After PNB, similar fraud hits Chennai’s City Union Bank

Chennai’s City Union Bank has been hit by fraud and the method used was similar to the one at PNB. The Rs 11,400 crore scam one of the biggest in Indian history was reported at the Punjab National Bank. The CUB said it suffered three fraudulent remittances of nearly US 2 million or Rs 12.8 crore.

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Author: Vicky Nanjappa

just a reporter

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