The Central Bureau of Investigation (CBI) has lodged a case against IL&FS Transportation Network Ltd and its directors on charges of defrauding 19 banks of Rs 6,524 crore between 2016 and 2018.
During a virtual press briefing on Friday, Atul Kumar Goel, Managing Director and Chief Executive Officer, PNB, said, "We don't have any exposure to Go First Airlines."
The 63-year-old fugitive is wanted in India in connection with a Rs 13,500-crore fraud in the Punjab National Bank (PNB).
Binod Kumar is a Graduate of Science from Ranchi University and holds Post Graduate Diploma in Banking & Finance from NIBM, a Financial Risk Manager (FRM) from GARP (USA), and a Certified Associate Member of the Indian Institute of Bankers (CAIIB).
Shri Goel will replace Shri CH. S.S. Mallikarjuna Rao, incumbent MD & CEO of PNB, who is due to demit office at the end of January 2022.
The court is hearing the extradition case of Nirav Modi in the $1 billion Punjab National Bank (PNB) fraud and money laundering case.
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The airline owes the largest chunk to its lenders at over Rs 7,000 crore (Rs 7,251 crore).
Official sources in the Finance Ministry said that banks have informed the ministry that they were not ready to wait endlessly to restore health of the beleaguered airline and if attempts to bring in a strategic investor fails or is not completed by June 30, lenders may immediately initiate bankruptcy proceedings against Jet.
The 48-year-old had been denied bail by District Judge Marie Mallon at his first hearing soon after his arrest by Scotland Yard officers from a central London bank branch.
