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…