CBI hardcore investigation brings light to the Case

The Nirav Modi Scandal made THE CBI jot out all the possibilities through which they had found “six sacks” of documents from Mumbai Chawl allegedly linked to applications that were made by firms of jewellers, Nirav Modi  and his uncle Mehul Choksi, to raise Foreign Letters of Credits and Letters of Undertaking from Punjab National Bank. The documents had been found in a room which was in Wadala include originals and photocopies of the applications of over 1,000 Letters of undertaking and LC's that were raised by the bank for the firms which were linked to Choksi and Modi, who are at the middle of an enquiry into alleged fraud of over Rs 12,700 crore, said sources. According to an official that was associated with the ongoing investigation, one of the arrested charged - Gokulnath Shetty, a former deputy manager of PNB had displayed his discovery.He apparently revealed that to intercept the bank from perceiving any irregularity, both originals and photocopies were returned to Choksi and Modi after managing the appeal,” claimed Shetty.During the cross-examination of staff that was linked with the firms of Nirav Modi, we learnt that a room had been rented in the name of an employee. The sources had said that the Room was mainly used for a stack of Documents. The CBI has also Tracked down two suppliers who were working in Choksi's firms. The sources said that these are completely Hong Kong-based companies who are shown as outsiders.