‘Finance Ministry will implement PMO’s decision on PNB scam’

Jescilia KarayamparambilUpdated: Thursday, May 30, 2019, 12:05 AM IST
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Mumbai: Investigation on the Punjab National Bank (PNB) scam is on in full-swing, said Minister of State (MoS) for Finance Shiv Pratap Shukla. He said the finance secretaries are in talks with Prime Minister’s office (PMO) on this matter. The finance ministry will implement the decision taken by PMO, he added.

Speaking to reporters after Assocham’s banking conference, Shukla said, “All our secretaries are in talks with the PMO. The finance ministry will implement the decision taken by PMO.”

On the latest media report of Central Vigilance Commission (CVC) summoning finance ministry official, he said, “I have no idea about the Central Vigilance Commission summoning the finance ministry officials. If it is the case, it must be there but I have no idea about.” According to media reports, CVC have summoned top officials of PNB and the finance ministry. They have been asked to appear before the CVC on February 19. As per media reports, on behalf of the Ministry of Finance, additional secretary, and department of financial services is likely to be present.

He further added that the investigation related to PNB is on. “We will not spare anyone who is responsible for this fraud. The Indian government will punish Nirav Modi for such fraudulent act.”

When asked about diamond mogul Nirav Modi at Davos with Prime Minister Narendra Modi, he said that Nirav did not go to Davos with Prime Minister. He clarified that it was a group photo and Nirav came there.

On quizzed by a reporter if this case against PNB will work in the favour of bank merge (in negative or positive way), he said the merger of the bank has to be thought thoroughly. “Unless, we don’t look at it completely we cannot comment on it.”

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