How PNB fraud happened: A 162-page report lays bare the lapses6 min read . Updated: 21 Jun 2018, 09:05 AM IST
The damning conclusions of Punjab National Bank internal report stand in contrast to the lack of regulatory action taken by the authorities since the PNB fraud was reported
Mumbai/New Delhi: A $2 billion PNB fraud may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the bank’s own internal probe has found.
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