A loan of 5,280 crore rupees extended by a consortium of 31 banks led by ICICI Bank to the companies of absconding billionaire jeweller Mehul Choksi has come under the scanner of the CBI.
The agency today questioned three officials from foreign branches of Indian banks, which had given credit facilities to the companies of absconding jewellers Nirav Modi and Mehul Choksi.
The credit facilities were given on the basis of Letters of Undertaking (LoUs) issued by Punjab National Bank’s Brady House branch in Mumbai.
The 2 billion dollar scam became public in January after the CBI registered an FIR in the matter, but by that time both the high-profile jewellers had left India.
Sources said, two officials of Canara Bank’s branch in Bahrain, and an official of Bank of India’s branch in Antwerp in Belgium were questioned by a CBI team in Mumbai.