March 13 2018
India’s Punjab National Bank has told police it has uncovered additional exposure of about 9.42 billion rupees ($145.2 million) in connection with a huge alleged fraud, according to a court filing seen by Reuters.
In what has been dubbed the biggest fraud in India’s banking history, PNBBSE 0.97 %, the country’s second-biggest state-run lender, said last month it had been defrauded of about $2 billion.
