India's federal investigator seals PNB branch at heart of fraud - state TV

Gitanjali Gems

19/02/2018 04:19

NEW DELHI, Feb 19 (Reuters) - India's federal police has 
sealed the Mumbai branch of Punjab National Bank  PNBK.NS  at 
the centre of a $1.77 million loan fraud involving billionaire 
jeweller Nirav Modi, state television said on Monday. 
    Three people including two employees of Punjab National 
Bank, India's second largest state lender, have been arrested in 
the biggest fraud case in the country's banking history. 
 
 (Writing by Sanjeev Miglani; Editing by Malini Menon) 
 ((sanjeev.miglani@thomsonreuters.com; +91 11 4178 1020; Reuters 
Messaging: sanjeev.miglani@thomsonreuters.com@reuters.net)) 
 
Keywords: PUNJAB NATL BANK FRAUD/ PROBE