CBI questions RBI officials in connection with PNB fraud

CBI is also looking into whether the 80:20 gold scheme introduced during the UPA regime has benefitted the firms of Nirav Modi and Mehul Choksi

The Central Bureau of Investigation (CBI) is questioning senior officials of the Reserve Bank of India (RBI) in connection with the ~130-billion fraud at Punjab National Bank (PNB). Simultaneously, their connection is also being probed over the 80:20 gold import scheme, which has allegedly benefitted firms of Nirav Modi and Mehul Choksi. Modi and Choksi are the primary accused in the PNB case.

According to senior officials of the agency, two general managers and one chief general manager of the Reserve Bank of India have been questioned over the past one week to ascertain whether the apex bank was aware of