Virat Kohli will remain our brand ambassador, says fraud hit PNB

New Delhi: The $1.8 billion fraud hit Punjab National Bank (PNB) has said that Indian Cricket team skipper Virat Kohli will continue to remain its brand ambassador.

"There are reports in the media that Virat Kohli, Bank's brand ambassador is going to discontinue his endorsement with Punjab National Bank. The same is again totally false and incorrect. Virat Kohli is our brand ambassador," the bank clarified through a public notice.

Virat Kohli will remain our brand ambassador, says fraud hit PNB

The notice further clarified, "There are media reports that the bank has engaged PricewaterhouseCoopers (PwC) to conduct an investigation into the alleged fraud and PwC has been asked to gather evidence that can be used against Nirav Modi and his associates in the court. The news is totally incorrect."

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It also said that media reports saying Reserve Bank of India and government asking PNB to make payment of the fraudulent amount to other banks is also incorrect.

The bank reiterated that the bank has the capacity and capability to handle the situation and protect the interest of the institution, customers and stakeholders.