Live
- India Faces Blow as Pacer Mohammed Shami Ruled Out for Remainder of Australia Series
- Farmer’s Day Celebrations Held at Palem Agricultural Research Center, Nagarkurnool
- Biden Pardon: Joe Biden Commutes Death Sentences of 37 Inmates, Including Child Killers and Mass Murderers
- South Korea: Yoon believes impeachment trial takes priority over martial law probe
- Strict Action for Non-Adherence to Time Management - DMHO Dr. Swarajya Lakshmi
- Joyful Semi-Christmas Celebrations at Sri Saraswathi International School
- Over 13.29 lakh houses approved for rural poor in Maharashtra: Shivraj Chouhan
- District Collector Urges Timely Completion of Indiramma Housing Scheme Survey
- Digital Arrest Scam: Hyderabad Man Duped of ₹7 Lakhs by Fake Crime Branch Police Callers
- Sukhbir Badal seeks President's Police medal for officer who saved his life
PNB loan fraud: Nirav Modi's aide Subhash Shankar brought to India
Subhash Shankar
In a significant development, Subhash Shankar, a close aide of absconding diamantaire Nirav Modi has been deported to Mumbai from Egypt by the Central Bureau of Investigation (CBI) in connection with the loan fraud case of Punjab National Bank (PNB) involving Mehul Choksi and others.
New Delhi: In a significant development, Subhash Shankar, a close aide of absconding diamantaire Nirav Modi has been deported to Mumbai from Egypt by the Central Bureau of Investigation (CBI) in connection with the loan fraud case of Punjab National Bank (PNB) involving Mehul Choksi and others.
Shankar was DGM Finance in Nirav Modi's company. Red corner notice had been issued against him.
The federal probe agency was working to bring him back to India for a long time in connection with the loan fraud case of PNB.
"He has been placed under arrest. We will produce him before a Mumbai court and will seek his custodial remand. He will be then further interrogated," said a CBI official.
Shankar is facing charges of criminal conspiracy, criminal breach of trust by a public servant or by banker merchant or agent, cheating and dishonestly inducing delivery of property and prevention of Corruption Act.
The CBI has already filed a charge sheet against him four years ago on the basis of which the Interpol issued a red corner notice against him. Special CBI court of J.C. Jagdale had also issued an arrest warrant against him.
Shankar, 49, fled abroad along with Nirav Modi and Mehul Choksi in 2018. He is considered to be the most trusted person of Nirav Modi and handled his entire business.
