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PNB discloses Rs 942 cr additional exposure to Gitanjali group | ||||||||
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The Punjab National Bank (PNB) has filed a fresh complaint to the CBI alleging it has uncovered additional exposure of about Rs 942.18 crore defraud by Gitanjali Group of companies in connection with a multi-crore fraud. The PNB, the country's second-biggest state-run lender, filed a supplementary complaint to the Central Bureau of Investigation (CBI) on March 4 against Gitanjali Gems Ltd, Gill India Ltd, Nakshatra Brand Ltd and Asmi Jewellery India Ltd for the additional fraud amount. The new disclosure takes PNB's overall exposure in the still unravelling fraud case to well over the $2 billion mark. | ||||||||
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