CBI arrests ex-head of PNB branch where $1.77 bn fraud began
The CBI has arrested Rajesh Jindal, the former head of PNB's Brady House branch in Mumbai where the $1.77-billion fraud involving jewellers Nirav Modi and Mehul Choksi began. Jindal served as the branch head in 2011 when the fraud started and is currently a General Manager at the Delhi head office. He is the sixth bank official to be arrested.