The CBI on Friday questioned former Deputy Governor of the Reserve Bank Harun Rashid Khan in connection with alleged bank scams involving jewellers Nirav Modi and Mehul Choksi and relaxation of gold import rules in 2014 by the erstwhile UPA Government allegedly to the benefit of private traders.
Khan is the senior-most former official of the RBI to be questioned by the CBI in connection with the $2 billion scam in Punjab National Bank, considered the biggest in the financial history of the country, CBI officials said. Sources said his questioning revolved around the policy framework of the time when fraudulent letters of Undertaking (loUs) were issued by PNB to the firms of Modi and Choksi.
The officials said he was questioned about the UPA Government’s 20:80 gold import scheme, which was cleared by then Finance Minister Chidambaram on May 13, 2014, barely three days before the counting of votes of the general election. The move comes a day after the CBI questioned three
Chief General Managers and one General Manager of the central bank.