Ex-PNB MD regularly met Nirav Modi, his top officials: CBI
The CBI chargesheet has alleged that former PNB MD Usha Ananthasubramanian used to meet with Nirav Modi and his top officials in order to continue credit facilities. The CBI claimed that the accused officials were aware of the fraud but did not take "any meaningful corrective measures". Senior bank executives allegedly sent "misleading reply" to RBI questions in October 2016.