PNB declares Gitanjali Group a fraud over PNB scam: Report
Punjab National Bank has reportedly declared jewellery manufacturer Gitanjali Group as a fraud entity after discovering that the group was allegedly involved in defrauding it of over â¹11,000 crore. PNB has also filed an FIR against Gitanjali Group with the CBI, accusing three companies of the jewellery group, Gitanjali Gems, Gili India and Nakshatra Brands Ltd, of embezzling â¹4,887 crore. 