CBI registers case against PNB, officials commit fraud like Nirav Modi

Bhubaneswar, Ta. 11 June 2020, Thursday

The Central Bureau of Investigation (CBI) has registered a Rs 32 crore fraud case against Punjab National Bank (PNB) in Odisha. This whole case is similar to the much talked about Nirav Modi case in which Global Trading Solution Ltd along with bank officials took advantage of CC and Lc and later transferred the money to other companies.

In this case, the CBI has registered a case against nine people, including four PNB bank officials and company owner Abhinash Mohanty. The Central Bureau of Investigation (CBI) has also registered three cases of fraud by chit fund companies in West Bengal on the orders of the Supreme Court.

In fact, after the Sharda Chit Fund scam came to light, an application was filed in the Supreme Court alleging fraud by chit fund companies in West Bengal and Odisha and the CBI was directed to probe the chit fund fraud in both the states. Three cases have been registered by the Kolkata branch.