Nirav Modi’s firm faked foreign buyers, misused loans: CBI chargesheet


The Central Bureau of Investigation’s (CBI) chargesheet on the alleged fraud perpetrated by diamond trader Nirav Modi on Punjab National Bank has revealed, for the first time, that some of the purchases against which Letters of Undertaking (LoUs) were issued to Modi’s companies were to be made from companies with connections to him, shedding more light on the modus operandi of the Rs 6,498-crore fraud.
Read more at Hindustan Times.

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