PNB scam: CBI arrests three

Jon Howard
February 18, 2018

"Mr P. Chidambaram told the meeting of the steering committee (erstwhile Congress Working Committee) that a scam of such a large scale is not possible without high level protection".

"Sitharaman alleged that the Nirav Modi-run Firestone Diamond International had taken on lease a property of Adwait Holdings, a company in which Singhvi's wife is a director".

He also said that no one from his family has anything to do with Gitanjali or Nirav Modi companies.

Gandhi said that the BJP is trying to divert the attention from the issue by pinning it on Congress and the UPA tenure.

Alleging that Rahul Gandhi was present in the promotional event hosted by Nirav Modi, she said: " On 13 Sept 2013, Rahul Gandhi attends a promotion event of Gitanjali Gems. He is asked to resign.

Attacking the BJP, the Congress tweeted: " One minister speaks for another's ministry.

The Congress president questioned the silence of the prime minister on the scam.

If Shaq Were LeBron James He'd Take His Talents To Golden State
Davis and "Team LeBron " will be coached by 1978 national champion and current head coach of the Toronto Raptors Dwane Casey. The event which will pit G-League All-Stars against the Mexican National Team will air on NBATV.

The state-owned PNB has detected a Dollars 1.77 billion (about Rs 11,400 crore) scam where billionaire jeweller Nirav Modi allegedly acquired fraudulent letters of undertaking (LoUs) from the Brady House branch of the bank in south Mumbai to secure overseas credit from other lenders.

Modi, his wife Ami, brother Nishal, uncle and business partner Mehul Choksi, all left the country in the first week of January.

After filing a second FIR in the case, the CBI arrested retired PNB Deputy Manager Gokulnath Shetty, Single Window Operator Manoj Kharat and authorised signatory of the Nirav Modi Group of firms Hemant Bhat on Monday.

He also said the defence minister and social justice minister were briefing on the issue, but "the FM and the PM, who are responsible, have not spoken a word about it".

The apex body of bankers today met here to discuss the Rs 11,400-crore scam at Punjab National Bank allegedly caused by the absconding diamond trader Nirav Modi and a clutch of his family-run companies. There are stores bearing his name in New York, Las Vegas, Hong Kong, Beijing and Mumbai and his designs have been worn by Hollywood stars including Taraji P. Henson, Dakota Johnson and Kate Winslet.

The diffusion notice is a request for cooperation or alert mechanism, less formal than an actual notice but is also used to request the arrest or location of an individual or additional information in relation to a police investigation. "And then Modiji (Nirav Modi) steals Rs 22,000 crore from the banks and escapes from the country", he said.

Sources said that these raids, conducted over three days across four cities-Mumbai, Delhi, Jaipur and Surat-had revealed alleged instances of massive tax evasion and suspected money laundering of old currency notes that were banned following demonetisation.

Other reports by PlayStation Move reviews

Discuss This Article