Punjab National Bank fraud

URI: https://gptkb.org/entity/Punjab_National_Bank_fraud
GPTKB entity
Statements (25)
Predicate Object
gptkbp:instanceOf gptkb:fraud
gptkbp:accusedOf Mehul Choksi
Nirav Modi
gptkbp:alsoKnownAs PNB scam
gptkbp:arrested yes
gptkbp:consequence tightened banking regulations in India
gptkbp:discoveredIn 2018
gptkbp:governmentResponse increased scrutiny of public sector banks
gptkbp:impact major banking sector reforms in India
gptkbp:investigatedBy gptkb:Central_Bureau_of_Investigation
gptkb:Enforcement_Directorate
gptkbp:involvedAmount over $1.8 billion
gptkbp:legalIssue extradition requests for Nirav Modi and Mehul Choksi
gptkbp:location gptkb:India
gptkbp:mediaCoverage extensive national and international coverage
gptkbp:method fraudulent Letters of Undertaking
gptkbp:publicReaction widespread outrage in India
gptkbp:relatedTo Indian banking sector
banking scams in India
gptkbp:victim gptkb:Punjab_National_Bank
gptkbp:bfsParent gptkb:Central_Bureau_of_Investigation_(for_financial_crimes)
gptkb:Central_Bureau_of_Investigation_(CBI)
gptkb:Gitanjali_Gems
gptkbp:bfsLayer 8
https://www.w3.org/2000/01/rdf-schema#label Punjab National Bank fraud