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Probe finds Gokulnath Shetty used unlimited powers in clearing 13k transactions above Rs 1 crore, says report

Updated : June 26, 2018 11:43 AM IST

Shetty, a key accused in the $2 billion fraud involving diamond merchants Nirav Modi and his uncle Mehul Choksi, was permitted to use unlimited powers in clearing transactions.
Report suggested various red flags were ignored as PNB probe team found Shetty sent at least 35 emails to the bank’s treasury division at its Delhi headquarters “outside” normal working hours — from 8 PM to 9.30 AM.
Probe finds Gokulnath Shetty used unlimited powers in clearing 13k transactions above Rs 1 crore, says report

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