The bank as an individual claimant and as a representative of a consortium of banks had sought claim to certain properties attached by the Enforcement Directorate (ED) stating that they had suffered losses of over Rs 7,000 crore due to alleged acts of the accused, of obtaining fraudulent Letters of Understanding (LoUs).
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Sputnik International
In a major setback to fugitive diamond merchant Nirav Modi, a UK court on Thursday ordered his extradition in connection with the Punjab National Bank (PNB) scam case.