MAHA GHOTALA :Rs. 11500 Crore Fraud In PNB Mumbai Branch

MUMBAI:  A Maha Ghotal has surfaced in Punjab National Bank when  fraudulent and unauthorized transactions of more thanRs.11500 Crpres were detected in one branch  in Mumbai. The matter has been reported to the police for investigation.

The Bank has not revealed the names of those involved in huge Ghotala .But it was indicated that few account holders connived with their  associates are involved in this scam .

The  crook account holders ar said to have received  huge loans and advances in foreign countries based on the fraudulent  transactions in Mumbai Bank .

Punjab National Bank is the grip of scams .Just a few weeks ago , it was reported that a rich billionaire jeweler Nirav Modi defrauded PNB of Rs. 282 Crores  .

The frauds and scams in PNB have shocked finance markets as many public sector banks are reportedly been hurt by bad loans and NPAs worth lakhs of Crores of rupees .

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