Showing posts with label PNB Fraud. Show all posts
Showing posts with label PNB Fraud. Show all posts

BJP, Congress blame each other for PNB fraud, trade barbs on Nirav Modi

New Delhi: The Bharatiya Janata Party (BJP) and the Congress on Thursday blamed each other for the Rs11,400 crore fraud case involving the Punjab National Bank (PNB) even as the latter called the scam’s main accused Nirav Modi as “Chhota Modi” sparking condemnation from the ruling party.

Billionaire jeweller Nirav Modi is the main accused in the Rs11,400 crore PNB fraud.

The rival parties also traded allegations over a picture of Nirav Modi with Prime Minister Narendra Modi and a business delegation accompanying him to Davos at the World Economic Forum meet last month.Nirav Modi, who holds an Indian passport, left India on January 1, while his brother Nishal, a Belgian citizen, also left the country on same day. However, whether they travelled together has to be probed, they said.
Nirav Modi's wife Ami, a US citizen, left on January 6 and his uncle and business partner Mehul Choksi, the promoter of Gitanjali jewellery chain, left on January 4, the officials said.


Nirav Modi, who is believed to be in Switzerland, was also present in a group photograph of Indian CEOs with Prime Minister Narendra Modi, issued by the Press Information Bureau, during the World Economic Forum on January 23, six days before the bank sent its first complaint against him to the CBI, according to the officials.