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PNB auditor conspired with Nirav Modi in perpetrating $2-bn fraud: CBI

Mohinder Kumar Sharma was the internal chief auditor at the Brady House branch

Reuters  |  Mumbai | New Delhi 

The Central Bureau of Investigation (CBI) on Thursday told a court that an internal auditor at a Mumbai branch of Punjab National Bank conspired with other officials to carry out a $2 billion fraud at the country's second-biggest state lender. The CBI on Wednesday arrested auditor Mohinder Kumar Sharma, widening its probe into the biggest bank fraud in India's history. ALSO READ: Bihar youth commits suicide as Punjab National Bank refuses to give loan On Thursday it accused Sharma of conspiracy in a filing to a Mumbai court, which committed him to police custody ...

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First Published: Thu, March 01 2018. 21:52 IST