Punjab National Bank "in view of fraudulent activities" has asked Gitanjali Group companies to pay "outstanding" dues amounting to Rs 10.4588 billion, the jewellery firm said in a regulatory filing.
Gitanjali Gems also released resignation letter of Independent Director S Krishnan.
The firm, a key entity involved in Rs 114 billion scam at PNB, said this in reply to clarifications sought by the stock exchanges.
Through the letters, PNB has informed these companies that "in view of fraudulent activities by the group companies Gitanjali Gems, Nakshatra Brands and Gili India, it has been decided by the bank to recall facilities being enjoyed by the company with our bank with immediate effect".
The scam-hit state-owned bank had asked the four group companies to pay the "outstanding dues" amounting to Rs 1045.88 crore "within days".
Investigating agencies, including Enforcement Directorate, Central Bureau of Investigation and Income Tax Department, has launched probe into the alleged fraud.