• search

PNB scam: 8 employees sacked today, number of suspension rises to 18

By Chennabasaveshwar
Subscribe to Oneindia News
For Quick Alerts
Subscribe Now
For Quick Alerts
ALLOW NOTIFICATIONS
For Daily Alerts

    Punjab National Bank (PNB) suspended eight employees on Friday, with this the number of suspended employees now stands at 18, which also includes General Manager level officers. An internal investigation of the bank is still underway. The CBI has received two complaints from the PNB against Nirav Modi and a jewellery company alleging fraudulent transactions.

    PNB scam: 8 employees sacked today, number of suspension rises to 18

    PNB suspended 10 officers on Thursday and referred the matter to the CBI for investigation.

    The country's second-largest lender PNB has detected a USD 1.77 billion (about Rs 11,400 crore) scam where billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking (LoUs) from a branch in Mumbai to secure overseas credit from other Indian lenders.

    OneIndia News

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more