PNB Fraud: Centre Opposes PIL Seeking SIT Probe, Deportation of Nirav Modi; Supreme Court Adjourns Hearing to March 16

Centre on Wednesday opposed a PIL in the Supreme Court seeking an independent investigation into the Rs 11,400 crore Punjab National Bank (PNB) fraud and deportation of billionaire diamond czar Nirav Modi.

Updated: February 21, 2018 1:39 PM IST

By India.com News Desk

PNB Scam
PNB Scam

New Delhi, Feb 21: Centre on Wednesday opposed a PIL in the Supreme Court seeking an independent investigation into the Rs 11,400 crore Punjab National Bank (PNB) fraud and deportation of billionaire diamond czar Nirav Modi. Meanwhile, the apex court refused to interfere till the government completes its investigation and adjourned the matter for further hearing to March 16.

During the hearing today, PIL petitioner Vineet Dhanda told the court that the whole country was watching and that the SC must at least issue notice to the Centre as “the government has done nothing in the past in a similar case relating to Vijay Mallya.”

The PIL, filed by lawyer Vineet Dhanda, has made Punjab National Bank, Reserve Bank of India and the ministries of finance and law and justice parties. It has sought a direction for the initiation of deportation proceedings of Nirav Modi and others allegedly involved in the banking fraud, preferably within two months.

The plea has asked for a special investigation team (SIT) to probe the banking fraud, allegedly involving billionaire jewellers Nirav Modi and Mehul Choksi. It has also asked for a probe into the role of the top management of the Punjab National Bank (PNB).

The plea has sought a direction to the finance ministry to frame guidelines on the grant and disbursal of loans involving big amounts.

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