PNB senior branch manager, another held in ₹183 cr fake bank guarantee scam
The CBI has arrested two individuals, including a senior Punjab National Bank manager, in a ₹183.21 crore counterfeit bank guarantee scam related to irrigation projects in Madhya Pradesh. The scam involved fraudulent guarantees submitted by Teerth Gopicon Limited, leading to contracts worth ₹974 crore. Investigations revealed a Kolkata-based syndicate fabricating fake bank guarantees for government projects.
The CBI has arrested two individuals, including a senior Punjab National Bank manager, in a ₹183.21 crore counterfeit bank guarantee scam related to irrigation projects in Madhya Pradesh. The scam involved fraudulent guarantees submitted by Teerth Gopicon Limited, leading to contracts worth ₹974 crore. Investigations revealed a Kolkata-based syndicate fabricating fake bank guarantees for government projects.
