CBI
had arrested the former deputy manager GokulNath Shetty, Manoj Kharat and
Hemant Bhatt from Nirav Company. Shetty, before his going to superannuation,
had issued several LoU to Nirav Choksi’s company so that the company kept on
siphoning the fund without any hindrance till one year.
CBI
has recovered many important documents from Brady house. CBI has taken the
protection of PNB Branch Brady Road Mumbai. The search for documents inside
the bank is going on and it shall be continue till Wednesday. Agency has
questioned GM including five officers.
This is the branch where the scam was begun from.
The
diamonds were the first preference to the scamisters. The collusion between the
scamisters and the diamond businessmen is under scanner. Nirav Mehul’s
registered companies are being investigated.
Nirav
and Choksi’ men had the access to the bank computer system. These men could
login swift system from home. These five levels password had been provided by
Shetty. The siphoned fund was utilized to the imbursement of banks’ loans, not
for the business purpose. Some amount of the fund was used for other business.
