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-economy-bank-fraud lead

Contributed by NAMPA / AFP.

Indian bank reports $1.8-bn fraud at single branch
ATTENTION - ADDS details about investigation into billionaire ///
Mumbai, Feb 14, 2018 (AFP) - India's second-largest state-run bank said Wednesday it had detected fraud of almost $1.8 billion at one of its branches, sending its shares plunging more than nine percent.
The Punjab National Bank (PNB), one of several state-owned lenders the government is trying to clean up, said transactions worth $1.77 billion had been made "for the benefit ...

 

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