Wednesday, 21 February 2018

How the Rs 11,300 crore PNB fraud lasted seven years

PNB alleges its former employee Gokulnath Shetty provided billionaire jeweller Nirav Modi and his associates with guarantees to obtain loans from abroad. Between 2011 and early 2017, guarantees worth Rs 6,500 crore were issued without any collateral.

from Times of India http://ift.tt/2BIefEl
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