The Central Bureau of Investigation (CBI) has arrested a former and a current employee of Punjab National Bank (PNB) and one executive of the Nirav Modi group of companies in connection with a Rs 114 billion fraud at the bank.
A special court on Saturday remanded all three accused to CBI custody till March 3.
On Saturday morning, the CBI detained PNB’s former deputy manager Gokulnath Shetty, the bank’s single window operator Manoj Kharat, and Hemant Bhat, the authorised signatory for jewellery tycoon Nirav Modi’s group companies.