Nirav Modi terms PNB scam 'civil transaction' that is being exaggerated; cites security reasons for not returning to India


New Delhi: Nirav Modi, a chief accused within the multi-crore PNB fraud case, on Saturday stated that he has performed nothing unsuitable and that the rip-off was a “civil transaction” which is now being blown out of proportion.

A file picture of Nirav Modi. Information18

Modi, on Saturday, filed a response earlier than the PMLA court docket opposing the Enforcement Directorate’s criticism to have him declared a “fugitive financial offender” below the Fugitive Financial Offenders Act.

Within the response, the absconding diamantaire additionally said that he’s unable to fly again to India citing safety causes.

Modi and his uncle Mehul Choksi, who’re each wished in India for mortgage default, fled the nation within the first week of January final yr after their firms had been discovered dishonest the state-run PNB of Rs 13,000 crore.

The duo has not returned to India since then regardless of repeated summons from probe companies and courts. Modi is alleged to be in London whereas Choksi is residing within the Caribbean nation of Antigua and Barbuda. The federal government has additionally despatched formal requests to each searching for their extradition.

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