PNB refuses to disclose records pertaining to process of issuing loans to Nirav Modi

New Delhi: The Punjab National Bank has refused to disclose records pertaining to the process of issuing loans to Nirav Modi, citing an ongoing probe into the over Rs 13,000-crore scam involving the billionaire jeweller.[caption id="attachment_4402913" align="alignleft" width="380"]

File image of PunjabNational Bank. AP.[/caption]In an response to Mumbai-based RTI activist Anil Galgali the bank has cited section 8(1)(h) of the RTI Act to deny the information sought by him. Galgali said he had sought details of all the records including minutes of the meeting, agenda notes, total loans sought by Nirav Modi and the amount sanctioned by the bank.The sections bars disclosure of information which would impede the process of investigation or apprehension or prosecution of offenders.