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8 wrz 2021 · In the year 2017, it was found that PNB was involved in a huge scam of around 11,000 Cr Rupees by issuing false bank guarantee in an unethical manner to a business tycoon Mr. Nirav Modi. He is...
- (PDF) An Analysis of Financial Fraud through PNB Bank Scam and its ...
This case study is about understanding major fraud in PNB...
- (PDF) An Analysis of Financial Fraud through PNB Bank Scam and its ...
1 sty 2020 · This case study is about understanding major fraud in PNB and will also try to discover the reasons behind a fraud of approximately 114,000 million ₹ in one of its Mumbai
PNB initially discovered fraudulent LoUs guarantees, some apparently used to pay off older loans coming due on January 16, 2018, when a representative of Modi’s firm sought a new LoU to support further overseas borrowing.
PNB scam comes as a huge blow to the entire banking sector. The Rs 12,700 crore scam involves at least six banks, raising doubts over the internal safety of operations in financial firm s. It may be noted that the PSBs lost at least Rs 227 billion to bank frauds in the last five years. The magnitude of
31 maj 2021 · PNB revealed that fraudulent transactions by billionaire jeweler Nirav Modi and related entities amounted to $1.77 billion or over Rs 11,400 crore. The key accused in the case were jeweler and designer Nirav Modi, his maternal uncle Mehul Choksi, and other relatives and some PNB employees.
At a time when the government is aiming for bank recapitalization, the PNB scam comes as a huge blow to the entire banking sector. The Rs 12,700 crore scam involves at least six banks, raising doubts over the internal safety of operations in financial firms.
7 mar 2019 · The case deals with willful defaulters and the operational risks associated with banks. It examines how banking frauds are engineered by both the creditor and the buyer. The case explores the ethical intentions of employees, particularly in the Indian banking sector, at all levels.
