PNB boss quizzed

New Delhi: The CBI is questioning the top brass of the state-run Punjab National Bank, including managing director and chief executive officer Sunil Mehta and executive director Brahmaji Rao, in the banking scandal case.

"Both Mehta and Rao were asked to appear before the investigators in Mumbai today (Saturday) and are being questioned," CBI spokesperson Abhishek Dayal said.

A CBI source said the officials were being interviewed to gather information on how the scam was detected and they were not being treated as suspects.

Mehta replaced Usha Ananthasubramanian as managing director and chief executive of Punjab National Bank in May 2017. The notification was issued on May 5, three days after the last known fraudulent letter of undertaking was allegedly issued to a Mehul Choksi firm.

Ananthasubramanian was made the MD and CEO of Allahabad Bank. Before joining PNB, Mehta was executive director of Corporation Bank.

The Enforcement Directorate on Saturday attached 21 properties, including a penthouse and a farmhouse, of Nirav Modi. A tweet from the directorate estimated the value of the assets at Rs 523.72 crore.


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