PNB tried cover up before Nirav Modi scam exploded: Transferred staff at Hong Kong, Dubai for revealing irregularities
Investigators have learnt that PNB acted against two staffers, posted in Hong Kong and Dubai, for highlighting colossal anomalies in the banking system.
PNB scam: Bank conducts internal probe in fraud case; 21 officials suspended, more action may follow
PNB has so far suspended 21 officials and Mehta said the bank was carrying out an investigation to find out how the fraud - the biggest in Indian banking history - went unnoticed for more than half a decade.
Punjab National Bank Managing Director and CEO Sunil Mehta on Wednesday appeared before the Serious Fraud Investigation Office (SFIO) here after being summoned for recording his statement in connection with the Rs 12,636 crore fraud at the bank