- Friday, April 19, 2024
By: Keerthi Mohan
A few former officials of India’s Punjab National Bank (PNB) were aware of fraudulent dealings with celebrity jeweler Nirav Modi, but they kept misleading the Reserve Bank of India, the country’s investigating agency CBI said in its charge sheet. Usha Ananthasubramanian, former managing director and chief executive officer of PNB, has been named in the charge sheet. The CBI, in its charge sheet, stated that despite a similar fraud being detected in 2016, Ananthasubramanian and a few other senior officials did nothing to correct the issue. “The accused PNB officials, including Ananthasubramanian and others, were aware of this fraud involving…
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