PNB Scam : Accused Neerav Modi does a Vijay Mallya!
Punjab National Bank has detected fraud worth Rs 11,500 crore and lodged complaints against diamantaire Nirav Modi and others with the CBI. The bank alleged in the complaints that a fraudulent issuance of Letters of Undertakings (LOU) took place on January 16, 2018, for and on behalf of the accused firms, which approached the bank and presented a set of import documents to the branch with a request to allow buyers' credit for making payment to overseas suppliers. Even, the ED also scrutinizing the PNB complaints.
Tags: Nirav Modi, Punjab National Bank, Scam, CBI, ED,
Thu, Feb 15, 2018, 11:00 AM
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