$1.77 bn Nirav Modi fraud started in 2011, found in Jan 2018
PNB chief Sunil Mehta has revealed that the $1.77-billion worth fraud linked to jeweller Nirav Modi began in 2011. The fraud was detected in the third week of January this year and an FIR was filed with CBI on January 30, he added. He further said this was a standalone incident that took place only at one of its branches.