current news on Punjab National Bank
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A person named Neerav Modi who is a jeweller had taken a loan of $1.8 billion from Punjab national bank and ran away from India. Now all his co-workers are blamed for this act.
Reports suggest that Mr Modi - no relation to Indian Prime Minister Narendra Modi - left the country in early January. His immediate family also left India during the course of the month.
He is believed to be staying in a luxury hotel in New York and was last seen at the World Economic Forum in Davos as a part of an Indian delegation, which even had its picture taken with the prime minister.
Mr Modi has not been formally charged by Indian authorities yet, but several investigations have begun. Police have also arrested two bank officials and a business associate of Mr Modi's on suspicion of helping him.
Hope this helps you
Reports suggest that Mr Modi - no relation to Indian Prime Minister Narendra Modi - left the country in early January. His immediate family also left India during the course of the month.
He is believed to be staying in a luxury hotel in New York and was last seen at the World Economic Forum in Davos as a part of an Indian delegation, which even had its picture taken with the prime minister.
Mr Modi has not been formally charged by Indian authorities yet, but several investigations have begun. Police have also arrested two bank officials and a business associate of Mr Modi's on suspicion of helping him.
Hope this helps you
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