 "bank, banks, bank merger")
Another bank scam surfaced in which the modus operandi was somewhat similar to the one used in the alleged fraud by fugitive offender Nirav Modi in the case of Punjab National Bank.
The Central Bureau of Investigation (CBI) has registered a case against general secretary of Mumbai BJP Mohit Kamboj, his company Avyaan Overseas for alleged diversion of funds by availing fraudulent foreign bills negotiation limit and export packaging credit limit, issued by lender Bank of India between 2013 and 2018.
"In pursuance of the conspiracy, the company allegedly got sanctioned and released credit facilities worth Rs 60 crore. And
