Nirav Modi got 1,213 fake PNB LoUs in 6 years: FM Jaitley
Nirav Modi obtained his first fraudulent Letter of Undertaking from PNB's Brady House branch in March 2011 and managed to get 1,212 more such guarantees over next six years, Finance Minister Arun Jaitley has said. During this period, 53 non-fraudulent LoUs were also issued to Nirav's firms, he added. He said last fake LoU was issued on May 23, 2017.