PNB Scam: General Manager rank officer Rajesh Jindal arrested

The Central Bureau of Investigation (CBI), on Tuesday night, arrested a General Manager rank officer, Rajesh Jindal, of the Punjab National Bank (PNB) in connection with the Rs 11,000 crore alleged PNB-Nirav Modi scam. Jindal, who was the Branch Head at PNB Brady House branch, Mumbai, during August 2009 to May 2011, started the practice of issuing the letters of understandings (LoUs) without sanctioned limits to Nirav Modi Group firms.