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Timeline: Developments in the $2 billion Punjab National Bank fraud case


(Reuters) - A $2 billion fraud at India's second-biggest state-run lender Punjab National Bank has shaken the nation's financial sector, triggering a massive probe and regulatory changes.The following is a timeline of how the case has unfolded:Jan. 29, 2018: Punjab National Bank (PNB) files police complaint against jewellers Nirav Modi, Mehul Choksi and others, saying they had colluded with two of its staff to defraud the bank of 2.81 billion rupees ($43.16 millionFeb. 5, 2018: Central Bureau of Investigation (CBI) says has launched a probe into the alleged scam. Bank tells stock exchange it ...

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First Published: Thu, March 08 2018. 15:24 IST