India’s biggest bank scam could swell to $2 billion

first_imgThe value of “unauthorized transactions” at Punjab National Bank, one of the country’s top state-run lenders, could rise by $204 million to around $2 billion, it said in a statement late on Monday.Government officials have named jeweler Nirav Modi as a leading suspect in the fraud. Investigators have raided properties belonging to the billionaire diamond dealer, seized some of his assets and suspended his passport.Read it at CNN Related Itemslast_img

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