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Odisha born former RBI Deputy Governor Harun Rashid Khan in CBI scanner

New Delhi:6/4/18; The CBI on Friday questioned the Reserve Bank of India’s (RBI) former Deputy Governor Harun Rashid Khan, born in Odisha, in connection with Rs 13,500 crore Punjab National Bank (PNB) fraud involving diamantaire Nirav Modi and his uncle Mehul Choksi, an official said.

Informed sources said Khan was also questioned in connection with alleged benefits to diamond merchant Choksi’s group of companies following 80:20 gold import scheme brought by then Union Finance Minister P. Chidambaram on May 13, 2014, barely three days before the counting of votes of 2014 general election.

Khan, who was Deputy Governor of the central bank between 2011 and 2016, was asked about the lapses in the statutory audit of the central regulator due to which Rs 13,500 crore PNB fraud remained undetected for a long time as the SWIFT messaging system was misused.

The move comes a day after the Central Bureau of Investigation (CBI) questioned three Chief General Managers and one General Manager of the central bank.

Modi, a regular on the lists of rich and famous Indians since 2013, along with his group companies — Diamond R US, Stellar Diamond and Solar Exports, uncle and business partner Choksi — the promoter of Gitanjali Group, and others have been named in the scam which was admitted by the PNB in February, leading to a massive upheaval in the country’s banking system.

Modi left the country along with his family in the first week of January this year, weeks before the scam was reported to the Central Bureau of Investigation (CBI).

His wife Ami, a US citizen, left on January 6 and uncle Choksi on January 4.

The CBI in February had approached the Interpol with a request for issuing a Diffusion Notice against Modi to locate him.

The PNB has claimed in different complaints to the CBI that several Letters of Undertaking (LoUs) – issued by one bank to other banks, based on which foreign branches offer credit to buyers – were fraudulently issued by its officials in connivance with Modi and the other accused in the case causing huge losses to the bank. (IANS)

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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