Updated 20 Feb 2018 06:39 AM
PNB Scam: Nirav Modi speaks for the FIRST TIME, says bank did not leave option to repay
Firstly Nirav Modi conducted a fraud worth Rs 11,500 and now he is trying to explain! Nirav Modi spoke on the scam for the first time and said that the Punjab National Bank made the issue public. This is why there was no option left for the repayment.
He also said that his companies are on verge of shutting down just because the loan amount was presented more than it actually is.
On the other hand, three officials of Mumbai PNB have been arrested. In series of efforts being made by CBI and ED, three arrests have been made.
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