Government Employees Arrested For Bank Fraud

During investigations, it was found that the server of Cooperative Bank in Hazratganj, Lucknow was hacked, and the money transferred to different accounts in ICICI and HDFC banks.

The Central Bureau of Investigation (CBI) arrested three more employees of the Punjab National Bank or PNB on Monday over the Rs 11,400 crore loan fraud case involving celebrity jeweller Nirav Modi. The arrests came as the government said the scandal exposed a "supervisory failure" by the Reserve Bank of India (RBI), media reports said.

During investigations, it was found that the server of Cooperative Bank in Hazratganj, Lucknow was hacked, and the money transferred to different accounts in ICICI and HDFC banks.

The Central Bureau of Investigation (CBI) arrested three more employees of the Punjab National Bank or PNB on Monday over the Rs 11,400 crore loan fraud case involving celebrity jeweller Nirav Modi. The arrests came as the government said the scandal exposed a "supervisory failure" by the Reserve Bank of India (RBI), media reports said.