What is Punjab National Bank scam and how Nirav Modi was involved - Explained

What is Punjab National Bank scam and how Nirav Modi was involved - Explained

India TV
Image Source : PTI (FILE)

What is Punjab National Bank scam and how Nirav Modi was involved - Explained

Diamond merchant Nirav Modi, the main accused in the Punjab National Bank (PNB) scam, will be brought to India from Britain. A London court on Thursday ruled that Nirav Modi can be extradited to India to face charges of fraud and money laundering.

What is PNB scam

PNB is India's second-biggest state-run lender. The scam stunned the financial sector of the country after a fraud worth Rs 11, 400 crore was unearthed at a single branch in Mumbai.

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