open view web desk MUMBAI – Senior executives at Punjab National Bank misled the Reserve Bank of India (RBI) in late 2016 over the lender’s handling of the financial messaging system and credit guarantees that were at the centre of a more than $2 billion fraud, the Central […]
open view web desk MUMBAI – Indian state-run Punjab National Bank has agreed to pay 65 billion rupees ($997.4 million) to counterparty banks, honouring an initial tranche of claims over a massive fraud case and ending uncertainty around repayments in the banking sector. In what has been dubbed […]
open view web desk MUMBAI – Mehul Choksi, the jeweller accused of being a central figure in an alleged fraud of nearly $2 billion against Punjab National Bank, criticised India’s investigating agencies in a letter alleging gross abuse of due process in the ongoing probe. In a letter […]
NEW DELHI/MUMBAI – Gokulnath Shetty, a middle-aged bank manager of middling rank, spent his days in the foreign exchange department on the mezzanine floor of Punjab National Bank’s Brady House branch in Mumbai. It was there, past the loan desk and up a flight of stairs, that the […]
open view web desk NEW DELHI/MUMBAI- Indian billionaire jeweller Nirav Modi, one of the prime accused in the country’s largest ever bank fraud, denies allegations levelled against him by Punjab National Bank (PNB), his lawyer said on Tuesday. “There is nothing, there is nothing in it,” Vijay Aggarwal, […]
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