India’s PNB says detects 38 billion rupee fraud By Reuters


MUMBAI (Reuters) – India’s state-run Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 million) in Bhushan Power & Steel Ltd’s account to the country’s central bank. The fraud, “alleging diversion of funds from the banking system” was being reportedRead More →