PNB Fraud: CBI Seizes Rs 38 Lakh From Locker Of Bhubaneswar-based Firm’s Ex-Director

Bhubaneswar : The CBI Continuing its investigation into the alleged Rs 32 crore-fraud in the Punjab National Bank Branch in Bhubaneswar, on Tuesday seized Rs 38 lakh from the locker of one Kaushik Mohanty, the then director of Global Trading Solutions Ltd.

A CBI team led by ACB Bhubaneswar conducted a physical verification of the locker of Mohanty at Corporation Bank’s (now Union Bank of India) KIIT Square Branch in Patia and detected cash to the tune of Rs 37.90 lakh. Further proceedings as per law are being initiated, CBI sources said.

It is pertinent to mention here that CBI had recently registered a case against nine persons including officials of Punjab National Bank’s branch in Bhubaneswar, along with the management team of private firm Global Trading Solutions Ltd and others in connection with a fraud amounting to Rs 31.92 crore (approx).