PNB SCAM
Punjab National Bank ( PNB ) is a Banking and Financial Service bank owned by Government of India . Its headquarter is in New Delhi, India. The bank was founded in 1894 . As of June 2019, the bank has over 115 million customers, 7,036 branches and 8,906 ATMs. A handful of bank officials perpetrated the fraud at India's second largest public sector bank leading to unauthorised issue of Letter of Undertaking(LoU) to jeweller Nirav Modi's firm have been bought under the scanner. the central Vigilance has stepped in and asked Punjab National Bank to name the officials involved in the scam and identify the senior management officials who have taken action to prevent the fraud.In the entire blame game, the auditors are found only with shaky references. While the question arises, the fraud at PNB was going on since almost a decade but no alarming bell gave a knock to anyone. due to which many hard hitting question were raised, on the man...