PNB Scam: Ex-bank official arrested by CBI

February 17, 2018 12:40

The Central Bureau of Investigation today arrested Gokulnath Shetty, deputy manager of the Kala Ghoda branch of Punjab National Bank in the Rs 11,300-crore fraud case.

On Friday, the CBI had raided Gokulnath Shetty's home in suburban Mumbai for several hours.

He is the former deputy manager of the Kala Ghoda branch of Punjab National Bank where the massive scam was unearthed.

Manoj Kharat, SWO (single window operator) PNB and Hemant Bhat, an official at the Nirav Modi Group of Firms were also arrested along with Shetty.

The three will be produced before CBI special court in Mumbai today.

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