No one involved in PNB fraud case will be spared: BJP
New Delhi: Under attack from the Congress over the Rs11,400 crore PNB fraud allegedly involving billionaire jeweller Nirav Modi, the Bharatiya Janata Party (BJP) on Thursday said no one involved in the scam would be spared.
Union minister Ravi Shankar Prasad also clarified that Nirav Modi was not part of the delegation to Davos led by Prime Minister Narendra Modi and had reached there on his own. He rejected the Congress’s allegation that the prime minister had a private meeting with Nirav Modi.
The senior BJP leader said the tax payer’s money would not be allowed to go waste.
“I wish to make it very clear on the behalf of the government that no one who has sought to derail ordinary banking system shall be spared, regardless of any individual’s stature and status,” Prasad told reporters at the BJP office in New Delhi.
State-owned Punjab National Bank had on Wednesday said that it had detected a scam worth about Rs11,400 crore, where Nirav Modi allegedly acquired fraudulent letters of undertaking from a branch in Mumbai to secure overseas credit from other Indian lenders.
Accusing the government of doing nothing doing nothing to stop “independent India’s biggest bank fraud” despite being informed of it, the Congress on Thursday released a picture of Nirav Modi with the business delegation accompanying the prime minister at the World Economic Forum in Davos January.
The Congress also released a copy of a complaint by a Bengaluru resident Hari Prasad, seeking early action against Nirav Modi and his business partner Mehul Choksi, that it said was acknowledged by the Prime Minister’s Office on 26 July 2016.
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