 "Punjab National bank")
The Central Bureau of Investigation (CBI) has arrested eight employees of state-run Punjab National Bank and two directors of a Mumbai-based private firm in a $1.4 million fraud case, it said on Wednesday.
The case is different from a much bigger one involving billionaire jeweller Nirav Modi and his associates, although it took place at the same branch of the bank, said a CBI spokesperson.
"The case was registered on the allegations of defrauding of Punjab National Bank ... in the matter of dishonest and fraudulent issuance of two Letters of Undertakings aggregating to the said amount," the CBI said in a
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