CBI Names Nirav Modi’s Sister as Accused in PNB Scam Chargesheet
The Central Bureau of Investigation (CBI) has filed a supplementary chargesheet on Monday in the multi-million dollar Punjab National Bank (PNB) scam, naming Nirav Modi’s sister, Purvi Mehta, a Belgian citizen, as an accused. Mehta is allegedly one of the beneficiaries of the funds received through Letters of Undertaking (LOUs) obtained from PNB. Firestar Group of Companies’ official Aditya Nanavati has also been named in the chargesheet.
The CBI has accused Mehta of being involved in the scam and receiving funds through the LOUs, which were allegedly issued by PNB officials without verifying the creditworthiness of the borrowers. The CBI has also accused Nanavati of being involved in the scam and of having knowledge about the fraudulent activities.
The supplementary chargesheet has been filed by the CBI in a special court in Mumbai, and it includes evidence and statements from various witnesses, including PNB officials and Indian and foreign banks. The CBI has also included details of the transactions and the accounts of the accused, including Mehta and Nanavati.
The PNB scam, which was discovered in 2018, is one of the largest banking frauds in India’s history. It is alleged that Nirav Modi and his associates, including Mehta and Nanavati, obtained LOUs from PNB officials and used them to fraudulently obtain funds from various banks. The CBI has accused Modi and his associates of siphoning off over $2 billion from PNB and other banks.
Mehta, who is currently living in Belgium, has denied any involvement in the scam and has claimed that she is not aware of any fraudulent activities. Nanavati has also denied any involvement in the scam and has claimed that he was not aware of any illegal activities.
The CBI’s decision to name Mehta as an accused in the chargesheet comes as a surprise to many, as she had previously been considered a witness in the case. The CBI had earlier interrogated Mehta in connection with the scam, and she had cooperated with the investigation.
The CBI’s move to name Mehta as an accused is seen as a significant development in the case, and it is likely to have implications for her and her family. Mehta’s inclusion as an accused in the chargesheet means that she will now have to face trial and respond to the allegations made against her.
The CBI’s decision to name Nanavati as an accused in the chargesheet is also significant, as it suggests that the agency believes that he was involved in the scam and knew about the fraudulent activities. Nanavati’s inclusion as an accused in the chargesheet means that he will also have to face trial and respond to the allegations made against him.
The PNB scam has had significant implications for the banking industry in India, and it has led to a major overhaul of the country’s banking regulations and supervision. The scam has also led to a loss of confidence in the banking system, and it has had a significant impact on the economy.
The CBI’s investigation into the PNB scam is ongoing, and it is likely to take several more months to complete. The agency has already filed several chargesheets in the case, and it is likely to file more chargesheets as the investigation continues.
In conclusion, the CBI’s decision to name Nirav Modi’s sister, Purvi Mehta, and Firestar Group of Companies’ official Aditya Nanavati as accused in the PNB scam chargesheet is a significant development in the case. Mehta’s inclusion as an accused in the chargesheet means that she will now have to face trial and respond to the allegations made against her. The CBI’s move is seen as a significant step forward in the investigation, and it is likely to have implications for Mehta and her family.
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