Transferred 1,415 employees, not 18,000: PNB
Punjab National Bank (PNB) has said that it has transferred 1,415 employees since February 19. The bank has dismissed reports that it has transferred about 18,000 employees over the $1.77 billion fraud. It has been alleged that certain employees involved in the scam remained posted in the same branch for a very long time in violation of the HR policy.