A common Indian was hopeful that soon Vijay Mallya will be brought back to India and he will be punished for looting the country but all the hopes were shattered when one more businessman ran out of the nation after committing a bank fraud of nearly Rs. 11,400 crore.
The businessman in question is Nirav Modi, a jewellery and diamond merchant who is known for his flamboyant style of living. He collaborated with some employees of Punjab National Bank and took advantage of the loop-holes present in the system and robbed the second largest bank of India.
However, the amount of the fraud can increase further if similar frauds are detected in other banks. PNB has written to other 30 banks, telling them about the modus operandi and asked them to investigate whether they have also been targeted by the escaped businessman.
Till now, PNB has found two of its employees from its Brady House branch, Mumbai, involved in the scam as they have repeatedly issued Letters of Understanding to the companies of Nirav Modi and their banks without properly following the instructions and guidelines.
The two employees who are involved in the scam as per PNB are deputy manager Gokulnath Shetty and clerk Manoj Kharat. While Shetty has retired, PNB has already suspended 10 employees in the primary phase of their investigation.
Social media is flooded with angry and ironical responses on the matter and here are some selected tweets:
Creator of a truly world class sports entertainment brand.
Creator of a truly world class beverage brand.
Delivered a truly world class highway.
Created India's first global high street jewelry brand.
The list is long…
— Āsurā (@iAsura_) February 16, 2018
PNB 's message to Nirav Modi:
Dear Mr Modi,
11,000 cr ka fraud koi badi baat nahin hai par agar 31 March se pahle account se Aadhar link nahin kiya to your account will be frozen!
— Sunil Batra (@SunilBatra80) February 15, 2018
— hemant sharma (@hemantbaran) February 16, 2018
— Rofl Gandhi (@RoflGandhi_) February 16, 2018
Somewhat apt that this Nirav Modi scam broke on Valentine’s Day. It’s after all the day of LoU.
— Ramesh Srivats (@rameshsrivats) February 16, 2018
While NDA may claim success for Demonetization or GST, they haven't yet gained confidence of big businesses. Big businessmen are fleeing the country like anything unlike earlier when they used to have full confidence in the UPA govt. #LalitModi #VijayMallya #NiravModi
— Keh Ke Peheno (@coolfunnytshirt) February 15, 2018
Also #NiravModi is a Palanpuri Jain so this year he will do Prajushyan – say Micchaami Dukkadam at the end of it and technically we will all have to forgive him..
— Atul Khatri (@one_by_two) February 16, 2018
London Immigration Officer : Do you have a criminal record?
Nirav Modi : Yes
Officer : Brilliant, Welcome to England.
— The Kaipullai (@thekaipullai) February 16, 2018
The difference between Nirav Modi and Narendra Modi is as much as between the Mahatma Gandhi and Rahul Gandhi. #छोटा_मोदी
— Akshay Kumar (@SirAkshayKumar) February 16, 2018
— GhoseSpot (@SandipGhose) February 16, 2018
What do you have to say in this regard? Let us know your views.