Nirav Modi (center) at the launch of his Macau boutique. (Source: website)

Government Looked The Other Way When Nirav Modi Slipped Out Of India: Congress

The Congress today alleged that the National Democratic Alliance government was looking the other way when billionaire jeweller Nirav Modi used his clout with the prime minister to slip out of the country and steal Rs 12,000 crore, drawing comparison with the case of liquor baron Vijay Mallya.

State-owned Punjab National Bank yesterday said that it had detected a $1.77 billion (about Rs 11,400 crore) scam where Nirav Modi allegedly acquired fraudulent letters of undertaking from a branch in Mumbai to secure overseas credit from other Indian lenders.

Congress communications in-charge Randeep Surjewala raised questions on whether Nirav Modi had been tipped off following which he left the country.