Virat Kohli still brand embassador; not engaged PwC for audit: PNB
February 23, 2018 19:52
Scam-hit Punjab National Bank said cricketer Virat Kohli continues to be its brand ambassador and denied reports that it has engaged audit firm PricewaterhouseCoopers to investigate the Rs 11,400 crore fraud committed on the state-owned lender by diamond jeweller Nirav Modi and his associates.
The bank has also said in a statement that it has not imposed any withdrawal limits on its customers and normal banking activities are going on.
"Mr Virat Kohli is our brand ambassador," the bank said, denying media reports that he is going to discontinue his endorsement with the bank. "The same is again totally false and incorrect," it added.
The bank also said that it has not engaged PwC to conduct an investigation into the alleged fraud and gather evidence against Nirav Modi and his associates. The media report is "totally incorrect", it added.
On the reports floating on the social media and other platforms that the bank has imposed a withdrawal limit of Rs 3,000 per customer, Punjab National Bank said: "It is absolutely incorrect, no such limit has been fixed by the bank and normal banking activities are going as usual.
"No restrictions on the withdrawals have been imposed by the bank," it clarified.
Further clarifying on news that the Reserve Bank and the government have asked the bank to make payment to the fraudulent amount to other banks, it said: "The report is totally incorrect and the bank confirms not having received any such instructions."
-- PTI
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