ANOTHER SCAM IN PNB BANK | 1200 CRORES | 2020

 ANOTHER SCAM IN PNB BANK

Another massive scam has erupted in Punjab National Bank (PNB), a public sector bank. Syntex Industries Limited (SIL) has a cap of Rs 1,203.26 crore. 

Even before the diamond trader Neerav Modi and Mehul Choksi PNB scam came to a head, the PNB provided regulatory filing information about this massive scam.

The scam was reported at the corporate branch of the Ahmedabad zonal office. Syntex Industries has fraudulently borrowed Rs 1,203 crore, the bank said. 

According to SEBI Listing Obligations and Disclosure Requirements (LODR) bank policies, Syntex Industries has fraudulent net assets of Rs 1203 crore.