Nirav Modi was given a Letter Of Undertaking (LOU) by PNB, without statutory security, which was misused to the tune of Rs. 11,400 crore. Mail Today cartoon
Congress calls Nirav Modi as Chhota Modi, while BJP says Nirav Modi was given LOU by PNB in 2011!
Has the Modi Sarkar reduced RBI to counting & processing demonetised notes task only? Rs. 11,500 crore PNB scam brings back the attention on RBI and it’s role in monitoring India’s banking system! Mail Today cartoon
PNB fraud exposes again the ugly truth of Indian banking system. How the rich get away swindling hundreds of crores, while the poor get caught in the web of procedures and documents!
The modus operandi of using the letter of undertaking to loot banks has shocked the public. PNB fraud will haunt Indian banking system for some time. Mail Today cartoon