Who is the PNB official behind India's largest banking fraud?
Punjab National Bank's retired Deputy Manager Gokulnath Shetty, who was posted in Mumbai, cleared 13,000 transactions of â¹1 crore beyond his authorised â¹25-lakh limit, an internal probe revealed. Shetty also sent 35 emails on high-value transactions by jeweller Nirav Modi to PNB's treasury division outside working hours. India's largest banking fraud of â¹14,000 crore was orchestrated by Nirav Modi.