Bar owner held for loan fraud; used same PNB branch as Nirav Modi

The Delhi Police has arrested four people including the co-owner of F Bar and Lounge at Connaught Place and a former assistant general manager of Punjab National Bank, for a ₹7.5-crore loan fraud. A ₹7-crore loan was disbursed by PNB's Brady House branch in Mumbai that was also allegedly involved in the ₹14,000-crore scam involving jeweller Nirav Modi, police said.