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Government Sacks 2 Top PNB Officials Over Failing To Detect Fraud: Report

Sunday, January 20, 2019, 5:36 PM

Government has sacked two senior executives of the state-run Punjab National Bank (PNB) for allegedly failing to prevent a $2 billion fraud, two sources with direct knowledge of the matter said today, nearly a year after the country's biggest bank scam came to light. Nirav Modi and his uncle Mehul Choksi, who left India before the fraud was discovered, have denied the accusations.

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