PNB DISCLOSES ADDITIONAL EXPOSURE

Mumbai, March 13: PNB has told police that it has uncovered additional exposure of about `9.42 billion in connection with a massive alleged fraud, according to a court filing seen by Reuters.

In a court filing on Tuesday, police said the Gitanjali group of companies controlled by jeweller Mehul Choksi allegedly defrauded the Punjab National Bank of `70.8 billion.

The bank had previously pegged its exposure to the Gitanjali companies at `61.38 billion.