Ni­rav, Me­hul, oth­ers booked for crim­i­nal breach of trust

The Free Press Journal - - MUMBAI - STAFF RE­PORTER

A spe­cial court on Wed­nes­day al­lowed the CBI to in­voke the pro­vi­sion of crim­i­nal breach of trust against all the ac­cused, in­clud­ing Ni­rav Modi and Me­hul Choksi, in the multi-crore Pun­jab Na­tional Bank (PNB) fraud case. The spe­cial court also sent Bish­nubrata Mishra (62), the in­ter­nal chief au­di­tor of the Brady House branch of the PNB to ju­di­cial cus­tody till March 28.

The spe­cial court was moved by the CBI seek­ing in­clu­sion of Sec­tion 409 (crim­i­nal breach of trust) of the In­dian Pe­nal Code (IPC) against Modi and other ac­cused in the case. The agency also sought ex­ten­sion of the cus­tody of Mishra, how­ever, the court re­manded him to ju­di­cial cus­tody.

The cen­tral agency had moved an ap­pli­ca­tion seek­ing in­clu­sion of a new pro­vi­sion in the FIR regis­tered against Ni­rav Modi, Nee­shal Modi, Ami Modi, Me­hul Choksi, Gokul­nath Shetty, Manoj Kharat and seven other un­known per­sons, who to­gether duped the PNB to the tune of Rs 280.70 crore in 2017.

Mean­while, the CBI while seek­ing ex­ten­sion of Mishra’s cus­tody, con­tended that he had fa­cil­i­tated the is­suance of more than 100 fraud­u­lent Let­ters of Un­der­stand­ings (LoUs) with­out fol­low­ing the due pro­ce­dure and the sanc­tioned limit.

Me­hul Choksi and Ni­rav Modi

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