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CBI charges former PNB head, 21 others in bank fraud case

Reuters  |  NEW DELHI/MUMBAI 

By Nigam Prusty, Promit Mukherjee and Rajendra JadhavNEW DELHI/MUMBAI (Reuters) - The Central Bureau of Investigation (CBI) on Monday charged 22 people, including the former head of Punjab National Bank (PNB) and three firms, in the country's largest-ever bank fraud case.The CBI said the charge sheet was filed after an investigation into allegations of a fraud of about 65 billion rupees ($962 million) at PNB, which forms a part of a broader $2 billion fraud probe.One source familiar with the matter said another charge sheet would likely be filed later this week naming more individuals in the ...

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First Published: Mon, May 14 2018. 22:23 IST
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