Page 37 - Nirav Modi Scam At Pnb
PNB's $1.8 bn fraud at its Mumbai branch can spread to other banks too
The case poses further questions about the health of India's other banks, that are already grappling with one of the worst ban-loan ratios among big economies
 "PNB's $1.8 bn fraud at its Mumbai branch can spread to other banks too")
CBI gets 2 complaints against Nirav Modi, company about Rs 100 billion
State-run Punjab National Bank (PNB) said it had detected some 'fraudulent and unauthorised' transactions worth about $1.77 billion at one of its branches in Mumbai
 "CBI gets 2 complaints against Nirav Modi, company about Rs 100 billion")
PNB detects $1,772 million fraudulent transactions; stock slips 7%
The stock slipped 7% to Rs 150 after the state-owned bank said that it had detected some fraudulent and unauthorised transactions worth about Rs 1.13 trillion ($1771.69 million approx).
PNB detects $1.77 bn fraud: Money siphoned off overseas from Mumbai branch
The bank did not name the people involved but said it had reported the deals to law enforcement agencies
 "PNB detects $1.77 bn fraud: Money siphoned off overseas from Mumbai branch")
CBI registers Rs 800-million bank fraud case against PNB officials
The cases relate to four branches of the bank in Bhopal and Ujjain in Madhya Pradesh
CBI books jeweller Nirav Modi in a Rs 2.8-bn cheating case related to PNB
Banks said his firm fraudulently issued eight LOUs totalling $44.2 million for Hong Kong-based Allahabad Bank and Axis Bank
