Punjab National Bank fraud case: A timeline of how the Rs 11,400-crore scam involving Nirav Modi unfolded

With more skeletons coming out of Punjab National Bank closets, the story of the Rs 11,400 crore involving Nirav Modi and his partnership firms is far from over. Here's a round-up of what has happened so far

FP Staff February 19, 2018 15:51:26 IST
Punjab National Bank fraud case: A timeline of how the Rs 11,400-crore scam involving Nirav Modi unfolded

The Punjab National Bank scam came to light on 14 February, and since then it has been a downhill ride for the Indian Banking community. 

With reports claiming that Nirav Modi and company may cost Indian banks over Rs 19,000 crore, and investigations unearthing more skeletons, it's possible that the amount may go higher.

Firstpost takes a look at the events that unfolded since 16 January when PNB first found out about the fraudulent transactions in what has now become the largest banking scam in Indian history.

Click here to follow live updates on the PNB scam

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