Investigators Summon Top Bank Chiefs as India Widens Fraud Probe
- Enforcement Directorate said to seek meetings with 31 banks
- Serious fraud unit to meet CEOs of ICICI, Axis Bank: report
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Federal investigators are seeking to question the chiefs of India’s biggest lenders as they widen their probe into the $2 billion fraud at Punjab National Bank.
The Enforcement Directorate has written to the heads of 31 banks asking to meet officials about the fraud, according to people familiar with the matter. The investigators will start with state-run PNB on Wednesday and will subsequently cover the other lenders, the people said, asking not to be identified as the details are private.