Biggest Banking Fraud

PNB head Sunil Mehta likely to appear before SFIO after agency summoned Chanda Kochhar and Shikha Sharma

As part of the investigation, the SFIO has issued summons to heads of over 30 banks that have exposure to companies of diamond traders Nirav Modi and Mehul Choksi.

PNB fraud: Gitanjali Group VP Vipul Chitalia sent to police custody, ED to issue LRs to over 15 countries

ED would be sending the LRs to countries like the United States, the UK, the UAE, Hong Kong, Singapore, South Africa and others.

Nirav Modi left India on 1 January, say agencies; Punjab National Bank detected the fraud on 3 January, says CEO Sunil Mehta

The PNB chief also said that his bank will never back any wrongdoing and it was PNB that has exposed the scam