CBI claims PNB top brass failed to prevent Nirav Modi scam despite prior knowledge of modus operandi

According to a CBI charge sheet, the top management at the country's
fourth largest bank not only "misrepresented" the factual position on
letters of understanding (LoUs) to the RBI but also ignored the apex
bank's warnings when credit facilities worth over $2 billion were
fraudulently cleared by its branch in Mumbai.

Read more: https://www.businesstoday.in/current/eco...

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