Billionaire businessman Nirav Modi had deposited Rs 90 crore in the scam-hit PNB hours before Prime Minister Narendra Modi had made the shock announcement on demonetisation on 8 November 2016, claims a senior NCP leader.
NCP MP and senior criminal lawyer, Majeed Memon, said, “A report reveals that Nirav Modi deposited huge cash amount in one PNB branch on 8 th Nov. 2017, hours before PM announced demonitization. What does it suggest? (sic)”
“When Nirav Modi left India, at that time it was reported that some hours prior to Prime Minister’s announcement of demonetisation in 2016, Nirav Modi deposited 90 crore rupees of cash in one branch of PNB, and he probably exchanged it for bullion or something,” Memon told news agency ANI.
This claims assume significance given that the PM has time and again said that no one was informed about his demonetisation plan. PM Modi has already come under fire for not stopping Nirav Modi’s escape from India despite the Gujarati businessman having defrauded the government bank of Rs 11,400 crore. The billionaire diamond merchant was seen posing with the prime minister at Davos in an exclusive photo opportunity.
There are also allegations that Nirav Modi, a close relative of Mukesh Ambani, had significantly funded the BJP’s election campaign in the past.
Days after the demonetisation announcement, which resulted in the deaths of nearly 200 people, Delhi chief minister, Arvind Kejriwal, had said that the note ban was a scam worth Rs 8 lakh crore, done to write off bad loans of banks.
“There is a different reason and intention behind it. What was the real reason behind demonetisation. According to the data available, the banks had stressed assets of Rs 8 lakh crore. The big companies, industrialists, and the rich had taken loans from banks,” he had said.