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India's PNB detects another small fraud at branch at heart of $2 billion fraud - Metro US

India’s PNB detects another small fraud at branch at heart of $2 billion fraud

FILE PHOTO: A bird flies past the logo of Punjab National Bank installed on the facade of its office in Mumbai, India February 21, 2018. REUTERS/Danish Siddiqui
Reuters

NEW DELHI (Reuters) – India’s Punjab National Bank (PNB) has detected another small fraud at a Mumbai branch which is at the center of $2 billion fraud, according to a complaint with the federal police.

The new alleged fraud of around 91 million rupees involves officials of a little known company called Chandri Paper and Allied Products Pvt Ltd, the Central Bureau of Investigation said in the complaint posted on its website.

A PNB spokesman had no immediate comment. Chandri Paper could not immediately be reached for comment.

(Reporting by Devidutta Tripathy in MUMBAI; Writing by Krishna N. Das ; Editing by Sanjeev Miglani)

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