PNB Fraud case: Vijay Aggarwal, who represented high profile accused in 2G case, to be Nirav Modi’s lawyer

It is to be noted that Aggarwal is the same lawyer who had represented a number of ‘high-profile’ accused persons in the 2G spectrum case.

Published: 19th February 2018 12:35 PM  |   Last Updated: 19th February 2018 12:47 PM   |  A+A-

Nirav Modi (File Photo | Indulge Express)

By ANI

NEW DELHI: Advocate Vijay Aggarwal to be the lawyer for accused jeweller Nirav Modi in connection with Punjab National Bank fraud case.

It is to be noted that Aggarwal is the same lawyer who had represented a number of ‘high-profile’ accused persons in the 2G spectrum case.

Meanwhile, the Ministry of External Affairs on Friday suspended the validity of the passports of businessmen Nirav Deepak Modi and Mehul Chinubhai Choksi with immediate effect on the advice of the Enforcement Directorate in the wake of both being involved in a Punjab National Bank (PNB) fraud case.

The PNB has lodged two financial fraud complaints of Rs. 11400 crore and Rs 280 crore against Nirav Modi, his family members and Mehul Choksi, owner of Gitanjali Gems.

The Central Bureau of Investigation (CBI) has filed a formal case charging four- Nirav Modi, his wife Ami, brother Nishal and Mehul Choksi- on January 31 over Rs. 280 crore fraud.

The agency has filed the case under the Prevention of Money Laundering Act (PMLA) on the basis of an FIR registered by the Central Bureau of Investigation (CBI).

The PNB detected the scam in which jeweller Nirav Modi acquired fraudulent letters of undertaking from one of its branches for overseas credit from other Indian lenders.

The scam started in 2011 and was detected in the third week of January this year, after which the PNB officials filed a complaint with the CBI on January 31. 

Stay up to date on all the latest Nation news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL2018