The countries where the LRs would be sent include Belgium, Hong Kong, Switzerland, the United States, the United Kingdom, Dubai, Singapore and South Africa.
The CII President said such instances of collusion between corrupt bank officials and scamsters should not lead to a situation of choking of credit to industry.
The investigative agency has also frozen mutual funds and shares worth Rs 94.52 crore of Nirav Modi and Mehul Choksi groups.
Banking operations failure, RBI's gaffe, auditors' carelessness and mistakes committed by banks which gave out loans based on LoUs issued by PNB, they all contributed to India's biggest corporate fraud.
Claiming that the over Rs 11,000 crore PNB scam involving billionaire jewellery designer Nirav Modi was only a fraction of a mamoth fraud on the Indian banks, Banerjee asserted that it took place during demonetisation.
The most worrying aspect is that there are still black sheep working in PNB, who are acting as informers to Nirav Modi and Mehul Choksi.
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