How Mehul Choksi and Nirav Modi pulled off multi-billion-dollar PNB scam

Mehul Choksi, a key figure in the Rs 13,000 crore PNB fraud, has been arrested in Belgium following an extradition request by Indian probe agencies. This action against Choksi, follows the arrest of his nephew Nirav Modi. The PNB scam, involving fraudulent Letters of Undertaking, was exposed in 2018, revealing systemic loopholes.

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