New Delhi: The Supreme Court on Friday refused to interfere with or monitor the investigation into the multi-billion dollar Punjab National Bank (PNB) fraud case. Dismissing the PIL, filed by advocate Vineet Dhanda, a bench headed by Justice Sanjay K Kaul said,”We are not inclined to entertain this petition filed under Section 32 of the Constitution of India. The writ petition is accordingly dismissed.”
If reports are to be believed, the top court also refused to order a probe by a special investigation team (SIT) into the situation in which diamantaire Nirav Modi fled the country. Notably, this was the first time the PIL came before Justice Kaul. Earlier, it was for hearing before other benches on six different dates since February 2018.
Attorney General KK Venugopal, who appeared for the government raised strong objections against the maintainability of the petition. “thTere is no need for the court to intervene in the matter are investigations are still underway,” the A-G said.
On the other hand, advocate JP Dhanda, who appeared on the behalf on the behalf of the petitioner called the issue serious and asked the government to update the bench about the progress made in the probe.
The PIL, filed by lawyer Vineet Dhanda, 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).
Besides, the plea has also sought a direction to the finance ministry to frame guidelines on the grant and disbursal of loans involving big amounts.