February 16, 2018 / 5:08 PM / a month ago

TAKE A LOOK-India's biggest bank fraud at state-run lender PNB

MUMBAI, Feb 16 (Reuters) - A $1.77 billion fraud at India’s second-biggest state-run lender Punjab National Bank has stunned the country’s financial sector. The alleged fraud, by far the biggest ever detected by a local bank, is centred around companies linked to a billionaire jeweller Nirav Modi.

Here are some recent stories about the allegations and the investigation.


> India’s fraud-hit PNB says can recover quickly, as police widen probe

> Unpublished data shows India’s fraud problems extend far beyond PNB

> RBI to take ‘supervisory action’ against fraud-hit PNB

> Fraud-hit PNB looking to monetise assets - source

> BREAKINGVIEWS - India’s bad borrowers are a big problem for Modi


> NEWSMAKER - Jeweller to Hollywood stars accused of massive bank fraud

> EXPLAINER - How PNB fell victim to country’s biggest bank fraud

> PNB seeks to soothe investors after uncovering massive fraud

> BREAKINGVIEWS - India’s $1.8 bln scam turns up heat on bank reform

> PNB detects $1.77 bln fraud in latest India bank case

> Indian billionaire jeweller investigated over bank fraud

> GRAPHIC: India's Rising Bank Loan Frauds tmsnrt.rs/2soUiiw (Compiled by Devidutta Tripathy)

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