New Delhi: The total fraud in the Punjab National Bank (PNB) scam maybe over Rs 11,400 crore as rollovers from 2012 have not been added in the current outstanding liability.
"Exact liability is not known, so far we are aware of approx Rs 11,400 crore liability. Rs 11,400 crore is the current outstanding, not including rollovers from 2012," PNB management told CNBC-TV18.
The bank had earlier informed that fraudulent transactions originated back in 2011.
Meanwhile, the CBI has registered fresh FIRs against the prime accused Nirav Modi and Mehul Choksi. On Thursday, the Enforcement Directorate (ED) seized gold and diamond worth Rs 5,100 crore during searches.
Modi had approached the bank through a formal letter stating he wants to repay the loan. Terming them as “vague offers”, PNB rejected them and has asked Modi to come in person and settle matters.
Nirav Modi and Mehul Choksi’s passports were also cancelled for four weeks by the Ministry of External Affairs on Friday. “On the advice of the Enforcement Directorate, the passport issuing authority in the Ministry of External Affairs has suspended the validity of passports of Mr. Nirav Deepak Modi and Mr. Mehul Chinubhai Choksi with immediate effect for a period of four weeks u/s 10(A) of the Passports Act 1967,” said a press release by MEA.
CBI has also reached former PNB Deputy Manager Gokulnath Shetty's residence in Malad. Shetty has been untraceable since few days.
A finance ministry official told CNBC-TV18 that they will start probe on 36 firms linked to Gitanjali Gems post-PNB scam.
The Enforcement Directorate (ED) has issued summons for appearance to Modi and Choksi. They said both Modi and Choksi were summoned under the Prevention of Money Laundering Act (PMLA) and asked to depose within a week’s time. The notices were handed over to the directors of the firms of the two businessmen as they were not in the country.
The CBI has registered an FIR against Choksi's Gitanjali Group of companies on the complaint of PNB. CBI is conducting searches at locations of Gitanjali Group Companies at 20 places in six cities across the country.
Searches at locations belonging to Gitanjali group of Mehul Choksy,Other directors of the accused companies and other group factories also raided. Searches being conducted in Maharashtra (Mumbai and Pune), Gujarat (Surat), Rajasthan (Jaipur), Telangana (Hyderabad) & Tamil Nadu (Coimbatore).
Punjab National Bank suspended eight more officials, the number of suspended employees now stands at 18, which also includes General Manager level officers. Internal investigation of the bank is still underway.
According to officials from the Ministry of Finance, recapitalisation of PNB will not be impacted by fraud case, the bank will get its recapitalisation share of Rs 5000 crore, as allocated earlier.
Interpol diffusion notice has also been issued against Nirav Modi, his wife Ami Modi, brother Nishal Modi and Mehul partner Choksi.
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