The PNB scam of 2018, masterminded by Nirav Modi, a diamond jeweller and designer, was the biggest banking fraud in Indian history. It is estimated that Nirav Modi and his accomplices siphoned off around 10,000 crore from the PNB branch in Fort, Mumbai. To achieve this, Nirav Modi allegedly created dummy companies and used the SWIFT network to transfer funds. The exposure of this scam resulted in Nirav Modi's arrest in the United Kingdom, and the Indian government subsequently passed the Fugitive Economic Offenders Act (2018) and integrated the SWIFT network with the Core Banking System. To learn more about this scam and all of the other scams in Indian banking history, it is recommended to listen to the full audio and all episodes of Indian scams by Audio Pitara. Credits Script Writer - Manvendra Bhattacharya Narration - Aditya Raj Sharma Podcast Manager - Ranjitkumar Ravindran AD - Mohinder Rathod Promos Writer - Snehal Betkar Recording & Audio mixing - Suyash Pitale Sound Designing - Suyash Pitale Graphic Designer - Kaustubh Bhole Video Edit & Motion Graphics - Rohan Sawant Social Media Executive - Vaishnavi Shinde Financial Accountant - Shraddha Pedamkar Executive Producers - Tapasya Gupta & Amit Deondi Produced by - Channel176 Productions Private Limited