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Crime
PNB suspends 12 staff, files CBI case in ₹10 crore fraud
✍️ The Economic Times
🗓 30 Oct 2026, 04:31 AM
👁 12
Punjab National Bank has suspended twelve employees and lodged a Central Bureau of Investigation complaint over an alleged fraud of around ₹10 crore.
Punjab National Bank (PNB) announced the suspension of twelve employees after an internal review flagged a possible fraud amounting to roughly ₹10 crore. The bank said the action was taken pending a detailed investigation into the alleged irregularities.
PNB has formally approached the Central Bureau of Investigation, which has now registered a case against the accused staff members. The complaint cites manipulation of loan and account records to siphon funds.
Investigators are examining how the alleged scheme was executed and whether any external parties were involved. PNB officials emphasized full cooperation with the CBI and assured that further disciplinary measures will follow the probe's findings.
The bank reiterated its commitment to safeguarding depositor interests and strengthening internal controls to prevent similar incidents in the future.
PNB has formally approached the Central Bureau of Investigation, which has now registered a case against the accused staff members. The complaint cites manipulation of loan and account records to siphon funds.
Investigators are examining how the alleged scheme was executed and whether any external parties were involved. PNB officials emphasized full cooperation with the CBI and assured that further disciplinary measures will follow the probe's findings.
The bank reiterated its commitment to safeguarding depositor interests and strengthening internal controls to prevent similar incidents in the future.