Nirav Modi team had a free run at PNB; CBI quizzes Firestar's Vipul Ambani

Conniving PNB staff got 'commission' on every LoU

The two detained Punjab National Bank (PNB) officials under the Central Bureau of Investigation’s (CBI’s) custody said Nirav Modi’s team was given “unauthorised access” to PNB’s computer systems for a “commission” on every letter of undertaking (LoU) issued, said a probe agency source.  

On Saturday, the CBI had arrested three people, including PNB’s former deputy manager Gokulnath Shetty, the bank’s single-window operator Manoj Kharat, and Hemant Bhat, authorised signatory for Nirav Modi’s firms. A special court remanded all the three accused in 14 days’ CBI custody. 

During interrogation, the arrested bank officials revealed they had provided their account details and passwords