In another shocker, Punjab National Bank (PNB) has now revealed that the quantum of reported unauthorised transactions in the recently unearthed Nirav Modi scam could increase by $ 204.25 million.
It may be recalled that the public sector bank had on February 14 pegged the total value of fraudulent unauthorised letter of undertakings (LoUs) at about $ 1.77 billion.
“In continuation to our filing with stock exchanges on 14-02-2018, we have to inform that quantum of reported unauthorised transactions can increase by $ 204.25 million (approximately),” PNB said in a filing with the stock exchanges.