PNB fraud case: CEO Sunil Mehta talks tough, says heads could roll
PNB fraud case: Indian authorities have arrested 20 people, and a court has issued non-bailable warrants against jewellers Nirav Modi and his uncle Mehul Choksi. The duo have denied the allegations against them, and authorities say they both left the country before the fraud was uncovered.
PNB has so far suspended 21 officials and Mehta said the bank was carrying out an investigation to find out how the fraud - the biggest in Indian banking history - went unnoticed for more than half a decade. Image source: Reuters