 "News digest: 3 held in PNB scam, India and Iran ink 9 agreements, and more")
1. PNB scam: Special court remands all three accused to CBI custody till Mar 3The Central Bureau of
Investigation (CBI) has arrested a former and a current employee of Punjab National Bank (PNB) and one executive of the Nirav Modi group of companies in connection with a Rs 114 billion fraud at the bank. Read more
2. Iran Prez Rouhani's visit: India inks 9 pacts, leases part of Chabahar port
India and Iran on Saturday inked nine agreements and committed to early completion of the Chabahar port. Read more
3. Bangladesh border post third-biggest entry point for foreign tourists
It is afternoon, well beyond the peak time for tourist arrivals from Bangladesh. Still a snaking queue makes its way to the arrival zone — not a swanky lounge but a tin shed. Read more
4. Banks relied on India Ratings' A- outlook to lend to this Nirav Modi firm
Fitch-owned India Ratings (Ind-Ra) gave an Ind A- outlook to Nirav Modi’s flagship company, Firestar International Private Limited (FIPL), even though the firm was suffering from a high-leverage, off-balance-sheet exposure. Read more
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