PNB Fraud Case: DRT serves notice to Nirav Modi, family to recover 7,000 crore

It revealed shocking details of how Nirav Modi and his uncle, Mehul Choksi, in connivance with some bank officials had duped the bank by issuing fraudulent Letters of Undertaking (LoUs) for the huge amount at PNB's flagship Brady House Branch in south Mumbai, since 2011.