PNB Auditor Conspired In $2 Billion Fraud: CBI

The Central Bureau of Investigation (CBI) on Thursday told a court an internal auditor at a Mumbai branch of Punjab National Bank conspired with other officials to carry out a $2 billion fraud at the country’s second-biggest state lender.

CBI has arrested at least 13 people, seven from the bank and six from companies owned by billionaire jeweller Nirav Modi and his uncle, Mehul Choksi, who owns Gitanjali Gems Ltd.

Read more at huffingtonpost

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