$1.8m fraud

NEW DELHI/MUMBAI – India’s federal police detained two employees of Punjab National Bank, the state-run lender that says it has been the victim of a $1.77 billion fraud, in the first arrests in a fast-widening probe into the country’s biggest-ever bank scam. Gokulnath Shetty and Manoj Kharat are suspected of steering fraudulent loans to companies […]

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