The jewelry designer and billionaire Nirav Modi took 11000cr credit from Punjab National Bank and flew abroad. The ED and CBI is searching him. He is most recently seen with PM of India Shri. Narendra Modi at Davos. This year Davos host the annual World Economic Forum.
Bank briefing in press conference, he created phoney LOU (Letter of understanding) and took 11000cr. After this PC, Nirav Modi wrote to bank, you made it open and it pounded the organization’s notoriety. Presently I can’t return. This is the manner by which he denied to pay in a roundabout way.