Economy Lapses at many areas led to huge PNB fraud, says internal probe Updated : June 20, 2018 09:15 AM IST The bank's CEO Sunil Mehta told Reuters in April he had suspended 21 officials. No penalty has been imposed on PNB as a result of the fraud and there has been no senior management shake-up. Under PNB policy, no officer should remain in the same office for more than three years. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.