PNB fraud may expand Rs 3,000 crore more from 17 banks

As investigating agencies pore over documents seized from premises connected to jewellery czar Nirav Modi in connection with the Rs 11,000-crore alleged fraud in Punjab National Bank, evidence has emerged of an additional Rs 3,000 crore worth of exposure of 17 banks; rolling over of the same Letters of Understanding many times and alleged round-tripping of funds.