The ED on Thursday arrested Shetty after the court on April 3 allowed the agency’s plea for his custody.
Mumbai: A special Prevention of Money Laundering Activities (PMLA) court remanded former Punjab National Bank (PNB) official and key accused in the multiple crore fraud, Gokulnath Shetty, to the Enforcement Directorate’s custody till April 11.
The ED on Thursday arrested Shetty after the court on April 3 allowed the agency’s plea for his custody in connection with the case involving diamantaires Nirav Modi and his uncle Mehul Choksi, who are the main accused.
An ED official said, “He was remanded to ED’s custody till April 11”. Earlier, in February this year, Shetty was arrested by the CBI during its probe into the more than Rs 13,500 crore fraud. He was later remanded to judicial custody.
While seeking Shetty's custody, special prosecutor Hiten Venegaonkar informed judge M.S. Azmi that Shetty was a “key conspirator and actor in the laundering of money”.
With Modi and Choksi having fled the country, it was imperative for the ED “to examine the accused in custody and confront him with documents and statements of other suspected persons,” said the ED application.