The CBI is likely to chargesheet two serving and one former senior officer of Punjab National Bank with 19 others arrested in the alleged Rs 13,400 crore fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi. Sources said the first chargesheet is likely to be filed Tuesday in the case registered against Nirav Modi. Between January and March, the CBI filed three FIRs in the case — against Nirav Modi, Mehul Choksi and also against Modi’s company Firestar Diamonds.
“In 2016, a fraud of a similar nature was detected where the accused persons in criminal conspiracy with branch officials siphoned off bank funds under the garb of letters of comfort, in favour of a Hong Kong-based company, purportedly issued by the Chandigarh branch of a nationalised bank to the overseas branches of two other nationalised banks including PNB,” said an official.
The CBI is likely to file the first set of chargesheets this week just before the 90-day period to file charges against those arrested ends. This to deter the prospects of the accused seeking bail on the ground that the probe agency failed to file its chargesheet against them in the stipulated period as mandated under the Code of Criminal Procedure (CrPC), sources told The Indian Express.
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