22 February 2018
For last 5-6 years this fraud is in continuation. My question is during these years foreign band must have approached PNB or importer for the payment then how payment was made for the import of goods?
22 February 2018
as per the modus operandi used by them, foreign bank had made the payment to PNB bank nostro account and not to the supplier of Nirav Modi. The common fraud method of teeming and lading was used and hence it got undetected
CAclubindia
