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CBI Registers a Case Of DA Against Gokulnath Shetty, ex-PNB Deputy Manager for facilitating Rs. 13,500 crore scam
The case has been reportedly registered against Shetty and his wife Ashalata, who is a clerk in Indian Bank in Mumbai on Thursday night.
By: Diamond World News Service
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Nov 17 2018 2:34PM
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Reference: 16807  

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The CBI on 16th November 2018 said that it has registered a case of disproportionate assets against Gokulnath Shetty, the former Punjab National Bank Deputy Manager who allegedly facilitated the Rs. 13,500 crore scam involving fugitive diamataires Nirav Modi and Mehul Choksi.

The case has been reportedly registered the case against Shetty and his wife Ashalata, who is a clerk in Indian Bank in Mumbai on Thursday night i.e. 15th November. The couple were booked under several sections of the Indian Penal Code and the Prevention of Corruption Act, 1988.

A news reports further mentions that Shetty and his wife had collected huge moveable and immoveable properties between April 1, 2011 to May 31, 2017. In its FIR, the CBI alleged that the couple had acquired disproportionate assets to the tune of Rs 2.63 crore.

It also alleged that Ashalata Shetty was found to "actively assist her husband in the concealment and acquisition of assets raised from ill gotten wealth and thereby abetted the offence of possession of disproportionate assets by a public servant".

Gokulnath Shetty was arrested in the multi-crore fraud for allegedly issuing Letters of Undertaking (LOUs). He is still lodged in a Mumbai jail.

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