SIXTH PERSON NABBED IN INDIAN BANK FRAUD

NEW DELHI: India’s federal police have arrested a senior official of state-run Punjab National Bank, the agency said yesterday, as an inquiry into a US$1.8 billion (RM7.03 billion) fraud at the bank expands a week after it unveiled the size of the alleged scam. India’s federal police, the Central Bureau of Investigation, said Rajesh Jindal, the former head of the bank’s Brady House branch in Mumbai between August 2009 and May 2011, was arrested, taking to six the tally of bank officials arrested. – Reuters