Hanumant Kharat, whose son Manoj Kharat has been arrested by the Central Bureau of Investigation (CBI) in the PNB fraud case, told ANI on Monday, "The entire banking system is faulty. My son has been framed by the PNB in the Nirav Modi fraud case."
Hanumant further questioned that how could an employee commit fraud worth crores of rupees whose authority is to deal with amount not more than Rs. 25000?
"What is my son's authority and post? They have done grave injustice to my son. The power of a clerk is only to deal with amount of Rs. 20000-25000. What is the salary of my son? His starting salary was Rs 17000 and after 2.5 years, his salary is Rs. 23000. How could the bank entrust responsibility of crores of rupees on him?" Hanumant wondered.
He added: "It seems that the higher authorities must have been committing wrong deeds through such junior new employees, who do not know anything."
According to the CBI, Gokulnath Shetty and Manoj had issued eight letters of understanding (LOU) worth over Rs. 280 crore to Nirav Modi's company just three months before Shetty retired in May. The LOUs were issued in February. The due date mentioned was January 2018.