New Delhi, Feb 17: The payments to Nirav Modi stores were mostly made through cash, raids in connection with the PNB fraud case revealed. The raids also revealed that diamond czar Nirav Modi accepted a total of Rs 158.49 crore in cash for diamonds. It has also been reported that the celebs and politicians who paid him in cash for diamonds have been identified. “A part of the payment was made by cards or cheque and a large amount was in cash,” said an official. Also Read - PNB SO Recruitment 2020: Over 535 Vacancies For Manager, Senior Manager Posts, Online Application Starts From Tomorrow
Meanwhile, the Central Bureau of Investigation (CBI) arrested three key accused in the Nirav Modi-PNB fraud case. Punjab National Bank’s former deputy manager Gokulnath Shetty and SWO Manoj Kharat were on Saturday arrested by CBI in connection with the Nirav Modi’s fraudulent transactions of over Rs 11,400 crore. (Also Read: The ‘Diamond King’ Was Planning to Sneak Out Since 2016) Also Read - PNB Fraud Case: Nirav Modi Extradition Trial Resumes in UK Court
Hemant Bhat, Authorised Signatory of the Nirav Modi Group of Firms, has also been arrested. All the arrested accused will be produced today before a special CBI court in Mumbai, news agency ANI reported. Nirav Modi is accused of triggering Rs 11,300 crore fraud on Punjab National Bank. (Also Read: Most of Nirav Modi’s Fraud LoUs Issued, Renewed in 2017-18, Says CBI) Also Read - PNB Money Laundering Case: Interpol Issues 'Red Corner Notice' to Arrest Nirav Modi's Wife Ami Modi
The Enforcement Directorate (ED) has also seized property worth Rs 3 crore on the third day of raids in the Nirav Modi-PNB fraud case. The raids are currently underway at a Gitanjali Gems store in Durgapur, West Bengal. Earlier in the day, it was reported that Nirav Modi has been hiding in a luxurious hotel suite in New York. (Also Read: The ‘Diamond King’ Was Planning to Sneak Out Since 2016)
In other reports, the Central Vigilance Commission (CVC) summoned the PNB management and Finance Ministry officials to appear before it, ANI reported. MD and CEO, Punjab National Bank, Sunil Mehta is likely to appear before CVC on Monday at 11 AM. He is expected to be accompanied by Chief Vigilance Officer (CVO) of PNB. Additional secretary, department of financial services, is likely to be present on behalf of the Finance Ministry.