CBI seals PNB branch at heart of fraud: Reports

Reuters

NEW DELHI, Feb 19

India's federal police has sealed the Mumbai branch of Punjab National Bank at the centre of a $1.77 billion loan fraud involving billionaire jeweller Nirav Modi, state television said on Monday.

 

Three people including two employees of Punjab National Bank, India's second largest state lender, have been arrested in the biggest fraud case in the country's banking history.

Published on February 19, 2018
TOPICS
Punjab National Bank
fraud
police
corruption & bribery

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