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FIR against PNB ex-official for graft

Photo for representation only.

New Delhi: The CBI has filed an FIR against the retired deputy manager of Punjab National Bank (PNB), Gokulnath Shetty, for allegedly taking a bribe of Rs 1.08 crore from Rishika Financials, which is alleged to have arranged bank guarantees for Gitanjali Gems, a firm owned by fugitive diamond merchants Mehul Choksi. According to CBI officials, Shetty is one of the main accused in the Rs 13,000-crore PNB fraud allegedly perpetrated by Choksi and Modi. — TNS

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