Mauritius promises strong action against any entities involved in PNB scam

PNB fraud being probed by multiple agencies in India, which are seeking details from their counterparts in various other countries

As the alleged Rs 126 billion (Rs 12,600 crore) fraud at PNB appears to spread across various countries, Mauritius has promised "necessary regulatory action" against all entities found to be linked with any fraudulent practices.

The Financial Services Commission (FSC) of Mauritius said in a statement that it has taken cognizance of the media reports about the purported fraud allegations with regards to Punjab National Bank, Nirav Modi and Mehul Choksi.

"The FSC is assessing the reported information and is closely monitoring the matter in collaboration with the Bank of Mauritius, the Mauritius Revenue Authority and the Financial Intelligence Unit. The FSC