PNB employees issued simulated LoUs
On the dorsum of which unusual branches of a few Indian banks — including Axis in addition to Allahabad Bank — gave dollar loans to PNB. These unusual currency loans were used to fund PNB’s Nostro accounts in addition to from these accounts funds moved to for certain overseas parties. H5N1 Nostro trouble organisation human relationship is the trouble organisation human relationship an Indian banking concern (here, PNB) has alongside an overseas bank.Content source: https://economictimes.indiatimes.com/industry/banking/finance/banking/pnb-fraud-how-the-professionals-pulled-off-the-con/articleshow/62922878.cms
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