PNB CHIEF APPEARS BEFORE SFIO

MUMBAI: The Serious Fraud Investigation Office (SFIO) on Wednesday questioned PNB managing director and CEO Sunil Mehta for five hours in connection with the ₹12,700 crore fraud at the bank, allegedly carried out by diamond jewellers Nirav Modi and Mehul Choksi.

The New Delhi-based Punjab National Bank is the third lender which has been called by SFIO in the last two days in connection with the nearly $2 billion fraud.