GM directed $2.1-billion fraud: Arrested PNB Dy Manager
Former PNB Deputy Manager Gokulnath Shetty has reportedly blamed Rajesh Jindal, the General Manager of Brady House branch between August 2009 and May 2011, for directing the $2.1-billion fraud. Shetty alleged that Jindal directed him to issue first Letter of Undertaking (LoU) to Nirav Modi without securities and collaterals in 2010. Rajesh Jindal has already been arrested by the CBI.