Nick Leeson, the rogue trader who captured our imagination way back in 1995, has come alive in various conversations ever since the Punjab National Bank (PNB) -Nirav Modi scam broke last week. The two are not quite the same but the drama linked to any scandal is often similar, if we were to look at how events unfolded and how the authorities reacted.
In the case of PNB, everyone seems to be posing questions to the other at this point. The government is asking regulator Reserve Bank of India (RBI) why it wasn’t able to detect the chain of wrong-doings, the RBI is querying ...
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First Published: Thu, February 22 2018. 06:00 IST
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