Breaking After Nirav Modi, new multi-crore LoU scam at PNB; This time its Asia's largest Wax maker- Chandri Paper

[rahul1117kumar]

India's second largest PSU bank, detected another fraud. A copy of its FIR to CBI authorities is available with Sify.com. It details how Aditya Rasiwasia and Ishwardas Aggarwal, directors of Chandri Paper and Allied products criminally connived with the bank's Gokulnath Shetty and Manoj Hanumant Kharat in duping the bank.

The FIR says, Aggarwal and Rasiwasia sourced fraudulent LoUs favouring a State Bank of India account in Antwerp, cheating PNB off Rs 9,09,63,956.48 (according to the FIR). Surprisingly Punjab National Bank did not retain 110% margin for signing the LoU, according by RBI regulations in force back then.


After Nirav Modi, new multi-crore LoU scam at PNB; This time its Asia's largest Wax maker- Chandri Paper

 

[Sarkar]

Few corrupt officials are sitting at PNB managing board, first clear them, without hand from upper desk lower rank officials cannot do these things

 

[Sai Jai]

without hand from upper desk lower rank officials cannot do these things

Exactly but unfortunately there is a difference is there what ur meant upper desk what I thinking as a upper desk

 

[Sarkar]

Exactly but unfortunately there is a difference is there what ur meant upper desk what I thinking as a upper desk

100 crore people should have 100 crore opinion so difference will always be there and still we will fight for India if she needs us, and that's why it is called unity in diversity