 22 names were included in the CBI charge sheet. These include Usha, Brahmaji, Sharan along with PNB GM Nehal Anand and Nirav Modi’s brother Nishal Modi. Nirav Modi’s wife Ami and his uncle Mehul Choki are not in the first charge. The CBI is likely to file another charge sheet of Geetanjali Jams.
Choki and other names are likely to be there. The CBI filed a total of 3 FIRs in the PNB scam worth Rs 14,000 crore. In the first FIR, the Punjab National Bank said fraudulent and unauthorized Nirav Modi companies were worth Rs 6,498 crore worth of LOIs given to Diamond R US, Solar Exports and Stalar Diamonds. Two of the main accused in the scam are Neeraj Modi and Choxi.