The Central Bureau of Investigation (CBI) has registered a fresh case related to fraudulent loans issued under Prime Minister Narendra Modi's flagship Micro Units Development and Refinance Agency (Mudra) scheme.

The fraud was reported in Punjab National Bank, which is in the midst of another scam worth Rs 114 billion. A senior branch manager at PNB’s Barmer branch in Rajasthan “dishonestly and fraudulently sanctioned and disbursed 26 Mudra loans” between September 2016 and March 2017, causing a loss of Rs 6.2 million to the public sector bank, the CBI ...