Fresh raids at the premises of Nirav Modi and Mehul Choksi in PNB multi-crore scam; Interrogation of key accused Gokulnath Shetty reveals involvement of

several employees of the bank in the fraud; Total seizures worth around 5700 crore rupees so far.

Fresh raids have been conducted at the premises of Nirav Modi and Mehul Choksi in PNB multi-crore scam.

As probe agencies tightened noose on Nirav Modi and Mehul Choksi, interrogation of key accused Gokulnath Shetty has revealed involvement of several

employees of the bank in the fraud.

CBI has arrested three persons in connection with the fraud.

The case pertains to over Rs 11,400 crore fraud at Punjab National Bank. The interrogation has reveled that for every Letter of Undertaking (LoU), a percentage

of amount was fixed depending on which was to be sanctioned. It has been disclosed that the commission in exchange issuing the LoU is distributed between

all the employees of PNB involved in it.

During the raids raids assets worth around 5700 crore rupees have been seized so far. The three arrested persons are in police custody till 3 March.