PNB scam: Gitanjali Group's VP held, SFIO calls top bankers; 10 highlights

ICICI Bank Managing Director and Chief Executive Chanda Kochhar and her Axis Bank counterpart Shikha Sharma have been summoned by the SFIO in connection with the scam at PNB

ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar and her Axis Bank counterpart Shikha Sharma were on Tuesday summoned by the Serious Fraud Investigation Office (SFIO) in connection with the Rs 127-billion Punjab National Bank (PNB) fraud involving absconding diamantaire Nirav Modi and his uncle Mehul Choksi.  

Sources said the anti-fraud agency asked senior executives from 31 banks with business dealings with firms promoted by Modi and Choksi to be present at its office in financial capital Mumbai. 

Meanwhile, the Central Bureau of Investigation (CBI) on Tuesday detained Gitanjali Group of Companies Vice-President Vipul Chitalia as part