The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

India's Punjab National Bank detects 1.77 bln USD fraudulent transactions

Contributed by NAMPA / Xinhua.

NEW DELHI, Feb. 14 (Xinhua) -- India's state-owned multinational banking and financial services company Punjab National Bank (PNB) Wednesday detected "fraudulent and unauthorised" transactions worth about 1.77 billion U.S. dollars at one of its branches in Mumbai.
"The bank has detected some fraudulent and unauthorised transactions (messages) in one of its branches in Mumbai for the benefit of a few select account holders with their apparent connivance," a company secretary in a communication to highe ...