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CBI seals PNB branch at heart of fraud - state TV

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Reuters NEW DELHI
Last Updated : Feb 19 2018 | 11:45 AM IST

NEW DELHI (Reuters) - The Central Bureau of Investigation (CBI) has sealed the Mumbai branch of Punjab National Bank at the centre of a $1.77 billion loan fraud involving billionaire jeweller Nirav Modi, state television said on Monday.

Three people including two employees of Punjab National Bank, India's second largest state lender, have been arrested in the biggest fraud case in the country's banking history.

(Writing by Sanjeev Miglani; Editing by Malini Menon)

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First Published: Feb 19 2018 | 11:31 AM IST

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