History
The PNB scam of 2018, masterminded by Nirav Modi, a diamond jeweller and designer, was the biggest banking fraud in Indian history. It is estimated that Nirav Modi and his accomplices siphoned off around 10,000 crore from the PNB branch in Fort, Mumbai. To achieve this, Nirav Modi allegedly created dummy companies and used the SWIFT network to transfer funds. The exposure of this scam resulted in Nirav Modi's arrest in the United Kingdom, and the Indian government subsequently passed the Fugitive Economic Offenders Act (2018) and integrated the SWIFT network with the Core Banking System. To learn more about this scam and all of the other scams in Indian banking history, it is recommended to listen to the full audio and all episodes of Indian scams by Audio Pitara. #telgiscam2003 #scam2003telgistory #telgiscamdocumentry #abdulkarimtelgiscam #stampaperscamtelgi #telgiscamaudioshow Credits - Audio Pitara Team Learn more about your ad choices. Visit megaphone.fm/adchoices
undefined: February 20, 2023
History
The PNB scam of 2018, masterminded by Nirav Modi, a diamond jeweller and designer, was the biggest banking fraud in Indian history. It is estimated that Nirav Modi and his accomplices siphoned off around 10,000 crore from the PNB branch in Fort, Mumbai. To achieve this, Nirav Modi allegedly created dummy companies and used the SWIFT network to transfer funds. The exposure of this scam resulted in Nirav Modi's arrest in the United Kingdom, and the Indian government subsequently passed the Fugitive Economic Offenders Act (2018) and integrated the SWIFT network with the Core Banking System. To learn more about this scam and all of the other scams in Indian banking history, it is recommended to listen to the full audio and all episodes of Indian scams by Audio Pitara. #telgiscam2003 #scam2003telgistory #telgiscamdocumentry #abdulkarimtelgiscam #stampaperscamtelgi #telgiscamaudioshow Credits - Audio Pitara Team Learn more about your ad choices. Visit megaphone.fm/adchoices
undefined: February 20, 2023
Step into an infinite world of stories
No reviews yet
Download the app to join the conversation and add reviews.
English
International