Singhvi kin had links with Nirav: Nirmala

Singhvi kin had links with Nirav: Nirmala

The Congress has said the scam is much bigger than what is being said and the government had allowed yet another person to flee the country after cheating banks. Strangely enough, a similar tale has apparently already been told in Ravi Subramaniam's book "In the Name of God".

Modi has been accused of involvement in a multibillion dollar bank fraud.

India's premier investigating agency Central Bureau of Investigation (CBI) Saturday arrested a former deputy general manager and two others in fraudulent transition cases worth about 1.77 billion US dollars at India's state-owned Punjab National Bank (PNB), officials said.

On Saturday, the Congress also accused Prime Minister Narendra Modi of sleeping while the banking fraud of this magnitude was taking place.

Billionaire diamond trader Nirav Modi (R) shakes hands with TRH Charles, Prince of Wales and Camilla, Duchess of Cornwall.

Sibal also said: "What has HRD Ministry, Social Justice Ministry and Law Minister got to do with Nirav Modi and the scam?"

The party's state spokesperson Clyde Castro said that its functionaries were not allowed to meet bank officials, adding that the party shouted slogans against the bank as well as diamond businessman Nirav Modi who is at the centre of the scam.

The CBI has carried out raids on more properties connected to the pair and has contacted Interpol to track down Mr Modi.

"However, we are not implying that he managed to loot the (PNB) bank with the blessings of BJP leaders or that a share of it (loot) even went to the party coffers". Continuing the onslaught on the Modi government, Rahul Gandhi urged the Prime Minister to speak up on the allegations of public money being misappropriated by jewellery czar Nirav Modi. Gandhi said that the prime minister had destroyed the financial system of India through his actions.

The raids came after the agency filed a money laundering case against Nirav Modi, his wife Ami, brother Nishal and relative Mehul Choksi on February 14, following a complaint by the PNB. "Original sin in this episode of Nirav Modi was committed in 2011", senior BJP leader and defence minister Nirmala Sitharaman said at a press briefing. He must come forward and explain to people.

"This Rs 22,000 Crore scam can not have been done without a high-level protection".

Interestingly, the FIR lodged by CBI on January 31, 2018, about the fraud refers to just eight PNB Letters of Undertaking (LoUs), all of which were issued to Nirav Modi after 2017, during the NDA's regime.

ED sleuths also sealed six properties owned by the fugitive jewellery designer.

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