PNB Scam : Accused Neerav Modi does a Vijay Mallya!
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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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