PNB has accused two low-level employees of the Brady House branch - where Sharma also worked - of issuing the LOUs without making corresponding entries in the bank's main software, helping the fraud go undetected for years. The CBI has till date arrested 13 people in the case.
With Mishra's arrest, the total number of those who were apprehended by the CBI rose to 14. The agency made the charges in a filing to a Mumbai court, a day after it arrested the auditor, MK Sharma, during an investigation into the alleged fraud.
However, it's very clear from Nirav Modi's response to CBI that he is not going to join the investigation in this case.
A bankruptcy court filing in NY on Wednesday showed interest from potential buyers of a US firm of Modi's that filed for creditor protection in the United States on February 26, after the CBI seized assets of other companies owned by the jeweller.
The billionaire jeweller has refused to join the probe citing his business engagements.
Modi, his family, and Choksi, the promoter of Gitanjali Gems, left the country in early January, much before the CBI received a complaint from the PNB.
Enforcement Directorate (ED) on Thursday provisionally attached 41 immovable properties worth Rs 1,217 crore of diamond merchant Mehul Choksi in the money laundering case they are probing against him and his nephew Nirav Modi.
The IT official also said that it has attached four more properties of the Nirav Modi group, which include his farm house in Alibaug of Maharashtra worth Rs13 crore and a 5.24MW solar power plant over 135 acres of land in Ahmednagar worth Rs70 crore, as per the books.
The CBI filed a second FIR on February 15 for Rs 4,886.72-crore fraud against Choksi's Gitanjali Group.
The agency stated that the fraud involved an amount of around Rs 6,400 crore.