It is alleged that companies linked to Nirav Modi and one of his relatives received credit worth nearly $1.8 billion between 2011 and 2017 using false guarantees in what is India's biggest banking scam.
The $1.77 billion fraud is the biggest scam in India's banking history and has so far resulted in three arrests in a case that involves billionaire jeweller Nirav Modi.
Australian police charged a 21-year-old woman with fraud after she allegedly spent $3.4 million that her bank mistakenly gave her.
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