On January 31, the CBI registered a case against Modi, his wife, his brother Nishal and business partner Choksi, for allegedly cheating PNB of over Rs.280 crore in collusion with then Brady House branch’s Deputy Manager Gokulnath Shetty and single-window operator Manoj Kharat.
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Prasad said the government would revoke his passport, but the prominent jeweler reportedly left India in early January and is believed to be in Switzerland.
TimesNow tweeted saying, “Priyanka Chopra sues Nirav Modi for not paying her for a diamond advertisement”.
The news agency also pointed out that Indian enforcement agencies, including the CBI, had issued a “look-out circular” to inform them about the movement of the accused.
Jhargram: Bengal chief minister Mamata Banerjee on Thursday demanded a time-bound and thorough probe into the PNB case, seizing on a “scam” where a billionaire jeweller seen with Prime Minister Narendra Modi in Davos last month has been named as an accused. On the other hand, the BJP sought to defend the Centre by claiming that the scam went back to 2011.
The bank’s shares had plunged drastically on Wednesday following the regulatory filing to close lower by 9.81 per cent at the BSE. According to Mint, Modi was the first Indian to feature on the cover of a Christie’s auction catalogue in 2010 for his Golconda diamond necklace that fetched $3.56 million at a Hong Kong auction.
These suspect bank officials issued the LoUs and informed these branches via the global cash transfer service called SWIFT (Society for Worldwide Interbank Financial Telecommunication) which connects all global banks worldwide. “Nirav Modi has not come out with any concrete plan to repay so far”. Read Also: Who is Nirav Modi? “He was present at CII group photo event”, Prasad said. “Why PMO did not take action”, he asked.
Possibly, the amount may be even higher if the modus operandi employed in this fraud is being used in other banks as well.
CBI sources said the bank had mentioned only seven addresses in its complaint but its investigations revealed details of other locations.
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Addressing a press conference, on Thursday, Feb 15, Congress spokesperson Randeep Surjewala wondered if Nirav Modi, whom he referred to as “Chhota Modi”, was tipped off by someone within the government about the PNB complaint like former IPL czar Lalit Modi and business tycoon Vijay Mallya. How did the fraud escape the eyes of all the auditors and investigators? Does it not point to active complicity at the highest level? Make a donation and help pay for our journalism.
