MUMBAI: Punjab National Bank (PNB) Managing Director and CEO Sunil Mehta on Wednesday appeared before the Serious Fraud Investigation Office (SFIO) here after being summoned for recording his statement in connection with the Rs 12,636 crore fraud at the bank.
PNB head Sunil Mehta appears before fraud investigation agency
It is alleged that they got LoUs and FLCs of Rs 12,636 crore issued in favour of foreign branches of Indian banks based on fraudulent claims. The transactions were carried out from PNB's Brady House branch in Mumbai.
CBI has so far arrested over a dozen persons, including former and current officials of PNB and companies related to Modi and Choksi.