PNB fraud may expand Rs 3,000 crore more from 17 banks
  • 4 years ago
As investigating agencies pore over documents seized from premises connected to jewellery czar Nirav Modi in connection with the Rs 11,000-crore alleged fraud in Punjab National Bank, evidence has emerged of an additional Rs 3,000 crore worth of exposure of 17 banks; rolling over of the same Letters of Understanding many times and alleged round-tripping of funds.
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