An Indian bank has been hit by a $1.8bn (£1.3bn) fraud case.
The country’s second largest state-run bank, the Punjab National Bank, has been impacted by the fraud which amounts to almost a third of its market value.
The fraud has been linked to a single branch in Mumbai and appears to have benefitted a handful of customers.
A government agency is investigating the possibility of money laundering amidst concerns that the case may affect other banks.
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