Fraud-hit PNB won three awards for vigilance in 3 years
PNB, which was hit by a $1.77-billion fraud linked to jeweller Nirav Modi, had bagged three vigilance excellence awards over the past three years. Two of these came in 2017, the year PNB issued 293 Letters of Undertaking (LoUs) to companies linked to the fraud. The awards were given out by Central Vigilance Commissioner (CVC) KV Chowdary.