113 PNB-Nirav Modi bank scam: Both internal, external auditors failed to detect fraud, CA professionals must introspect, says Arun Jaitley
Reacting to the country’s biggest ever bank fraud, Finance Minister Arun Jaitley on Tuesday said that the PNB scam of Rs 11,400 crore involving billionaire jeweler Nirav Modi was a result of failure of management and auditors, adding that the government will chasw down those who cheat the banking system. “When authority is given to the managements then you are expected to utilize authority effectively and in the right manner […]