India’s Punjab National Bank (PNBK.NS) said late on Monday that the amount of fraudulent transactions involving the bank could go up by about $204 million in addition to the $1.77 billion it had earlier reported.
Earlier this month, the state-run bank said it detected unauthorized transactions of about $1.77 billion at one of its Mumbai branches.
At least a dozen people - six from the bank and six more from Modi’s and Choksi’s companies - have been arrested.
At least a dozen people - six from the bank and six more from Modi’s and Choksi’s companies - have been arrested.