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CBI files charge sheet in Nirav Modi case, names PNB ex-chief, senior officials

Press Trust of India  |  New Delhi 

Billionaire Nirav Modi, Bank MD and were among 22 people charge-sheeted by the CBI today in connection with the country's largest financial scam worth over USD 2 billion in (PNB), agency sources said.

The charge sheet, filed in a special court in Mumbai, detailed the alleged role of Ananthasubramanian, who was the MD and of PNB from 2015 to 2017 and was questioned recently by the CBI in connection with the case, the sources said.

The agency has also named PNB directors K V and Sanjiv Sharan, and (international operations) Nehal Ahad, and Nirav Modi's brother Nishal in its charge sheet.

The CBI said the fraudulent Letter of Undertakings (LoUs) issued to were for Rs 6,498.20 crore, the sources said.

The charge sheet, however, did not name Nirav Modi's wife and his uncle and business partner Mehul Choksi, they said.

The agency has detailed the roles of Nirav Modi, his brother Nishal and Subhash Parab, an in Nirav Modi's company, they said.

The charge sheet primarily deals with the first FIR registered in the case relating to the fraudulent issuance over Rs 6,498.20 crore worth of LoUs to Diamond R US, Solar Exports and

The agency has not given in detail the role of in the present charge sheet. It is likely to come up when the CBI files supplementary charge sheets in the case related to the probe into his

The CBI has registered three separate FIRs in connection with the alleged fraud of USD 2 billion in the by the companies of and Choksi.

Both Norav Modi and Choksi had left the country before PNB filed the complaint with the CBI.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 18:05 IST