It is ironic that technology relied on to check malpractices in the financial sector and improve the ease of doing business has again proved to be an easily manipulated tool. Harshad Mehta breached technology safeguards to milk the banking system 26 years ago, using bank receipts to finance his deals. And now, Nirav Modi has taken advantage of loopholes and used letters of undertaking (LoU) issued by Punjab National Bank (PNB) to acquire around Rs 11,400 crore from overseas branches of Indian banks.