A special court acquitted KV Brahmaji Rao, a former executive director of Punjab National Bank (PNB), seven years after he was first accused in ₹23,000-crore fraud case involving fugitive diamantaire Nirav Modi. There's no proof he obtained any illegal gratification, court observed. "Over 7,000 branches were under his control...It's humanly impossible to keep eye on [every] transaction," it added.