Everything You Need to Know About the Nirav Modi Case
Billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders.
Billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders. State-run PNB on Wednesday morning said that it has unearthed fraudulent transactions of around Rs11,400 crore in one of its branches in Mumbai and filed a complaint with the enforcement agencies on the fraud amid the concern that the contagion could spread to other banks.
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