ICAI issues show-cause notices to PNB, Gitanjali Gems auditors

Chartered accountants' apex body ICAI has issued show-cause notices to the auditors of Punjab National Bank and Gitanjali Gems in connection with the 11,400 crore rupees fraud.

ICAI has said that it has summoned a deputy general manager of PNB seeking details about the fraud at the public sector lender.

The Institute has also written to the Reserve Bank of India requesting it to provide the list of the corporate borrowers of public sector banks having outstanding loan amount of 2,000 crore rupees and above.

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