DA case against retired PNB official accused in Nirav case
New Delhi: The CBI has registered a disproportionate assets case against retired deputy manager of Punjab National Bank (PNB) Gokulnath Shetty, a key accused in the Rs 11,400-crore scam involving Nirav Modi, for allegedly amassing wealth 200 per cent more than his known sources of income, officials said Friday.
The case was registered by the CBI's Anti Corruption Branch in Mumbai against Shetty and his wife Ashalata for allegedly amassing a large number of moveable and immoveable properties during the period between April 1, 2011 and May 31, 2017, the day he retired.
According to the CBI FIR, the couple had amassed disproportionate assets to the tune of Rs 2.63 crore during the period.
Shetty and his wife Ashalata, who is a clerk with Indian Bank, "had acquired disproportionate assets to the tune of Rs 2.63 crore, which are 238.44 per cent disproportionate to their known sources of income", the CBI FIR alleged.