Nirav Modi scam a people failure, not system failure: PNB MD
PNB MD Sunil Mehta has said the Nirav Modi fraud "wasn't a system failure, it was a people failure". He added, "The person at the helm of the affairs, if he starts conniving, then anything can go wrong." Earlier, Mehta said that PNB suspended 21 officials and an investigation was ordered to determine how the fraud went unnoticed for years.