November 22, 2024 23:35 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma | Baba Siddique murder case: Arrested Akashdeep Gill used a labourer's hotspot to evade tracking, say police | Donald Trump picks 'smart and tough' Pam Bondi as new US Attorney General after Matt Gaetz withdraws | Canadian government denies media report that claims PM Modi knew of Khalistani leader Nijjar's killing
Nirav Modi accuses PNB of destroying his business

Nirav Modi accuses PNB of destroying his business

| @indiablooms | 20 Feb 2018, 11:44 am

New Delhi, Feb 20 (IBNS): Diamond czar Nirav Modi has accused the Punjab National Bank (PNB) of destroying his brand and business, media reports said.

In a written letter to the PNB, Modi stated that the overzealousness of the bank had restricted its ability to recover the dues.

Modi wrote the letter to the PNB on Feb 14 or Feb 15, 2018.

The government on Friday announced that the passport of the fugitive billionaire Nirav Modi, the prime accused in the Rs. 11,292-crore Punjab National Bank fraud case, and his business partner and maternal uncle Mehul Choksi have been cancelled for four weeks.

Modi, who is in the centre of a huge storm, reportedly left the country in January, much before the scam came to light.

According to media reports, he is now in New York.

Meanwhile, Interpol has issued diffusion notice against Modi, his wife Ami, brother Nishal and partner Choksi.

While the Central Bureau of Investigation (CBI) has registered two cases against Modi, the Enforcement Directorate (ED) has reportedly seized gold and diamond worth Rs 5,500 crores from the searches conducted at 17 properties of the diamond merchant across India.

On February 14, the CBI received complaints from PNB, which detected a Rs 11,292 crore fraud involving Modi.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.