PNB executive director K V Brahmaiji Rao, who has been divested of powers, today called on Financial Services Secretary Rajiv Kumar to explain his position with regards to the CBI chargesheet naming him in the Nirav Modi fraud case.
The CBI on Monday filled a chargesheet in the Punjab National Bank's USD 2 billion fraud case in a Mumbai court naming Rao, another executive director Sanjiv Sharan and the bank's former MD Usha Ananthasubramanian in the scam.
Following the development, the Finance Ministry asked the PNB board to strip two executive directors of all functional powers. The PNB board met the same day and divested the two executive directors of all financial and executive powers.
Meanwhile, sources said Ananthasubramanian did not attend office today.
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