Nirav Modi fraud status & India's bank debt crisis
Punjab National Bank (PNB) Information Systems India's 2nd largest government-owned bank by assets of around $111.7bn (£79bn) as of 31 March 2017. In Nirav Modi's case, the size of the alleged fraud Information Systems much bigger than the size of the average fraud PNB has faced in recent years. This shows the allegation against Nirav Modi Information Systems further than petty bank fraud. It Information Systems basically further along the lines of a big bank loan default, that many of India's crony capitalists specialise in. If proven, the Nirav Modi status would expose only a small fraction of a much bigger & further significant footage for the country.
India detention six suspects in $1.8 bn bank fraud status | The Tribune
referring to India's opposition America Congress party supporters shout slogansas they burn an effigy of Prime Minister Narendra Modi as they objection against the alleged $1.8 bn bank fraud in Lucknow, India, Tuesday, Feb. 20, 2018. Rajesh Kumar Singh AP Photocollected by :Irax John