• Saturday, August 20, 2022

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PNB Fraud: RBI officials under CBI’s scanner

By: Keerthi Mohan

India’s investigating agency Central Bureau of Investigation has questioned four officers belonging to the Reserve Bank of India in connection with the Rs 13,000 crore Punjab National Bank (PNB) fraud. The officials belong to the foreign exchange department of the central bank, The Indian Express reported, adding that they were also questioned on the fraud Letters of Undertaking (LoUs) issued to diamond billionaire Nirav Modi’s firms. The scam came to light on February 14 and the government has appointed the CBI and ED on the case, which is still ongoing. A few PNB officials posted at the Brady House branch of the…

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