PNB fraud fuelled during demonetisation: Bengal CM

Image
IANS Kolkata
Last Updated : Feb 18 2018 | 3:30 PM IST

West Bengal Chief Minister Mamata Banerjee on Sunday said that the $1.8 billion Punjab National Bank fraud was fuelled during demonetisation and demanded the unearthing of the "full truth" behind the scam.

"This is just a tip of the iceberg. This big bank fraud was fuelled at the time of #DeMonetisation. Big money-laundering happened during DeMo. Key bank officials were changed. Who are these people put in? There are more banks involved. The full truth must come out," she tweeted.

Banerjee had earlier demanded a thorough investigation into the Punjab National Bank fraud and said she would not let the central government off the hook until the people's money is secured.

Accusing the Centre of trying to take away the people's money deposited in the banks with its Financial Resolution and Deposit Insurance (FRDI) Bill, the Chief Minister said she had written "strong" letters to the Finance Ministry to demand withdrawal of the bill.

--IANS

bdc/tsb/bg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 18 2018 | 3:24 PM IST

Next Story