Indian Federal Police arrested three other employees of Punjab National Bank on Monday for fraud with fraud of $ 1.77 billion, and the government has said that the government has published a supervisory failure of the central bank, police and local media reports.
Police said that two former arrested bank staff had come to Calcutta to issue a guarantee of bail from Billionaire Jawahar Nivar Modi and his uncle, which is used by traders to collect loans from overseas Indian banks during the seven-year tenure.
Under the supervision of the Foreign Exchange Department of the state-run bank, two other officers and others who were responsible for the communication of the SWIFT messaging platform were presented in the recent storm by the CBI investigation.
Three officers - on the charge of Police Supervisor Lapses - a little higher than the two PNB employees arrested by the police and more appearing in the court on weekends.
On Monday afternoon, the arrest of India's largest banking scandal was shown. According to the local media, the finance ministry, in the only branch of Mumbai, raised a finger of the Reserve Bank of India for failing to increase fraud in the single branch of Mumbai.
The government has written a letter to the Reserve Bank of India, reports of financial news suppliers, New Zealand and other local media have reported "raising questions about supervision effectiveness to detect and test systemic failure" due to failure to detect fraud.
"The structure designed by the Reserve Bank to prevent and detect such fraud is inadequate or unable to ensure the effective functioning of the Reserve Bank of India," he said quoted in this letter.
Sunday did not respond immediately to a request for a comment on Monday, which was a holiday in Mumbai. A finance ministry spokesman declined comment
Chief Justice Rajiv Kumar told Reuters in New Delhi that the Finance Ministry has written in writing to take effective measures to repeat the fraud like a PNB written in the banks of the country. If the government is written to the Reserve Bank of India, then refuse to comment.
Three bank officials were arrested on Monday, acting chief manager of foreign currency department, Bebe Tiwari; Yashwant Joshi, manager of the same department; And according to a source in the Central Investigation Agency (CBI), another bank official, Prafulla Sawant, The officials for the comments were not immediately available
Police have been overseen for surveillance and jewelery retailer Gitanjali Gym Limited and other company's chief Mehul Choksi for continuous surveillance.
Modi activists were arrested within a week and on Monday, CBI agents conducted another investigation into the bank branch for proof, the CBI sources said.
Modi has not commented on the allegations, as did his clients, Kate Winslet and Dakota Johnson, as Hollywood stars considered. Paltan Police Station Officer-in-Charge
Choksi did not comment and police said he left India last month.
PNB Sherpa Plan
PNB shares were closed on the fourth day in the morning on Monday, 7.2 percent less. After the disclosure of the fraud on Wednesday, the sale was closed at approximately 1.7 billion dollars or more than a quarter of the bank's market.
The shares of the chamber's jitijali gems were reduced by 9.9 percent. Its Chief Financial Officer and the company's secretary resigned on Monday.
In a letter to the stock exchange, the company's secretary said in the party warenga that despite his advice in August, he resigned because of the company's lack of disclosure.
"I have advised the management of the information necessary. But there is no reason for my opinion to reach and manage any decision, and in this situation my conscience does not allow me to continue with me," he wrote.
Warang did not give any further details.
Another officer, Chief Financial Officer, Chandrakant Karkar, mentioned his health as the reason for his resignation, while submitting to a Gitanjali Stock Exchange.
Gitanjali's representative, who denied allegations of alleged involvement in the alleged fraud in Chittagong last week, did not respond to requests for comment on Monday.
Hit the bank
Other bank stocks with suspected transaction trends, which started in 2011, PNB also fell
UCO Bank , another state-run lender said it decreased 5.3 percent of the value of US $ 412 million in connection with the disappearance of PNB.
Among other lenders it has been said that they were involved in the transaction, Union Bank of India <UNBK.NS> 7.4 percent and State Bank of India 1.2 percent down
According to Reuters Internal Taxation Department, the Indian bank may be responsible for more than $ 3 billion, including direct debt to Narendra Modi and Choksi companies.
A finance ministry spokesman said on Monday that no formal notes were deposited in the tax department in the investigation.
"Many internal investigations are underway, there is no notice that the department has been submitted", spokesman Reuters responded to the story.
In another case, the CBI filed a lawsuit against Rothomak Global and several bank officials for generating pen for alleged violations of the bank's 29.19 billion rupees ($ 454.4 million) 2008 taxation.