Friday, February 16, 2018

Indian Banks Tumble After $2 Billion Fraud By One Of India"s Richest Men Emerges

Indian authorities have uncovered a $2 billion banking fraud involving one of the country"s 100 richest men, a jeweler who made his name dressing Hollywood and Bollywood actors including Kate Winslet and Priyanka Chopra. His name is Nirav Modi, and on Friday shares of the Punjab National Bank - or PNB - plunged after federal investigators first unveiled their findings in a fraud investigation.

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