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The authorities on Monday extended curfew in the Meghalaya capital as violence continued in tension-hit areas the previous night with mobs indulging in stone-pelting on security forces for the last four days.

Amid the multi-agency probe into the Punjab National Bank (PNB) fraud case, the state-run bank on Tuesday said the amount of fraudulent transactions could be Rs 1,300 crore more than the current estimate of about Rs 11,400 crore.

The latest announcement from the public sector lender assumes significance against the backdrop of the probe going on into the Rs 11,400 crore fraud case, which is already one of the biggest in the Indian banking sector.

On February 14, the bank had detected the fraud wherein billionaire jeweller Nirav Modi and associates had allegedly acquired fraudulent letters of undertaking (LoUs) from one of the branches of the PNB for overseas credit from other Indian lenders.

In a filing to the BSE late on Monday night, the bank said the amount of unauthorised transactions could go up by more than Rs 1,300 crore.

“...We have to inform that quantum of reported unauthorised transactions can increase by USD 204.25 million (approximately),” the filing said.

At the current exchange rate, the amount comes to around Rs 1,323 crore.

The bank also referred to its filing made on February 14 when it first disclosed the fraud and at that time, the “fraudulent and unauthorised transactions” was estimated at US $1.77 billion (about Rs 11,400 crore).

The fraud was perpetrated by way of fraudulent Letters of Undertaking (LoUs) generated in the name of Punjab National Bank.  


Source: HindustanTimes

The mystery behind Sridevi’s death is getting thickened with every new development and while we wait for the mortal remains of the late actress to be handed over by the authorities to the family, looks like it might take more than a while.

An inquiry was ordered against the Badshahpur station house officer on Monday after a private bank’s ATM in Begumpura Khatola village was stolen twice in a span of 10 days.

Smog and dust in Delhi and north India have for long hogged the headlines, sidelining the dangerous levels of air pollution in south India and Maharashtra.

NEW DELHI: King of Jordan Abdullah II bin Al-Hussein arrives in India for a three-day visit starting today. He will hold official talks with PM Narendra Modi on Thursday.

Notwithstanding its growing ties with the US, India will play host on March 10-11 to Venezuelan President Nicolas Maduro, who has often been on a collision course with the US administration.

NEW DELHI: Voting is underway in the Assembly elections in Meghalaya and Nagaland amid tight security. While the two states have a 60-member house each, voting is being held only for 59 constituencies in both. With consecutive victories in Manipur and Assam, the BJP is hoping for a clean sweep in Meghalaya and Nagaland. Simultaneously, the Congress is seeking to regain its hold in the northeast.

In a continued standoff with  AAP Government over the alleged assault of Delhi Chief Secretary Anshu Prakash at Chief Minister Arvind Kejriwal's residence as IAS Joint Forum on Monday sought a written apology from the Delhi Chief Minister as a prerequisite to any talks with the state government.

Congress spokesperson and Rajya Sabha member MV Rajeev Gowda on Monday said that his party would project Rahul Gandhi as the prime ministerial candidate in the 2019 Lok Sabha elections.

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