RBI did not audit PNB scam period

Apportioning blame to the Reserve Bank of India over the PNB loan fraud, Central Vigilance Commissioner K V Chowdary on Tuesday said there had been “no apparent audit” by the central bank during the period of the scam.

Chowdary stressed the need to put into place a more robust auditing system.

“They did not do this (an audit),” the head of the probity watchdog told PTI.

The CVC exercises superintendence over the CBI which is looking into the over Rs 13,000-crore Punjab National Bank fraud case.

mwdia agencies

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