Nirav Modi scam at PNB: CBI arrests 3 more, ED to question five banks

The Enforcement Directorate suspects money laundering by Nirav Modi, will verify checks and balances

On Monday, the Central Bureau of Investigation (CBI) officials said the probe agency had arrested three more Punjab National Bank (PNB) employees of the Brady House branch in Mumbai in connection with the Nirav Modi case, taking the total arrests to six. 

PNB chief manager Bechhu Tiwari and manager Yashwant Joshi, both from the foreign exchange department, and Praful Sawant, officer-export, were arrested on Monday. The CBI had arrested PNB’s former manager Gokulnath Shetty and single-window operator Manoj Kharat, and Modi firms’ authorised signatory Hemant Bhat on Saturday.

The Enforcement Directorate (ED) will question five banks that honoured the letters of