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Fraudulent money transfer: Delhi High Court asks PNB to deposit Rs 45 lakh

The Delhi High Court has asked a nationalised bank to deposit with  it  Rs 45 lakh,  awarded      as   damage   in  an illegal fund transfer case, till the final disposal of its appeal.

The court stayed the Maharashtra adjudicating officer's February 25 order which asked Punjab National BankBSE -2.93 % (PNB) to pay Rs 45 lakh to Poona Auto Ancillaries as a fraudster transfered Rs 80.10 lakh from the PNB account of the MD of the Pune-based firm. 

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