PNB files complaint with CBI alleging Rs 11,400 crore fraud
February 14, 2018  17:30
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The CBI has received two complaints from the Punjab National Bank  against billionaire diamantaire Nirav Modi and a jewellery company alleging fraudulent transactions worth about Rs 11,400 crore, officials said today.


Modi, whose jewellery creations are popular among global celebrities, may face a fresh CBI probe as the agency is looking at suitable legal action to be taken in the case. He is already being investigated by the CBI for alleged cheating and fraud involving Rs 280 crore at a PNB branch, the officials said.


They said it had received two complaints from the PNB yesterday in which it was alleged that the bank had spotted fraudulent transactions worth over Rs 11,400 crore involving Modi and a jewellery company.


The officials, without divulging the future course of action on the complaints from the national bank, said suitable legal action could be initiated against the designer and the company after the agency had vetted the complaint. It was not immediately clear whether the jewellery company mentioned in the complaints was linked to Modi. -- PTI


Image: Priyanka Chopra in Nirav Modi jewellery
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