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Almost 100 days after India’s biggest bank fraud case, here’s what we know so far

Almost 100 days after India’s biggest bank fraud case, here’s what we know so far

On Feb. 14, Punjab National Bank (PNB), India’s second-largest government-owned lender, sent shock waves around the country when it declared that it had been defrauded of nearly $2 billion (over Rs13,000 crore). Diamantaire Nirav Modi and his uncle Mehul Choksi had allegedly siphoned money for over seven years through illegal bank guarantees from a single…