PNB scam: Additional ₹1,300 crore fraud revealed

The fraud-hit Punjab National Bank (PNB) has reported an additional ₹1,300 crore unauthorised transactions, taking the estimated quantum of the scam related to diamond trader Nirav Modi and owner of Gitanjali Gems, Mehul Choksi, to ₹12,600 crore.

In a 11.22 pm, late night filing with the stock exchanges on Monday, the bank said: "In continuation to our filing with stock exchanges on February 14, 2018, we have to inform that quantum of reported unauthorised transactions can increase by $204.25 million."

The Central Bureau of Investigation on Monday said it questioned PNB Executive Director KV Brahmaji Rao, two General Managers and a retired official in connection with its probe into the multi-crore fraud.

The Income Tax Department also said it had attached 66 more bank accounts related to accused Choksi.