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Fraud-hit Punjab National Bank alleges it has been cheated again

Fraud-hit Punjab National Bank alleges it has been cheated again

Thursday, December 26, 2019, 4:35 PM

Scandal-hit Indian lender PNB alleged it has been cheated its third complaint since 2018 when it suffered through a $2 billion blow. The state-run bank filed a complaint in October alleging that Jagdish Khattar, founder of Carnation Auto India Pvt., a vehicle repair and servicing company, cheated the bank of Rs.110-crores, according to a copy of the complaint posted on the CBI's website.
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