Company CFO, Chandrakant Karkare, said he was resigning “with immediate effect”.

Board member S Krishnan saying that there was no one to even organise a board meeting to clarify the issues surrounding the purported fraud.

Gitanjali Gems, which is embroiled in the Rs 11,400-crore PNB loan scam, informed that its CFO- Chandrakant Karkare- cited personal reasons...

Three people including two employees of PNB, India's second largest state lender, have been arrested in the biggest fraud case in the count...