PNB suspended 21 officials so far over Nirav Modi fraud
PNB has suspended 21 officials so far and an investigation is underway to determine how the Nirav Modi fraud went unnoticed for years, MD Sunil Mehta has said. He also said he doesn't blame statutory auditors as they "come only for a short period of time". Further, PNB will now route all its forex transactions through its New Delhi headquarters.