CBI charges celebrity jeweller Nirav Modi in a multi-crore cheating case
The Central Bureau of Investigation has charged celebrity jeweller Nirav Modi in a multi-crore cheating case.
Nirav Modi, his brother Nishal, wife Ami and Mehul Chinubhai Choksi, a business partner have been booked for allegedly cheating Punjab National Bank of over Rs 280.70 crore during 2017, officials said.
“The public servants committed abuse of official position to cause pecuniary advantage to Diamond R US, Solar Exports, Stellar Diamonds and wrongful loss of Rs 280.70 crore to Punjab National Bank during 2017,” the FIR has alleged.
The CBI has registered the FIR under the Indian Penal Code (IPC) sections related to criminal conspiracy, cheating and provisions of Prevention of Corruption Act against the four, an official said.