Posted inIndia, South Asia, World

Indian PM’s Office alerted to alleged bank scam in 2016

A massive Rs 11o billion (US$ 1.7 billion) fraud case is threatening to undermine India’s banking system and proving to be an embarrassment for Prime Minister Narendra Modi’s government. The case came to light after a Mumbai branch of the public sector Punjab National Bank (PNB) discovered allegedly fraudulent transfers taking place. According to the […]