Project Accounting Analyst Interview Questions and Answers

One of the recent biggest accounting frauds in India was the Punjab National Bank (PNB) scam involving Nirav Modi.

• The PNB scam involved fraudulent issuance of Letters of Undertaking (LoUs) worth over $2 billion by Nirav Modi and his associates.

• The scam was uncovered in 2018 when PNB reported unauthorized transactions to the RBI.

• Nirav Modi and his uncle Mehul Choksi were accused of colluding with bank officials to obtain credit from overseas branches of Indian banks using frau...read more