Punjab National Bank says scam may cost bank nearly $2 billion

Reuters India Tuesday, 27 February 2018 ()
(Reuters) - Punjab National Bank said late on Monday that the amount of fraudulent transactions involving the bank could go up by about $204 million in addition to the $1.77 billion it had earlier reported.
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News video: PNB Scam: ED raids at Shoppers Stop stores across India

â–¶ PNB Scam: ED raids at Shoppers Stop stores across India 01:00

New Delhi, Feb 19 (ANI): The Enforcement Directorate (ED) teams on Sunday carried out raids at Shoppers Stop stores and seized gold, diamonds and gems in connection with the Punjab National Bank (PNB) scam. The ED is working out how much money was laundered by Nirav Modi and his associates and is...

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