Summary:
The CBI court on Monday handed over the charge sheet to the accused arrested in the Punjab National Bank (PNB) scam case. The charge sheet states: "A similar fraud was detected in 2016 in respect of the SWIFT transactions and the RBI had issued a circular about the same. Diamantaire Nirav Modi is accused of allegedly defrauding the PNB of Rs 6498 crore. According to CBI, Modi and Chowksi group has allegedly defrauded PNB by raising credit from overseas branches of other Indian banks using illegal guarantees with the help of several top-level PNB officials. This was dealt by the four above accused and instead of replying on the queries, Abad prepared a misleading reply dated October 31,2016 and sent the same to RBI after getting it approved by Sharam," the charge sheet said..