New Delhi: As investigations into the Rs 11,400 crore scam at PNB gather momentum,
officials at overseas branches of other banks, where the fraudulently
issued Letter of Undertakings (LoUs) were encashed, are under scanner,
sources said.
Officials of Hong Kong branches of Indian lenders
including Allahabad Bank, State Bank of India (SBI), Union Bank, UCO
Bank and Axis Bank are part of the entire fraud which continued for 7
years.