Manoj Kharat News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Manoj kharat. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Manoj Kharat Today - Breaking & Trending Today

What is Punjab National Bank scam and how Nirav Modi was involved – Explained


URL copied
What is Punjab National Bank scam and how Nirav Modi was involved – Explained 
Diamond merchant Nirav Modi, the main accused in the Punjab National Bank (PNB) scam, will be brought to India from Britain. A London court on Thursday ruled that Nirav Modi can be extradited to India to face charges of fraud and money laundering.
What is PNB scam
PNB is India s second-biggest state-run lender. The scam stunned the financial sector of the country after a fraud worth Rs 11, 400 crore was unearthed at a single branch in Mumbai.
The bank discovered that at least 2 of its employees - deputy manager Gokulnath Shetty and clerk Manoj Kharat - from its Brady House branch in Mumbai repeatedly issued Letters of Undertaking (LoU) to Nirav Modi s companies without following the processes. According to the bank, the employees issued the LoUs without securing cash reserve or collateral and without recording the transactions in the bank s core banking softwa ....

Hong Kong , United Kingdom , Uttar Pradesh , City Of , Gokulnath Shetty , Manoj Kharat , Society For Worldwide Interbank Financial Telecommunication , Axis Bank , Allahabad Bank , Punjab National Bank , Union Bank , Image Source , Nirav Modi , Brady House , State Bank , Worldwide Interbank Financial Telecommunication , Pnb Scam , What Is Pnb Scam , What Is Pnb Fraud , Pnb Scam Explained , Pnb Fraud Explained , Punjab National Bank Scam , Punjab National Bank Fraud , ஹாங் காங் , ஒன்றுபட்டது கிஂக்டம் , உத்தர் பிரதேஷ் ,