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 Unpublished data shows India’s fraud problems extend far beyond PNB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