Punjab National Bank hit by $1.8bn fraud
A group of businessmen, acting with the connivance of staff at a Mumbai branch, obtained nearly $2bn in trade loans without going through proper approval processes, Mumbai reporter Simon Mundy tells Patrick Jenkins, the FT's financial editor.
FT News in Focus · Financial Times
February 20, 20187m 41s
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Show Notes
A group of businessmen, acting with the connivance of staff at a Mumbai branch, obtained nearly $2bn in trade loans without going through proper approval processes, Mumbai reporter Simon Mundy tells Patrick Jenkins, the FT's financial editor.
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