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India Interrogates Officials of Bank Branch in Bahrain over Biggest Bank Fraud Case

2018-05-12 - 2:21 am

Bahrain Mirror: Two Bahrain residents (whose nationality has not been identified) have been questioned by India's Central Bureau of Investigation (CBI) with regard to their part in India's biggest fraud case to date, a news website reported.

The website added that the $2 billion fraud at India's second-biggest state-run lender, Punjab National Bank, has shaken the Indian financial sector and triggered a far-reaching global probe.

The two questioned were Canara Bank officials from the Bahrain branch who allegedly extended credit facilities based on fraudulent bank guarantees to companies owned by Nirav Modi and Mehul Choksi, who are two central figures wanted for questioning in connection with the case.


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