PNB fraud is tip of the iceberg, money laundering happened during demonetisation: Mamata Banerjee
Bengal Chief Minister Mamata Banerjee on Sunday took a swipe at Modi government over the Punjab National Bank fraud saying, money laundering happened during demonetisation.
State-owned PNB has been rocked by the fraud involving billionaire diamond jeweler Nirav Modi who allegedly acquired fraudulent Letters of Undertaking (LoUs) from a branch in Mumbai to secure overseas credit from other Indian lenders.
“This is just the tip of the iceberg. This big banking fraud was fuelled at the time of Demonetisation. Big money laundering happened during DeMo,” she said in a tweet.
She further claimed that key bank officials were changed. “Who are these people put in? There are more banks involved. The full truth must come out,” she said.