YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
One of India's biggest banks announced Wednesday it discovered $1.8 billion in fraudulent activity at one of its branches.
Punjab National Bank officials said the company "detected some fraudulent and unauthorized transactions" at a branch in Mumbai. The bank said in a statement that "a few select account holders" appear to have been involved.
"Based on these transactions, other banks appear to have advanced money to these customers abroad," Punjab National Bank officials added.
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