The tweet came a day after Congress president tweeted a “guide to looting India”State-owned Punjab National Bank on Wednesday had revealed that it has detected a $1.77 billion (about
Rs 11,400 crore) scam by billionaire jeweler Nirav Modi
NEW DELHI: Congress president Rahul Gandhi today proposed a formula which appears to allege that Prime
Minister Narendra Modi acted as a ‘catalyst’ to help facilitate the escape of jeweler Nirav Modi and
cricket administrator Lalit Modi.
This came a day after the Congress president’s Twitter handle tweeted a “guide to looting India”, after
reports emerged that Nirav Modi had fled India after duping the Punjab National Bank of Rs 11,300
crore, State-owned Punjab National Bank on Wednesday had revealed that it has detected a $1.77 billion (about
Rs 11,300 crore) scam where billionaire Nirav Modi allegedly acquired fraudulent letters of undertaking
from a branch in Mumbai to secure overseas credit from other Indian lenders.
On Friday, following reports that the jewelry designer left India on January 1, much before CBI
received a complaint from Punjab National Bank on January 29 about a Rs 280-crore fraud, the Ministry
of External Affairs (MEA), on the advice of Enforcement Directorate, suspended the validity of
passports of Nirva Modi and his business partner Mehul Choksi.
The jeweler, along with his wife Ami, brother Nishal and uncle Choksi, left the country in the first week
of January. He was last seen in Switzerland at the World Economic Forum’s annual meet in Davos
(January 23-26). Ami is said to be an American citizen, while Nishal is a Belgian national. With his operations
spread across the world, Modi is said to spend a lot of time in the US.
Yesterday, the Congress president alleged that Nirav Modi, who was seen with the Prime Minister in
Davos used his clout to “slip out” of the country, much like businessman Vijaya Mallya, who managed to
flee India after duping Indian banks of Rs 9,000 crore.