Gokulnath Shetty, the main accused in the Rs 114-billion Punjab National Bank fraud case, retired in May 2017, after about 36 years of service.
He took only one promotion in his career, but stayed in the Fort, Mumbai, branch for seven years till his retirement. The last letter of undertaking (LoU) he helped pass for Nirav Modi was in March of that year.
A native Kannada speaker, Shetty grew up in Mangalore, but came to Mumbai for studies. His Facebook photo is that of his younger self, but the person arrested on Saturday was grey-haired. He has a squint in